Signed and Dated by Buyer: Signed and Dated by Buyer's Mandate: National Letter of Intent (NLI) _ 7 Things You Should Know. With the early signing period approaching, many student_athletes and their families will be asked to sign a National Letter of Intent (NLI) document. Here are 7 things you should know about the NLI: The NLI is a binding agreement between the institution and the student_athlete _ The athlete agrees to attend the institution full_time for one academic year and the institution agrees to provide athletic financial aid for one full academic year.
G. Terms of the transaction_Examples: All Cash at Closing... or Ūꯠꯠ Cash and 趚ꯠ Promissory Note at Closing. H. Information pertaining to any lease to be entered into by the buyer. Example: Buyer and Seller agree to enter into a triple net lease with an original term of 10 years and three five_year options. Annual increases in the lease rate will be the lesser of CPI or 2Ǒ% of prior year's rent. Again, the LOI is not drafting the lease. It is only establishing the primary terms.