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.
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Applicable Grace Period means two Business Days.
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Applicable Grace Period has the meaning set forth in Section 10.3.
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Examples of Applicable Grace Period in a sentence

  • Credit Events: The following Credit Event(s) shall apply to this Note: Failure to Pay Grace Period Extension: Applicable Grace Period: 30 calendar days Payment Requirement: USD1,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Grace Period Extension: Applicable Grace Period: 30 calendar days Mod Mod R: Applicable Payment Requirement: US$1,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable Default Requirement: US$10,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Credit Event.

  • Specified Number: Two Credit Events: Bankruptcy Failure to Pay Restructuring Mod Mod R: Applicable Grace Period Extension: Not Applicable Obligations: The Reference Obligation and any other obligation of the Reference Entity (either directly or as provider of any Qualifying Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee) as described in accordance with the Obligation Category and Obligation Characteristics set out below.

  • Underlying Linked Notes Provisions:Applicable – the Notes are Credit Linked Notes and the provisions in Underlying Schedule 1 - Credit Linked Conditions apply Failure to PayGrace Period Extension: Applicable Grace Period: Credit Condition 7 appliesObligation Acceleration Repudiation/Moratorium RestructuringProvisions relating to Multiple Holder Obligation: Credit Condition 2 (l): Not ApplicableProvisions relating to Restructuring Credit Event: Credit Condition 2 (k): Applicable II.

  • For the avoidance of doubt, pursuant toparagraph (b) of Part 5 of the Schedule to the ISDA Agreement, Dali will be the Affected Party in respect of such Early Termination Date.Section 5(a)(i) shall be amended by the deletion of the words “the third Local Business Day” and their replacement with the words “day falling the Applicable Grace Period (as such term is defined in the terms and conditions of the relevant Notes)”.

  • Grace Period Extension: Applicable Grace Period: 30 calendar daysPayment Requirement: US$1,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicableMultiple Holder Obligation: Not ApplicableDefault Requirement: US$10,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Credit Event.

  • Grace Period Extension: Applicable Grace Period: 30 calendar days Payment Requirement: US$1,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable Default Requirement: US$10,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Credit Event.

  • Financial Reference Entity Terms:Applicable(j) Reference Entity Notional Amount:Principal Amount per Note(k) All Guarantees:Applicable(l) Reference Price:100%(m) Credit Events:Bankruptcy Failure to PayGrace Period Extension: Applicable Grace Period: 3 (three) Business DaysPayment Requirement: None Specified.

  • Grace Period Extension: Applicable Grace Period: 30 calendar days Payment Requirement: US$1,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable Multiple Holder Obligation: Not Applicable Default Requirement: US$10,000,000 or its equivalent in the relevant Obligation currency as of the occurrence of the relevant Credit Event.

  • Financial Reference Entity Terms:Applicable(j) Reference Entity Notional Amount:Principal Amount per Note(k) All Guarantees:Applicable(l) Reference Price:100%(m) Credit Events:Bankruptcy Failure to PayGrace Period Extension: Applicable Grace Period: 3(three) Business DaysPayment Requirement: None Specified.


More Definitions of Applicable Grace Period

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.
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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.
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Related to Applicable Grace Period

  • Grace Period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits such as waiting periods and coverage of pre-existing diseases. Coverage is not available for the period for which no premium is received.

  • 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.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Grace Period Extension Date means, if:

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Blackout Period shall have the meaning set forth in Section 3(n).

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Payback Period means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate, shall have the right to directly perform, provide and be compensated for any services under this Lease. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties.

  • Shelf Suspension Period See Section 3(a) hereof.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • STIPULATED HOURS OF SERVICE PER DAY means hours of duty per day, normal hours/timings of duty whereof shall be determined by the Company's Engineer for which fixed charge shall be payable.

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 1997-1) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Applicable Par Call Date means, (i) with respect to the 2031 Notes, September 15, 2031 (three months prior to the stated maturity date of such 2031 Notes) and (ii) with respect to the 2051 Notes, June 15, 2051 (six months prior to the stated maturity date of such 2051 Notes).

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Applicable Wages means the basic straight time wages for all hours worked, including: