The payment schedule of the latter option is 23 years without a grace period.

The terms reschedule ODA loans over 20 years with a grace period of 10 years.

The terms of all four include a three year grace period following initial drawdown and a seven year, interest free repayment period.

One suggestion was that the grace period should be longer than 20 or 30 days.

The prevailing view, however, was that a grace period would inadvertently result in inventory financiers withholding credit until the expiry of the grace period, since inventory was fungible and turned over so quickly that inventory financiers would be unable to monitor its movement.

The remainder would be rescheduled at market rates over 25 years with a five year grace period.

However, with the current pace of repatriation, most migrants will still be in Saudi Arabia when the grace period ends.

After discussion, it was agreed that the commentary should elaborate on the considerations for determining the length of the grace period and the recommendation should refer to a grace period that would be as short as possible under the circumstances prevailing in the enacting State.

Under one option, creditors write off 50 per cent of the eligible debt over a certain period and reschedule the rest at market rates, with a repayment period of 23 years including a grace period of six years.

Under these terms, consolidated concessional loans may be rescheduled over 20 years, with a 10 year grace period.

This option restructures the debt servicing due during the consolidation period at market rates, but reschedules it over 25 years with a 14 year grace period.

And of his fulness have all we received, and grace for grace.

A kind of grace.

Grace?

Grace.

After discussion, the Working Group decided that no grace period should be allowed for the registration of acquisition security rights in inventory.

Export credits and non concessional official loans can be rescheduled over 15 years including a grace period of up to eight years.

In response to a question, it was noted that recommendation 3, which allowed a grace period for the registration of acquisition security rights in both inventory and equipment, provided a super priority to the acquisition financier only over creditors that obtained a security right within the grace period.

Another suggestion was that the starting point of the grace period (i.e. the time of delivery of possession of the goods) should be further clarified.

From his fullness we all received grace upon grace.

And if by grace, then it is no longer of works otherwise grace is no longer grace. But if it is of works, it is no longer grace otherwise work is no longer work.

Hail Mary, full of grace

Thou Mother of Divine Grace.

By the grace of God.

By the grace of God!

Hail Mary, full of grace.

However, as not all creditors were authorized to permanently forgo debt servicing claims, there was also a non concessional option in which the debt could be rescheduled over 25 years with a 14 year grace period (interest on the deferred amounts remaining payable during the grace period).

And if by grace, then is it no more of works otherwise grace is no more grace. But if it be of works, then is it no more grace otherwise work is no more work.

Your Grace

Your Grace.

Grace Poole.

Your Grace...

Your Grace.

Your Grace.

Your Grace,

Your Grace.

Your Grace.

Your Grace.

Hello, Grace.

Bye, Grace.

Hi, Grace.

Grace Markway.

This is a season of grace.

Hail Mary, full of grace... Go!

By the grace of a saint.