Grace Period definition

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 preexisting diseases. Coverage is not available for the period for which no premium is received.

Grace Period means the 30-day period following expiration of a license when the license is still considered to be active. In order to renew a license during the grace period, a licensee is required to pay a late fee.

Grace Period as used in subsection (b) hereinabove means the period prior to the first Principal Payment Date in accordance with the amortization schedule set forth in Schedule 2 to this Loan Agreement.

Examples of Grace Period in a sentence

• You should consult the current version of the statute and regulations (http://www.oehha.ca.gov/prop65/law/index.html) to determine all applicableexemptions, the most common of which are the following: Grace Period.

• If there are no players at the field at game time, the game will be canceled and there will be NO Grace Period.

• This means that if a required Premium is not paid on or before the date it is due, it may be paid during the following Grace Period.

• The Enrolling Group may apply for reinstatement of the Policy that terminated due to failure to pay the Premium by the end of its Grace Period.

• Terms of Loan– Interest Rate– Maturity (number of years)– Grace Period (number of years)Pool-based variable lending rate, and a commitment charge of 0.75% per annum with a repayment period of 15 years including a grace period of 3 years.

More Definitions of Grace Period

Grace Period shall have the meaning assigned to such term in Section 11(a).

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 means the time granted by the insurer from the due date for the payment of premium, without any penalty / late fee, during which the policy is considered to be in-force with the risk cover without any interruption as per the terms of this policy.

Grace Period. The number of days before a payment default is an event of default under the related Mortgage Loan.

Grace Period means a period of 15 (Fifteen) days from the due date of the unpaid Premium for monthly Premium payment mode and 30 (Thirty) days from the due date of unpaid Premium for all other Premium payment modes;

Grace Period shall have the meaning set forth in Section 2(e).

Grace Period means the period of time afforded under N.J.S.A. 13:1D-125 et seq., commonly known as the Grace Period Law, for a person to correct a minor violation in order to avoid imposition of a penalty that would be otherwise applicable for such violation.