Rescission definition

Rescission has the meaning specified therefor in Section 7(k).
Rescission or “to rescind” means a cancellation or discontinuance of coverage that has a retroactive effect. “Rescission” does not include a cancellation or discontinuance of coverage that has only a prospective effect or a cancellation or discontinuance of coverage that is effective retroactively to the extent it is attributable to a failure to timely pay required premiums or contributions towards the cost of coverage.
Rescission means a cancellation or discontinuance of coverage under a health benefit plan that has

Examples of Rescission in a sentence

  • Acceleration of Maturity; Rescission and Annulment 40 Section 5.03.

  • Agent agrees to use commercially reasonable efforts to rescind an Activation Instruction (the “Rescission”) if: (1) the Event of Default upon which such Activation Instruction was issued has been waived in writing in accordance with the terms of the Creditthis Agreement, and (2) no additional Event of Default has occurred and is continuing prior to the date of the Rescission or is reasonably expected to occur on or immediately after the date of the Rescission.


More Definitions of Rescission

Rescission means the right of a Mortgagor to rescind the related Note and related documents pursuant to applicable law.
Rescission means annulling the loan contract and, with
Rescission means the Mortgagor’s exercise of any right to rescind the related Mortgage Note and related documents pursuant to applicable law.
Rescission or “to rescind” means a cancellation or discontinuance of coverage that has a retroactive effect.
Rescission has the meaning set forth in Section 10.17.
Rescission. , in relation to a contract, means avoidance of the contract as from its beginning;
Rescission means a written order of the Youth Parole Authority that rescinds a parole date.