BINDING TERM SHEET Clause Samples
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BINDING TERM SHEET. This Term Sheet shall bind and inure to the benefit of the respective successors and permitted assigns of each of the parties signatory hereto; provided, however, that neither this Term Sheet nor any rights, benefits, obligations or duties hereunder may be assigned, transferred, hypothecated or otherwise conveyed by any Loan Party without the prior express written consent of Agent and the Required Lenders. Any such purported assignment, transfer, hypothecation or other conveyance by any Loan Party without the prior express written consent of Agent and the Required Lenders shall be void.
BINDING TERM SHEET. This Binding Term Sheet (“Term Sheet”), entered into on May 12, 2025 (the “Effective Date”), by and between ▇▇▇▇ Holdings, Inc., a Delaware corporation (“Buyer” or “▇▇▇▇” or the “Company”) and [***] (“[***]”, the “Target” or “Business”) and sets forth the key terms and conditions of a proposed transaction to be memorialized in an Merger Agreement or Share Exchange Agreement (the “Transaction Agreement”) or similarly situated document(s) necessary to achieve the purposes described herein (collectively, the “Definitive Agreements”). Each of ▇▇▇▇ and the Target are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
BINDING TERM SHEET. Reference is made to that certain Loan, Guaranty and Security Agreement dated as of December 1, 2021, by and among TeraWulf Inc., a Delaware corporation (“Borrower”), the Guarantors (as defined in the Loan Agreement (as defined below)) party thereto, the Lenders (as defined in the Loan Agreement (as defined below)) party thereto, and Wilmington Trust, National Association, a national banking association, in its capacity as administrative agent and collateral agent for the Lenders (in such capacities, and together with its successors and assigns in such capacities, “Agent”) (as amended by the First Amendment to Loan, Guaranty and Security Agreement dated as of July 1, 2022, the Second Amendment to Loan, Guaranty and Security Agreement, Consent and Amendment to First Amendment dated as of August 26, 2022, the Third Amendment to Loan, Guaranty and Security Agreement dated as of October 7, 2022, and the Fourth Amendment to Loan, Guaranty and Security Agreement dated as of January 6, 2023, the “Loan Agreement”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Loan Agreement. ▇▇▇▇▇▇▇▇ has requested, and the Lenders party to this binding term sheet (“Term Sheet”) have agreed, to make certain amendments to the Loan Agreement via a Fifth Amendment thereto (the “5th Amendment”), as set forth in this Term Sheet, subject to the terms and conditions set forth herein, in the 5th LGSA Amendment and in the Loan Agreement.
BINDING TERM SHEET. This Binding Term Sheet (“Term Sheet”), entered into on July 1, 2025 (the “Effective Date”), by and between B▇▇▇ Holdings, Inc., a Delaware corporation (“Buyer” or “B▇▇▇” or the “Company”), [***] (“[***]”, the “Target” or “Business”), and the members of [***] listed on the Schedule A attached hereto (the “Members” or the “Sellers” and together with Target, the “Selling Parties”) and sets forth the key terms and conditions of a proposed transaction to be memorialized in an Merger Agreement or Share Exchange Agreement (the “Transaction Agreement”) or similarly situated document(s) necessary to achieve the purposes described herein (collectively, the “Definitive Agreements”). Each of B▇▇▇ and the Selling Parties are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”