Common use of Loan Period Clause in Contracts

Loan Period. The term “Loan Period” shall mean the ten-year period beginning on the Project Start Date, unless the Loan Recipient requests to extend the term of the Loan Period pursuant to Section 4.8 and Section F of Article VII of the Loan Administration Policy and the Intellectual Property and Industry Subcommittee agrees, in which case “Loan Period” shall mean the period as so extended pursuant to the terms set forth herein.