Initial Term Date definition
Examples of Initial Term Date in a sentence
If you have repaid at least 75% of the Loan Amount on or prior to the Initial Term Date, the Bank will forgive the remaining balance of the Loan Amount as of the Initial Term Date provided that an Event of Default has not occurred.
If the Board decides to amend or terminate the Agreement, it must notify the Executive within the (30) days prior to the applicable anniversary of the Effective Date, provided that the Board may not notify the Executive of any amendment or termination of the Agreement earlier than the thirty (30) days prior to the fourth anniversary of the Effective Date or amend or terminate the Agreement prior to the Initial Term Date.
Notwithstanding the foregoing, this Agreement may be terminated prior to or after the Initial Term Date pursuant to Section 4, 5, 6, 7, 8 or 9 of this Agreement.
The agreement to use the Hosting Service or Payment Gateway shall be for a minimum period of 12 months (Initial Term), after which time it shall continue for consecutive 12 month rolling periods unless terminated by the Customer giving no less than 3 months’ notice prior to each anniversary of the Initial Term Date.
Customer may only terminate this Agreement effective on the Renewal Date or on each successive anniversary thereof or, if no Renewal Date has been agreed to, on the End of Initial Term Date or on each successive anniversary thereof by providing written notice, by certified mail, to COMPS at least 30 days prior to such applicable Renewal Date, End of Initial Term Date or anniversary of such date.
If you have repaid at least $40,000 of the Loan Amount on or prior to the Initial Term Date, the Credit Union will forgive the remaining balance of the Loan Amount as of the Initial Term Date provided that an Event of Default has not occurred.
The initial term of this Agreement, as set forth on the signature page hereto, extends from the Start Service Date to such End of Initial Term Date as Customer and COMPS agree to, plus, it so agreed by Customer and COMPS, an additional period of 12, 24 or 36 months, as indicated on the order page of the Agreement.
Any repayments that you make, including repayments on or prior to the Initial Term Date, cannot be re-borrowed.
The employment of Executive pursuant to this Agreement shall commence as of the Commencement Date and shall end on December 31, 2005 (the "Initial Term Date"), unless sooner terminated pursuant to Section 7.
Hyperion agrees to continue Employee's Employment, and Employee agrees to remain in Employment with Hyperion, from the Effective Date until the earlier of the Initial Term Date or Renewal Period, or the date when Employee's Employment terminates according to section 4, below.