Return Premium definition

Return Premium means, as of the date of any Triggering Event, an amount (which shall not be less than zero) equal to (a) the product of (x) the Initial Investment Amount as of such date, multiplied by (y) 0.50, minus (b) the aggregate amount of interest paid to the Lenders in cash on or prior to such date, if any, minus (c) the amount of returns received by the applicable Lenders (or their Affiliates) in cash with respect to Warrants held by the Lenders (or their Affiliates) on or prior to such date, if any, minus (d) the amount of any Return Premium Fee paid to the Lenders in cash on or prior to such date, minus (e) any principal amount of Term Loan representing PIK Interest that is paid to the Lenders on such date, if any. For the avoidance of doubt, the payment of the Return Premium shall be in addition to all principal paid, prepaid, or accelerated on the date of any such Triggering Event. The Return Premium shall be calculated by the Borrower in consultation with Required Lenders and the Administrative Agent and approved by the Required Lenders.
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Return Premium means, as of any date of determination, an amount equal to the sum (if positive) of: (a) Revenue-Based Cap, minus (b) all Revenue-Based Payments actually made in cash to Agent, for the benefit of Lenders, on or prior to such date, minus (c) the outstanding principal amount of the Loans as of such date. Revenue-Based Cap means, as of any date of determination, an amount equal to one and three-quarters (1.75) times the aggregate amount of the Term Loan actually advanced by Lenders pursuant to Section 2.2 hereof on or prior to such date. Revenue-Based Payment has the meaning set forth in Section 2.9.1(a).
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Return Premium means the aggregate amount of unearned premium attributable to the cancellation of Certificates for which Houston General has previously received payment of Net Premium.
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Examples of Return Premium in a sentence

  • Return Premium Calculations The COMPANY shall refund the unearned premium computed pro rata if this Bond is terminated by the COMPANY." 2.

  • Return Premium Calculations Any unearned premiums which have been paid by the ASSURED shall be refunded to the ASSURED on a pro rata basis if terminated by the COMPANY or the ASSURED.

  • Return Premium Calculations The COMPANY shall refund the unearned premium computed pro rata if this Bond is terminated by the COMPANY.” 2.

  • An "Abnormal Distribution" is defined as Special Cash Dividends, Return of Capital and Return Premium and other similar distributions and corporate actions.

  • Line 2: Amount of Returned Premiums - From the Return Supplement on page 3, enter the amount from Return Premium Column Total.

  • Section 627.191, F.S.-Failure to Audit Policy and Return Premium Timely.

  • The Special Return Premium is payable from the Funds Withheld Profit Sharing Account until depleted and thereafter from other funds of the Reinsurer.

  • If the difference is negative, Retrocedant shall promptly pay such difference to Retrocessionaire, provided however, that no payment will be required if the cumulative aggregate Return Premium for such Reinsurance Contract would be less than zero upon such payment.

  • The Special Return Premium is payable upon the final settlement of ceded Subject Ultimate Net Loss or Commutation, whichever occurs earlier.

  • Return Premium Notice:The charges detailed on this invoice include the brokerage/commission income earned by this office for the placement of the risk insured.


More Definitions of Return Premium

Return Premium. The premium, or a portion thereof, that is returned to the policyholder or cedent by an insurance/reinsurance company for some specific reason, e.g., the policy is cancelled, the policy benefits are reduced, or the policy premium is reduced. [***Confidential Treatment Requested***] [***Confidential Treatment Requested***]
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Return Premium means the aggregate amount of unearned Premium attributable to the cancellation/ void of Contracts for which COMPANY has previously received payment.
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Return Premium has the meaning set forth in Article 5.
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Return Premium means, as of any date of determination, an amount equal to the sum (if positive) of:
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Related to Return Premium

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Return Date means the date on which the Insured is scheduled to return to the point where the Trip started or to a different specified Return Destination. This date is specified in the travel documents.

  • return period means the period following expiry of the maximum parking stay in that parking place during which the driver shall not return the vehicle to the parking place;

  • Return Amount has the meaning specified in Paragraph 3(b).

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;