Applicable Grace Period definition

Applicable Grace Period means, (x) except in the case of a Broadly Syndicated Loan, 30 days, or (y) in the case of a Broadly Syndicated Loan, five days if the Servicer shall have determined in good faith that the applicable payment default was the result of administrative error, force majeure or other reasons unrelated to the creditworthiness of the Obligor, and otherwise zero days.
View Source
Applicable Grace Period means two Business Days.
View Source
Applicable Grace Period means a period of time, if any, with respect to any event or circumstance which is a breach, default or violation under one or more Loan Documents for which a notice, grace or cure period is given under such Loan Document(s), the period (A) commencing on the date such event or circumstance first occurred and (B) ending on the date such notice, grace or cure period would have expired had no cure been effected.
View Source

More Definitions of Applicable Grace Period

Applicable Grace Period has the meaning set forth in Section 10.3.
View Source
Applicable Grace Period means the applicable grace period designated in Section 15.1 of the Master Lease prior to the declaration of an “Event of Default” by Landlord thereunder, less, in the case of an event described in Section 15.1(g) of the Master Lease, two (2) business days; provided, however, if no grace period is provided for prior to the declaration of an “Event of Default” under the Master Lease, there shall be deemed to be no Applicable Grace Period.
View Source

Related to Applicable Grace Period

  • Grace Period means the 30-day period following expiration of a license when the license is still considered to be active. In order to renew a license during the grace period, a licensee is required to pay a late fee.

  • Allowable Grace Period shall have the meaning assigned to such term in Section 3(p).

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Applicable Period See Section 2(b) hereof.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.