Premium R Payments Sample Clauses

Premium R Payments on the Business Day immediately preceding each Payment Date up to and including the earlier of the Early Termination Date and the Scheduled Termination Date, an amount equal to 14.25% per annum calculated on the Coverage Limit determined as of the first day of the relevant Accrual Period, provided, however, that for all Accrual Period days from and including the Effective Date to but not including the first anniversary date of the Effective Date, even if such anniversary date is not a Payment Date, such premium will be calculated on the Original Coverage Limit, provided, further, that if such first anniversary date is not a Payment Date, for the remaining portion of the relevant Accrual Period days from and including such anniversary date to but not including the next Payment Date, such premium will accrue and be calculated on the Original Coverage Limit, provided further, that if a Premium F Payment becomes due and payable on any Payment Date prior to the end of the first anniversary date of the Effective Date, no Premium R Payment shall become due and payable following such Payment Date;