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

• As another example, a cancellation that voids benefits paid up to a year before the cancellation is also a Rescission for this purpose.

• Rescission of Coverage Rescission is a cancellation or discontinuance of coverage that has a retroactive effect.

• Rescission is subject to 30 days' prior notification and is retroactive to the Effective Date.

• Following such rescission by the Issuer, the Securityholders may instruct the account holding bank to submit a duly completed redemption notice to the Paying Agent, either by filling in the relevant form available from the Paying Agent or by otherwise stating all information and declarations required on the form (the "Rescission Redemption Notice"), and to request repayment of the Issue Price against transfer of the Securities to the account of the Paying Agent with the Clearing System.

• The Issuer shall make available the Issue Price to the Paying Agent within 30 calendar days following receipt of the Rescission Redemption Notice and of the Securities by the Paying Agent, whichever receipt is later, whereupon the Paying Agent shall transfer the Issue Price to the account specified in the Rescission Redemption Notice.

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 or “to rescind” means a cancellation or discontinuance of coverage that has a retroactive effect.

Rescission means a written order of the Youth Parole Authority that rescinds a parole date.

Rescission means the Mortgagor’s exercise of any right to rescind the related Mortgage Note and related documents pursuant to applicable law.

Rescission. , in relation to a contract, means avoidance of the contract as from its beginning;

Rescission means a cancellation or discontinuance of coverage under the Plan that has a retroactive effect. In accordance with Section 2712 of the PHSA, rescission does not include a cancellation or discontinuance of coverage under the Plan if: (a) the cancellation or discontinuance of coverage has only a prospective effect; or (b) the cancellation or discontinuance of coverage is effective retroactively to the extent it is attributable to a failure to timely pay required premiums or contributions towards the cost of coverage; or (c) fraud.