Common use of Overlapping Grace Periods Clause in Contracts

Overlapping Grace Periods. If an operation is performed that falls into more that one grace period, the actions appropriate for each grace period apply (with some exceptions as noted below). • If a domain is deleted within the Add Grace Period and the Renew Grace Period, then the Registrar is credited the registration and renew amounts, taking into account the number of years for which the registration and renew were done. The domain is deleted from the Registry database and is immediately available for registration by any Registrar. • If a domain is auto-renewed, then extended, and then deleted within the Renew Grace Period, the registrar will be credited for the Auto-Renew and the number of years for the extension. The years that were added to the Registered Name’s expiration as a result of the auto-renewal and extension are removed.The deleted Registered Name is moved to the Redemption Grace Period (that is, to the PendingDelete status). Overlap Exception • If a domain is deleted within one or several Transfer Grace Periods, then only the current sponsoring Registrar is credited for the transfer amount. For example if a domain is transferred from Registrar A to Registrar B and then to Registrar C and finally deleted by Registrar C within the Transfer Grace Period of the first, second and third transfers, then only the last transfer is credited to Registrar C. • If a domain is extended (through the EPP command "Renew") within the Transfer Grace Period, then the current Registrar's account is charged for the number of years the registration is extended.

Appears in 3 contracts

Samples: Biz Agreement, Biz Agreement, Escrow Agreement

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Overlapping Grace Periods. If an operation is performed that falls into more that one grace period, the actions appropriate for each grace period apply (with some exceptions as noted below). • If a domain is deleted within the Add Grace Period and the Renew Grace Period, then the Registrar is credited the registration and renew amounts, taking into account the number of years for which the registration and renew were done. The domain is deleted from the Registry database and is immediately available for registration by any Registrar. • If a domain is auto-renewed, then extended, and then deleted within the Renew Grace Period, the registrar will be credited for the Auto-Renew and the number of years for the extension. The years that were added to the Registered Name’s expiration as a result of the auto-renewal and extension are removed.The deleted Registered Name is moved to the Redemption Grace Period (that is, to the PendingDelete status). Overlap Exception • If a domain is deleted within one or several Transfer Grace Periods, then only the current sponsoring Registrar is credited for the transfer amount. For example if a domain is transferred from Registrar A to Registrar B and then to Registrar C and finally deleted by Registrar C within the Transfer Grace Period of the first, second and third transfers, then only the last transfer is credited to Registrar C. • If a domain is extended (through the EPP command "Renew") within the Transfer Grace Period, then the current Registrar's ’s account is charged for the number of years the registration is extended.

Appears in 1 contract

Samples: Registry Agreement (Neustar Inc)

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