TERM OF THE CREDIT Sample Clauses

TERM OF THE CREDIT. The credit term as specified under Article 2 shall run from the effective date of this Agreement till January 24, 2010. When the credit period as specified above expires, if Party B intends to grant a further line of credit to Party A, both parties shall, through consultations, sign a supplementary agreement in writing, specifying the new line of credit and its credit period. Such supplementary agreement shall be an integral part of this Agreement and have the same legal effect as this Agreement. Matters not covered therein shall be governed by this agreement. The expiration of the credit period shall not affect the legal effect of this Agreement or cause the termination of this Agreement. Both parties shall continue to undertake the individual credit businesses undertaken under this Agreement before the expiration of the credit period subject to the provisions of this Agreement and applicable individual agreements and perform their obligations incurred before the expiration of the credit period.
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TERM OF THE CREDIT. The Credit is granted for a term of five years, i.e. until October 31, 2008.
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TERM OF THE CREDIT. The term of the Credit shall be the term specified on the Cover Page of this agreement, starting as of its execution. The above notwithstanding, the BANK may apply the provisions contained in the thirteenth clause for the drawdowns made pursuant to this agreement.
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TERM OF THE CREDIT. The Loan is granted for a term of 364 days from the date of execution of the present agreement.
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TERM OF THE CREDIT. THE CREDITED PARTY. May dispose of this credit up to the amount indicated in the first clause of the present legal act within a period of disposition that will expire on the day (last possible date of disposition, 12 twelve months before the contract expiration date) and will be made subject to the possibilities and availability of THE CREDITOR, through the subscription of one or several promissory notes in favor of THE CREDITOR, and whose due dates may not exceed the term of maturity of this credit, they must contain the characteristics indicated in article 170 of the General Law of Securities and Credit Operations, which represent the disposition(s) made of the credit THE CREDITED and whose delivery(s) will not be considered as payment. THE CREDITED STATE expressly authorizes THE CREDITOR to assign, negotiate, discount and rediscount the promissory notes derived from this credit, without implying any responsibility for THE CREDITOR. For each provision made by THE CREDITED STATE, it must subscribe a commercial promissory note, to the order of THE CREDITED STATE, up to the amount of the amount drawn down and in accordance with the terms of this Contract. This promissory note must also be signed by the GUARANTOR. The promissory note(s) shall constitute proof of the disposition of the credit. For each provision made by THE CREDITED STATE, it must subscribe a commercial promissory note, to the order of THE CREDITED STATE, up to the amount of the amount drawn down and in accordance with the terms of this Contract. This promissory note must also be signed by the SOLIDARITY 3 The content of that article appears in glossary in Annex A. OBLIGATORS in their capacity as guarantors. The promissory note(s) shall constitute proof of the disposition of the credit. Such promissory notes shall be of a causal type and consequently do not constitute novation, modification or extinction of the obligations that THE CREDITATOR has contracted in favor of THE CREDITOR in this Contract. THE CREDITOR is empowered to assign, discount or negotiate the promissory notes in the manner and terms that best suits its interests, expressly authorizing THE CREDITED and, where appropriate, THE SOLIDARY OBLIGATORS to THE CREDITOR, in accordance with the provisions of Article 299 of the General Law of Securities and Credit Operations. If for any reason this Contract is terminated, in the same terms THE CREDITOR or its holder may give up in advance the promissory notes proving the disposition ma...
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Related to TERM OF THE CREDIT

  • Term of the Contract A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • Term of the Company The existence of the Company commenced as of the date that the Certificate of Formation was filed with the Secretary of State of the State of Delaware and shall continue until dissolution thereof in accordance with the provisions of this Agreement.

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • Term of the Plan The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

  • TERM OF AGREEMENT AND RENEWAL The Agreement shall remain in effect from the date of execution hereof through the expiration of a one year period, and may be renewed upon the mutual consent of the Parties.

  • TERM OF COLLECTIVE AGREEMENT 1.01 Except where otherwise stated in this Collective Agreement, this Collective Agreement shall be in force and effect from and after the date upon which the Union and the Employer exchange notice of ratification by their respective principals of the terms of this Collective Agreement up to and including June 30, 2020 and from year to year thereafter unless notice, in writing, is given by either Party to the other Party not less than sixty (60) calendar days nor more than one hundred and twenty (120) calendar days prior to the expiration of its desire to amend this Collective Agreement.

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Insurance Term The Consultant shall procure and maintain for the duration of this Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees.

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