Examples of Initial Term Date in a sentence
If you have repaid at least 75% of the Loan Amount on or prior to the Initial Term Date, the Bank will forgive the remaining balance of the Loan Amount as of the Initial Term Date provided that an Event of Default has not occurred.
The CEBA Loan can be repaid at any time without penalty and, if at least 75% of the CEBA Loan is paid prior to the Initial Term Date, the remaining balance of the CEBA Loan will be forgiven.
The CEBA Loan is non-revolving, with an interest rate being 0% per annum prior to the Initial Term Date and 5% per annum thereafter during any extended term, which is calculated daily and paid monthly.
The CEBA Loan is non- revolving, with an interest rate of 0% per annum prior to the Initial Term Date.
The CEBA Loan is non-revolving, with an interest rate being 0% per annum prior to the Initial Term Date and 5% per annum.
If the Board decides to amend or terminate the Agreement, it must notify the Executive within the (30) days prior to the applicable anniversary of the Effective Date, provided that the Board may not notify the Executive of any amendment or termination of the Agreement earlier than the thirty (30) days prior to the fourth anniversary of the Effective Date or amend or terminate the Agreement prior to the Initial Term Date.
Notwithstanding the foregoing, this Agreement may be terminated prior to or after the Initial Term Date pursuant to Section 4, 5, 6, 7, 8 or 9 of this Agreement.
The initial term of this Agreement, as set forth on the signature page hereto, extends from the Start Service Date to such End of Initial Term Date as Customer and COMPS agree to, plus, it so agreed by Customer and COMPS, an additional period of 12, 24 or 36 months, as indicated on the order page of the Agreement.
The first day of the month following the End of Initial Term Date or (if applicable) following the agreed-upon additional period is the "Renewal Date." If no Renewal Date or End of Initial Term Date appears on the order page of the Agreement, then the term of the Agreement will be deemed to be 24 months from the Start Service Date.
Any P Shares that are not vested, and that do not become vested pursuant to Section 2, shall be forfeited upon termination of Continuous Service (subject to the Participant’s right to become vested during the Post-Termination Period in Section 2(b)(i)) or on the Initial Term Date, if earlier, without any payment to the Participant.