Common use of Term of the Loan Clause in Contracts

Term of the Loan. The term of the Loan shall be ten (10) years from the date of this Agreement, which may be extended upon mutual written consent of the Parties (the “Term”).

Term of the Loan. The Unless otherwise agreed by the Parties, the term of the Loan shall be ten (10) 10 years from the effective date of this Agreement, which may be extended upon mutual written consent of the Parties (Parties. During the “Term”).term of the Loan or the extended term of the Loan, the Borrower shall immediately repay the full amount of the Loan in the event that any of the following circumstances occur: