Grace Account definition

Grace Account is to refer to the promissory notes collectively of an individual Student Loan Borrower (1) with respect to which the Borrower has ceased to be enrolled in an eligible institution on at least a half-time basis, and (2) under the terms of which the repayment period has not yet commenced.
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Grace Account is to refer to the Credit Agreements collectively of an individual Borrower (1) with respect to which the Borrower has ceased to be enrolled at an eligible institution, and (2) under the terms of which the repayment period has not yet commenced.
Sample 1Sample 2Sample 3

Examples of Grace Account in a sentence

  • AHUMADA, David, Electrician, Facilities Services, 100%, 12 months, effective March 1, 2011 AN, Grace, Account Clerk II, Accounting Office, 100%, 12 months, effective February 17, 2011 SERRATO, Melissa, Clerk Typist III, Government & Community Relations, 100%, 12 months, effective April 5, 2011 VALDEZ, Giancarlo, Registration Clerk, Admissions & Records, 47.5%, 12 months, effective March 7, 2011 The following employees are hired in the designated capacity.

  • While such costs can be “backed into,” as demonstrated by Ms. Grace, Account 904 costs in Staff’s rates were not consistent with the costs reflected in Staff’s own revenue requirement.

  • On November 18, 2014, one day after the sale of the Geary Property, Ms.Gao paid a check to herself in the amount of $8.5 million from the HK Grace Account.

  • ExampleAccount relationship 1 : Charles Principal account holder: CharlesAccount relationship 2 : Tracy & Grace Principal account holder : Tracy Secondary account holder : Grace Account relationship 3 : Charles & Tracy Principal account holder : Charles Secondary account holder : TracyTRB is only applicable to you when you are a principal account holder.

  • Servicing Fees Price Per Loan 1.1 Enrolled Account 1.2 Grace Account 1.3 Deferred Account 1.4 Repayment Account – Primary – Monthly Billing Repayment account – Primary - Quarterly Billing 1.5 Repayment Account – Secondary 1.6 Paid-in-Full Account 1.7 Assigned Account 1.8 Form 1098E IRS Reporting 1.9 Form 1098E to Borrower 1.10 Consolidation Process 2.

Related to Grace Account

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Note Account As defined in the Indenture.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Accounts As defined in Section 3.10(a).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Holding Account means an account:

  • Investment Account As defined in Section 3.12(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).