Additional Premium definition

Additional Premium a premium, calculated in accordance with the Notice to Bidders, to cover Gorringe’s Expenses relating to the payment of royalties under the Artists Resale Right Regulations 2006 which is payable by the Buyer to Gorringe’s on any Lot marked [AR] which sells for a Hammer Price which together with the Buyer’s Premium (but excluding any VAT) equals or exceeds 1000 euros (converted into the currency of the Sale using the European Central Bank Reference rate prevailing on the date of the Sale).

Additional Premium means any payment, other than the Initial Premium, made by you and accepted by us for this Contract. Allocation means apportioning your Premium among available Strategies and Indexes, if applicable.

Additional Premium means an amount equal to (a) 212.1 basis points times (b) the difference between the Equity Offering Cap and the Aggregate Backstop Commitments delivered to the Company on or before December 20, 2019 at 6:00 p.m. Pacific (provided that if the amount of Aggregate Backstop Commitments delivered to the Company on or before December 20, 2019 at 6:00 p.m. Pacific exceeds the Equity Offering Cap, the amount contemplated by this clause (b) shall be deemed to be zero).

Examples of Additional Premium in a sentence

• We may cease to accept Additional Premium payments to any specific Index at any time at our discretion.

• We retain the right, in our sole discretion, to refuse to accept any Additional Premium.

• Any Additional Premium must be received at our Customer Service Center at the address shown on the first page of this Contract and are subject to the following limitations: (1) Each payment of Additional Premium must be at least $5,000.

• Subject to our right to refuse and return any Additional Premium, you may pay Additional Premiums prior to the first Contract Anniversary.

• Your selection of Strategy and Index, if applicable, for any Additional Premium payments will be at the same Premium Allocation Percentage as your Initial Premium, unless you provide Notice to Us directing otherwise.

More Definitions of Additional Premium

Additional Premium has the meaning given to such term in the Policy Fee Letter.

Additional Premium. : means the additional price (excluding Goods and Service tax and cess) paid for the additional Annuity purchased by the Policyholder under the Policy.

Additional Premium means a non-refundable premium, in addition to the premium payable in accordance with Section 3.2 of this Agreement and in addition to the Premium Supplement, accruing to Financial Security in monthly installments in accordance with the terms set forth in the Premium Letter.”

Additional Premium means any additional or adjustment premium payments related to an increase from the premium estimates at the Valuation Date in the Data Room, net of acquisition costs payable by the Retrocedent; provided that the foregoing shall not include reinstatement premiums, swing premiums, profit commissions, and sliding scale commissions.

Additional Premium has the meaning assigned in Section 12.16.

Additional Premium has the meaning assigned to such term in Section 2.5.4.

Additional Premium has the meaning set out in Clause 33.6.