Free Flooring Period Sample Clauses

Free Flooring Period. A loan by Textron Financial to a Builder under an inventory line of credit to finance the acquisition of a Home by such Builder from the Company, shall be interest free to such Builder for a period not to exceed 90 days (the "Free Flooring Period") to be designated by the Company. In lieu of interest being paid to Textron Financial during the Free Flooring Period, Company agrees that Textron Financial shall discount each Invoice paid by 150 basis points. In the event the Prime Rate (as defined below) shall exceed
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Related to Free Flooring Period

  • Lease Period The lease period of the Finance Lease Agreement I is 24 months, which commenced on September 28, 2021. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on August 29, 2022.

  • Clean-Up Period (a) Notwithstanding any other provision of any Finance Document:

  • Cooling Off Period You may terminate this Contract with immediate effect at any time within the period of 14 days after the date this Contract is entered into without incurring any liability to DFMC.

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

  • Break Period All employees working in full time (7 or 7.5 hour) positions shall be permitted a fifteen (15) minute rest period both in the first half and the second half of a shift.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Issuance Period Shelf Notes may be issued and sold pursuant to this Agreement until the earlier of (i) the third anniversary of the date of this Agreement (or if such anniversary date is not a Business Day, the Business Day next preceding such anniversary) and (ii) the thirtieth day after Prudential shall have given to the Company, or the Company shall have given to Prudential, a written notice stating that it elects to terminate the issuance and sale of Shelf Notes pursuant to this Agreement (or if such thirtieth day is not a Business Day, the Business Day next preceding such thirtieth day). The period during which Shelf Notes may be issued and sold pursuant to this Agreement is herein called the “Issuance Period”.

  • Xxxxx Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the pay- ment of any Dues due. During this grace period, the Agreement will remain in force. However, the Sub- xxxxxxx will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • Holding Period For the purposes of Rule 144, the Company acknowledges that the holding period of the Note may be tacked onto the holding period of the Exchange Securities, and the Company agrees not to take a position contrary to this Section 4.1.

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