Origination Term definition
Origination Term means (i) with respect to the Term Loan, a term, in months, equal to the number of Monthly Payments required to be made after the Closing Date through the Maturity Date, assuming no prepayment, and (ii) with respect to the DLOC, a term, in months, equal to the number of DLOC Monthly Payments required to be made after the DLOC Term Out Date through the Maturity Date, assuming no prepayment.
Origination Term means the period commencing on the Effective Date and extending for three (3) years, unless extended for two additional one-year periods by Company, or sooner terminated as provided herein.
Examples of Origination Term in a sentence
Contractor shall undertake and perform for Company during the (i) Transition Term the services described in Exhibit B-1, (ii) Servicing and Asset Management Term, the services described in Exhibit B-2, and (iii) during the Origination Term the services described in Exhibit B-3 (collectively, the “Scope of Services” or “Services”).