Loan Grace Period definition
Loan Grace Period means 90 days following the due date of a Participant’s scheduled repayment of his or her Plan loan, or, to the extent that the Committee has designated a shorter Loan Grace Period under Section 7.3(f) of Schedule A, the Loan Grace Period as set forth in Section 7.3(f) of Schedule A.
Examples of Loan Grace Period in a sentence
For the avoidance of doubt, Success Fee shall not be paid by the Borrower during the Loan Grace Period unless the Borrower voluntarily elects to prepay some or all of the Loan Amount in that month ahead of schedule specified in 4.1.