Term Deal definition
Term Deal means a Loan with a pre-determined Maturity Date, where only Borrower can return the Borrowed Asset prior to maturity.
Term Deal means a Loan with a pre-determined Maturity Date, where only Borrower can return the Digital Currency and/or Dollars prior to maturity.
Examples of Term Deal in a sentence
In the event of a termination of this Agreement as set forth in this provision, (i) all outstanding Open Deal Loan(s) shall be deemed terminated and any loaned Borrowed Asset shall be redelivered immediately and any fees owed shall be payable immediately, and (ii) all outstanding Term Deal Loans shall continue until the relevant Maturity Date for such Loan(s).
For the avoidance of doubt, in the event of a termination of this Agreement due to an Event of Default or Termination Event, all Open Deal and Term Deal Loans shall be deemed terminated, all Borrowed Assets and Collateral shall be redelivered/repaid immediately, and any fees owed shall be payable immediately.