Accrued Premium definition

Accrued Premium means, with respect to any Bonds which are to be redeemed or otherwise prepaid, the full amount of the premium or prepayment penalty imposed as a condition of such redemption or prepayment, less any amount of premium or prepayment penalty and any Reimbursement Obligation with respect to premium or prepayment penalty which is payable (other than upon acceleration) exclusively from a fund or account other than the Senior Lien Bonds Debt Service Fund or the Junior Lien Bonds Debt Service Fund or a Series Credit Facility Fund on parity with either such fund. The full amount of the premium or penalty will accrue in the calendar month in which notice of the redemption or prepayment is given by the Agency to the Trustee.
Accrued Premium means, with respect to any First Tier Senior Lien Bonds which are to be redeemed or otherwise prepaid, the full amount of the premium or prepayment penalty imposed as a condition of such redemption or prepayment; the full amount of the premium or penalty will accrue in the calendar month in which notice of the redemption or prepayment is given by the LACMTA to the Trustee.
Accrued Premium. In respect of any day, an amount in EUR equal to the sum of (i) the Outstanding Premium Amount and (ii) the Accrued Interest.

Examples of Accrued Premium in a sentence

  • In particular we give an overview of the main discovery channels: B0 → µ+ µ−, B0 → K∗µ+ µ− and B0 → φγ.

  • Committee Member Rodriguez requested clarification on the Accrued Premium Reduction (includes AB97 rate cuts).

  • Research made in the Dominican Republic about the repayment of loans disbursed by a typical developing country specialized lender indicated that borrower characteristics (land tenure status and credit rating by the bank), loan characteristics (restriction on use of borrowed funds) and regulatory instruments (Bank’s own funds and international targeted funds) are mostly affectclient loan repayment.

  • NET OPTION VALUE = Initial Premium + Share Value - Strike Price - Accrued Premium.

  • Based on the Certificate of Designations, the amount of the Accrued Premium (as defined in the Certificate of Designations) is $392,547.94 as at the date of this Agreement.

  • The payment of the Redemption Amount of the Debentures together with the Accrued Premium and all other amounts payable in respect of the Debentures will be made by the Company to the Debenture Holder(s) as per the list of beneficial owners provided by the Depository as on the record date.

  • Actual Ratio: Means in respect of an Exchange Business Day the ratio (expressed as a percentage) of (i) the Accrued Premium, less the Cash Collateral Account Balance, divided by (ii) the sum of (a) the Value of the Pledged Shares (as adjusted to include any prior Additional Pledged Shares or to exclude any prior Requested Number of Iliad Shares which in each case the settlement cycle has not yet completed) and (b) the Call Option Value.

  • NET OPTION VALUE = Initial Premium - Share Value + Strike Price - Accrued Premium.


More Definitions of Accrued Premium

Accrued Premium means, for any Debenture on any day, the Accrued Amount in respect of the Debenture on such day reduced by the Outstanding Nominal Value as on that day.

Related to Accrued Premium

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.

  • Net earned premium means the premiums earned in this State

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Accrued Obligations are (i) Executive’s accrued but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions of such plan.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Obligation means the sum of (i) Executive’s Base Salary earned through the Date of Termination and (ii) to the extent permitted by the Company’s vacation policies as may exist from time to time, any accrued, unused vacation pay earned by Executive, in both cases, to the extent not theretofore paid.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Compensation Accrued at Termination means the following:

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

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Accrued Day Off means the paid day off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of Duty, Overtime and On Call, in this award.

  • Accrued Day(s) Off means the paid day(s) off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of this award.

  • 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;

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • 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.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • 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.

  • Accrued income means the sum of:

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.