Term Sheet

Definition:

1. The supplemental terms and conditions to a Commitment Letter, including information on the Bridge Facility and Senior Secured Credit Facilities.

2. A document setting out the main terms on which parties to a transaction propose to contract. Also referred to as a letter of intent (or LOI), Heads of Terms, and memorandum of understanding (or MOU). Though not usually intended to be legally binding, Term Sheets indicate the parties’ intent.

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