Premium Amounts. Upon placing an Order for an Option Contract, AFEX may require, in its sole discretion, Client to pay to AFEX a Premium. Should Client fail to pay any Premium within 24 hours of AFEX’s demand, or within such other time as otherwise specified by AFEX, AFEX may, in its sole discretion, cancel the Option Contract or complete the Order. In such circumstances, Client will be liable to AFEX for any Losses but will not be entitled to any profit.
Premium Amounts. The amount of the premiums for all insurance provided under this Agreement for Professional Association shall be included, as expense to Professional Association.
Premium Amounts. Exhibit B to this agreement states the premium rates for the Participating Entity for the plan year initially covered by this agreement, which includes the period from to . Participating Entity acknowledges that premium rates include a share of the SJVIA’s administrative expenses. Premium rates for subsequent plan years are established by the SJVIA Board of Directors and memorialized by written amendment to this agreement signed by both parties. Participating Entity acknowledges that the SJVIA Board of Directors annually establishes premium rates for participating entities.
Premium Amounts. (a) With respect to any Mortgage Loan required to be or otherwise purchased on any date pursuant to Section 2.04, Residential Funding shall pay, concurrently with the payment of the Purchase Price with respect to such Mortgage Loan pursuant to Section 2.04, the Premium Amount with respect to such Mortgage Loan to the Trustee. The Trustee shall pay any Premium Amount received with respect to any Mortgage Loan to the holders of the Class SB Certificates on the Distribution Date on which the Purchase Price with respect to such Mortgage Loan (or REO Property) is distributed to the Certificateholders. Any Premium Amounts held by the Trustee shall constitute assets of the Trust Fund, but not of any REMIC, until released to the holders of the Class SB Certificates pursuant to this Section 4.11. Premium Amounts held by the Trustee constitute an "outside reserve fund" within the meaning of Treasury Regulation Section 1.860G-2(h) and are not an asset of any REMIC. The Class SB Certificateholders shall be the owners of the Premium Amounts held by the Trustee. The Trustee shall keep records that accurately reflect Premium Amounts received and held on deposit pending distribution to the holders of the Class SB Certificates. For federal income tax purposes, the obligation of Residential Funding to pay Premium Amounts to the Trustee for the benefit of the holders of the Class SB Certificates, and the right of the Trustee to receive Premium Amounts on behalf of the holders of the Class SB Certificates from Residential Funding, shall be treated as a notional principal contract entered into between Residential Funding and the holders of the Class SB Certificates. Accordingly, for federal income tax purposes, Premium Amounts paid shall not be treated as a payment by any REMIC and Premium Amounts received shall not be treated as either received by any REMIC or received by any holder of Class SB Certificates in respect of such holder's REMIC Regular Interests.
(b) The Trustee is hereby directed to establish and maintain a Premium Account to hold all Premium Amounts held by the Trustee pending distribution. The Premium Amounts held within the Premium Account shall remain uninvested.
Premium Amounts. (a) On the Business Day immediately preceding each Payment Date up to and including the earlier of (i) any Early Redemption Date and (ii) the later of (x) the Scheduled Redemption Date or (y) the final Extended Redemption Date, the Ceding Insurer shall pay an amount (the ‘‘Premium Payment’’) equal to the Premium Percentage multiplied by the Coverage Limit for the Coverage under this Reinsurance Agreement as of the first day of the relevant Accrual Period, provided, however, that for the first four successive Accrual Periods beginning on the Closing Date, the Ceding Insurer shall pay an amount equal to the Premium Percentage multiplied by the Original Coverage Limit; provided, further, that in the event (A) there shall be a payment default or an event of default under any material indebtedness of the Ceding Insurer, (B) the Ceding Insurer's financial strength rating is downgraded below ‘‘A−’’ by A.M. Best, ‘‘A−’’ by S&P or ‘‘A3’’ by Moody’s or (C) an event of bankruptcy, insolvency, liquidation, receivership or similar event in respect of the Ceding Insurer (such an event, a ‘‘Ceding Insurer Bankruptcy Event’’) shall have occurred, payments made by the Ceding Insurer pursuant to this Section 9.1 shall be made (x) on the third Business Day immediately preceding the first Payment Date following any of (A), (B) or (C) above for the relevant Accrual Period and, on an estimated basis, one succeeding Accrual Period and (y) on the third Business Day immediately preceding each Payment Date thereafter, on an estimated basis, for one succeeding Accrual Period, adjusted, if necessary, for any difference between the estimated Premium Payment made for the immediately preceding Accrual Period and the actual calculated Premium Payment for such preceding Accrual Period. On the later of the day that both (x) a Ceding Insurer Bankruptcy Event shall have occurred and (y) the Residual Interest Amount (calculated in respect of the then next succeeding Payment Date) exceeds the then current Outstanding Principal Amount, the Ceding Insurer shall pay an additional premium equal to the excess of the Residual Interest Amount (as so calculated), if any, over the Outstanding Principal Amount as of such date, to the extent such excess is greater than zero. In connection with any payment of the Residual Interest Amount, if any, under the Indenture, the Ceding Insurer shall pay an additional amount equal to such Residual Interest Amount on the Business Day immediately preceding the date ...
Premium Amounts. The premium due on each Premium Due Date is the sum of the premium charges for the insurance under the Coverage. Those charges are determined from the premium rates then in effect and the Employees then insured.
Premium Amounts. 10 (iii)
Premium Amounts. The Employer, in its discretion, shall determine the applicable premium for purchasing coverage under this Plan from time to time with such professional assistance as it determines is necessary. The Employer may, in its discretion, adjust the premium at any time without prior notice to Participants.
Premium Amounts. Total premium charged and the split between employee and employer will be in accordance with Washington State law.
Premium Amounts. Premiums for the Covered Services under this Agreement are set forth in Appendix B, attached hereto, and incorporated herein by reference.
