Financing Period definition

Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Financing Period means an initial period of one (1) year commencing on the date of this Agreement and thereafter successive periods of one (1) year each commencing upon completion of each prior Financing Period.

Financing Period shall have the meaning set forth in Section 2(b).

Examples of Financing Period in a sentence

• In addition, for any Product Advance with respect to which a Free Financing Period shall not be in effect, Customer shall pay a Free Financing Period Exclusion Fee.

• IBM Credit may modify the Product Financing Period set forth in Attachment A from time to time if on at least two occasions during any three-month period a Shortfall Amount has become due and payable and may modify the Collateral Insurance Amount set forth in Attachment A from time to time, in each case, by providing Customer with a new Attachment A.

• Each Financing Period shall automatically renew for an additional Financing Period unless Client or Summit provides written notice of non-renewal at least Sixty (60) days prior to the end of the current Financing Period.

• Upon expiration of the final Financing Period or any other termination, at the election of Summit, all outstanding Purchased Accounts will immediately be Chargeback Accounts and all amounts owing to Summit by Client pursuant to this Agreement shall, without notice of such election, accelerate and become immediately due and payable in full.

• The Interim Financing Order (and, following the expiration of the Interim Financing Period defined therein, the Permanent Financing Order) has been duly entered, is valid, subsisting and continuing and has not been vacated, modified, reversed on appeal, or vacated or modified by any order of the Bankruptcy Court (other than as consented to by Agent) and is not subject to any pending appeal or stay.

More Definitions of Financing Period

Financing Period means the period from the Closing Date to the Finalization Date (both dates inclusive);

Financing Period shall have the meaning set forth in Section 2.1.

Financing Period means the period of time between the date of this agreement and the day on which the Financing is completed.

Financing Period means the period of [***] from the Effective Date.

Financing Period means, with respect to a Financed Invoice, the period of time between the Financing Date and the date of its effective collection by the Factor, irrespective whether the effective collection takes place before or after the relevant Due Date or whether the payment is made by the Accepted Debtor or by the Adherent.

Financing Period means the period from the date on which the Lessor pays the Lease Item Purchase Price to the expiration of the period during which the Lessee leases the Lease Items under the Lease Agreement.

Financing Period means the period of ninety (90) days from the Effective Date.