Loan Suspension Period definition

Loan Suspension Period means the period during which a Participant discontinues payments on a loan pursuant to Section 9.5(b)(i) and continuing until the earlier of (i) the termination of the Participant’s leave of absence or (ii) one (1) year.
Sample 1

Examples of Loan Suspension Period in a sentence

  • Liigand, Laaniste, & Kruve, 2017; Pieke, Granby, Trier, & Smedsgaard, 2017).

  • Following the Borrower’s Loan Suspension Period, the duration of the loan may, at the election of the Borrower, be extended to a period equal to the Loan Suspension Period, and during such extended term following the Loan Suspension Period, payments shall be made at the same rate as in effect at the commencement of the leave of absence.

  • In the event that an extension under Section 9.5(b)(i) would cause the term of a loan to exceed the maximum permitted term under Section 9.5(a), the Borrower shall be provided a revised repayment schedule with respect to the loan showing the increased amount of level repayment amounts required to be made following the Loan Suspension Period so that the loan shall be repaid during a period which shall not extend beyond such maximum permitted duration.

Related to Loan Suspension Period

  • Shelf Suspension Period See Section 3(a) hereof.

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Extension Period has the meaning specified in Section 3.12.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Covenant Suspension Event has the meaning assigned to such term in Section 4.19.

  • Grace Period Extension Date means, if:

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Subsequent Rate Period means, with respect to any Series of VMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Lockout Period if applicable, is defined in the Note.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Shelf Suspension shall have the meaning set forth in Section 3.2.4.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).