Grace Period means the period commencing on the date on which this Agreement becomes effective and ending on the date 60 months after the date on which this Agreement becomes effective, during which period only the interest and no principal is payable by the Borrower to the Lender. The Grace Period includes the Availability Period.
Grace Period means the period commencing on the date of Notice of Commencement of Disbursement Period and ending on the date falling 60 months thereafter, during which period only the interest and no principal is payable by the Borrower to the Lender; “Insurance Company” means China Export & Credit Insurance Corporation, an insurance company established and existing under the laws of China, having its registered office at Fortune Times Building, 00 Xxxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, 000000, Xxxxx; “Insurance Policy” means the policy issued or to be issued by the Insurance Company; “Insurance Premium” means the total amount of SIX MILLION NINE HUNDRED AND SEVENTY THOUSAND FOUR HUNDRED AND THREE EUROS AND SEVENTY SEVEN EURO CENTS (EUR 6,970,403.77) payable by the Borrower to the Insurance Company, under the terms of the Insurance Policy and the debit note issued by the Insurance Company to the Borrower; “Interest Payment Date” means, the May 15 and November 15 in each calendar year and the Final Repayment Date; “Interest Period” means, in relation to the Loan, any period determined in accordance with Article 6.2 and, in relation to the overdue amount, any period determined in accordance with Article 6.9; “Loan” means the aggregate principal amount disbursed and from time to time outstanding under the Facility; “Finance Documents” means this Agreement, and any other document which may have been or may hereafter be executed in connection with this Agreement; “Ministry of Finance” means the Ministry of Finance of the Republic of Serbia or any successor thereto; “Month” means a period commencing on a specific day in any calendar month and ending on and including the day immediately preceding the numerically corresponding day in the next succeeding calendar month, provided that if there is no such numerically corresponding day in the next succeeding calendar month, such period shall expire on and including the last day of such next succeeding calendar month, and references to “Months” shall be construed accordingly; “NBS” means the central bank of the Republic of Serbia (Narodna banka Srbije); “Notice of Commencement of Disbursement Period” means a written notice in the form set forth in Form 1 attached hereto; “Notice of Drawdown” means a notice in the form set forth in Form 3 attached hereto; “Notice of Effectiveness of Loan Agreement” means a written notice in the form set forth in Form 8 (Form of Notice of Effectiveness of Loan Agreement) attached hereto, in which th...
Examples of Grace Period in a sentence
Following expiry of the Grace Period, the Borrower shall repay the Lender the principal amount of the Facility in eight (8) semi-annual instalments, due and payable on each Payment Date.