Common use of Transfer Grace Period Clause in Contracts

Transfer Grace Period. The Transfer Grace Period is a specified number of calendar days following the transfer of a Registered NameItem according to Part A of the ICANN Policy on Transfer of Registrations between Registrars. The current value of the Transfer Grace Period is five (5) calendar days. If a Delete, Renew/Extend, or Transfer occurs within that five calendar days, the following rules apply: (a) Delete. If a Registered NameItem is deleted within the Transfer Grace Period, the sponsoring Registrar at the time of the deletion receives a credit of the transfer fee. The Registered Name is deleted from the Registry database and is immediately available for registration by any Registrargoes into the Redemption Grace Period. A Defensive Registration or a NameWatch Registration is deleted from the Registry database and is immediately available for registration by any Registrar. See Section