{
  "$schema": "http://json-schema.org/draft-04/schema#",
  "$anchor": "cdm.observable.event",
  "type": "object",
  "title": "GracePeriodExtension",
  "properties": {
    "applicable": {
      "description": "Indicates whether the grace period extension provision is applicable.",
      "type": "boolean"
    },
    "gracePeriod": {
      "description": "The number of calendar or business days after any due date that the reference entity has to fulfil its obligations before a failure to pay credit event is deemed to have occurred. ISDA 2003 Term: Grace Period.",
      "$ref": "cdm-base-datetime-Offset.schema.json"
    }
  },
  "required": [
    "applicable"
  ]
}