Term, Maturity. The Term of this Agreement will commence on the Effective Date and expire on the Maturity Date. On the Maturity Date: (a) all obligations of the Ally Parties to provide Inventory Financing under this Agreement or otherwise, will cease, and (b) all unpaid Wholesale Outstandings, Interest, Principal Reductions, Late Charges, Other Charges, costs, expenses, fees, and any other payment obligations due and unpaid under this Agreement are due and payable. Notwithstanding the expiration of the Term, Dealership will continue to comply with the terms and conditions of this Agreement until all Obligations arising under this Agreement are paid in full to the Ally Parties in good funds.
Term, Maturity. The Term of this Agreement shall expire on the Maturity Date. On the Maturity Date: (a) all obligations of the Ally Parties to provide Inventory Financing, under this Agreement or otherwise, cease, and (b) all Obligations are immediately due and payable. Notwithstanding the expiration of the Term, the Dealership and Vroom shall continue to comply with the terms and conditions of this Agreement until all Obligations are indefeasibly paid in full to the Ally Parties in good funds.
Term, Maturity. Either party may decline this agreement’s renewal upon its term maturity by notifying the other party at least 6 months prior to such date.
Term, Maturity. The Proposed Loan must have a term of not less than 5 years (i.e., the maturity date of the Proposed Loan must not occur, absent acceleration due to default, prior to the date which is 5 years after the first funding of the Proposed Loan). Proposed Lender must have no right to "call" (i.e., accelerate without cause) the Proposed Loan without at least nine months' prior written notice and in no event prior to the end of the 5th year.
Term, Maturity. Maker shall repay the principal amount of the Note in full on the date that is 60 calendar days after the date hereof, or such later date if the term of the Note is extended pursuant to this Section 3 (the "MATURITY DATE"), together with any accrued and unpaid interest thereon. The members of the Board of Directors of the Company who are not members of the Xxxxxxx Family and who are not employed to act as a professional advisor to the Xxxxxxx Family, may, in their sole discretion, extend the Maturity Date of the Note for one or more additional 60 calendar day periods that will begin concurrently with the expiration of the then-current term; PROVIDED, HOWEVER, that if (a) the Federal Reserve Board rejects Xxxxxx's purchase of Preferred Stock and Lender cannot assign this Note pursuant to the terms of SECTION 9 of this Note (a "REJECTION") or (b) Maker and Lender jointly agree in writing, in their sole discretion, that it is more likely than not that Federal Reserve Board approval of Xxxxxx's purchase of Preferred Stock will not be received (an "AGREED ACTION"), then the Maturity Date shall be the next business day following such Rejection or Agreed Action. The date, if any, upon which any then current 60 calendar day term expires and a new 60 calendar day term commences is referred to as an "EXTENSION DATE." The time period from the date hereof to the Maturity Date is referred to as the "NOTE TERM."
