Common use of Termination of the Loan Clause in Contracts

Termination of the Loan. Unless otherwise agreed or provided herein, either party may terminate a Loan on a termination date established by notice given to the other party. Unless an earlier date is agreed by the parties, the termination date established shall be the next calendar day following such notice. 7.5.1. Notwithstanding Clause 7.5 and unless otherwise agreed, Borrower may terminate a Loan on calendar day, effective as of such calendar day, by transferring the Loaned Cryptocurrency to Lender on such day. 7.5.2. Unless otherwise agreed, Borrower shall, on or before 6 p.m. on the termination date of a Loan, transfer the Loaned Cryptocurrency to Lender; provided, however, that upon such transfer by Xxxxxxxx, Lender shall transfer the Collateral (as adjusted pursuant to Clause 7.4) to Borrower in accordance with Clause 7.2.1 hereof.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

AutoNDA by SimpleDocs

Termination of the Loan. Unless otherwise agreed or provided herein, either party may terminate a Loan on a termination date established by notice given to the other party. Unless an earlier date is agreed by the parties, the termination date established shall be the next calendar day following such notice.notice.β€Œ 7.5.1. Notwithstanding Clause 7.5 and unless otherwise agreed, Borrower may terminate a Loan on calendar day, effective as of such calendar day, by transferring the Loaned Cryptocurrency Cryptocurrency/Fiat Funds to Lender on such day. 7.5.2. Unless otherwise agreed, Borrower shall, on or before 6 p.m. on the termination date of a Loan, transfer the Loaned Cryptocurrency Cryptocurrency/Fiat Funds to Lender; provided, however, that upon such transfer by Xxxxxxxx, Lender shall transfer the Collateral (as adjusted pursuant to Clause 7.4) to Borrower in accordance with Clause 7.2.1 hereof.

Appears in 1 contract

Samples: Framework Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!