Adjusted Premium definition

Adjusted Premium means any premium payment allocated to the Guaranteed Interest Account as adjusted to include any interest credited on and any contract charges or withdrawals deducted from such premium payment.
Sample 1Sample 2
Adjusted Premium as used herein shall be determined as follows: 1. The Company’s Adjusted Premium will be equal to $9,900,000 provided the Adjusted TIV is greater than or equal to 90% of Provisional TIV, but not greater than 110% of Provisional TIV. 2. However, in the event: a. Adjusted TIV is greater than 110% of Provisional TIV, the Company’s adjusted premium will equal 0.00783% of the Company’s Adjusted TIV, less 10% of $9,900,000; or b. Adjusted TIV is less than 90% of Provisional TIV, the Company’s Adjusted Premium will be equal to the greater of the following: i. $7,920,000; or
Sample 1
Adjusted Premium as used herein shall be determined as follows: 1. The Company's Adjusted Premium for each excess layer will be equal to the amount, shown as “Deposit Premium” for that excess layer in Schedule A attached hereto, subject to the following circumstances: a. Adjusted TIV increases to an amount equal to or less than 110% of Provisional TIV; or b. Adjusted TIV decreases to an amount equal to or greater than 90% of Provisional TIV. 2. However, in the event: a. Adjusted TIV increases to an amount greater than 110% of Provisional TIV, the Company's Adjusted Premium will equal the percentage, shown as “Premium Rate” for that excess layer in Schedule A attached hereto, applied to the Company's Adjusted TIV, less 10% of the amount, shown as “Deposit Premium” for that excess layer in Schedule A attached hereto; or b. Adjusted TIV decreases to an amount less than 90% of Provisional TIV, the Company's Adjusted Premium will be equal to the greater of the following: i. The amount, shown as “Minimum Premium” for that excess layer in Schedule A attached hereto; or ii. The percentage, shown as “Premium Rate” for that excess layer in Schedule A attached hereto, applied to the Company's Adjusted TIV, plus 10% of the amount, shown as “Deposit Premium” for that excess layer in Schedule A attached hereto.
Sample 1

Examples of Adjusted Premium in a sentence

  • Adjusted Premium for Special Funds has the same definition, but with respect to amounts allocated to Special Funds.

  • The amount of the prorata adjustment will equal (a) times (b) divided by (c), where: (a) is the Adjusted Premium for non-Special Funds prior to the transfer or withdrawal; (b) is the Accumulation Value of the transfer or withdrawal; and (c) is the Accumulation Value allocated to non-Special Funds before the transfer or withdrawal.

  • Transfers from non-Special Funds increase the Adjusted Premium for Special Funds by the reduction in the Adjusted Premium for non-Special Funds.

  • Transfers from Special Funds increase the Adjusted Premium for non-Special Funds by the lesser of the reduction of the Adjusted Premium for Special Funds and net Accumulation Value transferred.

  • CONSUMER ADJUSTED PREMIUM RATE DEVELOPMENTThe Consumer Adjusted Premium Rate is the Plan Adjusted Index Rate calibrated, with all allowable rating factors applied, to both the standard federal age curve and the aforementioned geographic factors.

  • Adjusted Premium for Excluded Funds has the same definition, but with respect to amounts allocated to Excluded Funds.

  • A carrier is limited in the rating factors that may be applied to the Plan Adjusted Index Rate in the determination of Consumer Adjusted Premium Rates for an individual or family.

  • Plan Adjusted Index Rates need to be calibrated to apply the allowable rating factors of age and geography in order to calculate the Consumer Adjusted Premium Rates.

  • The Consumer Adjusted Premium Rate is calculated by calibrating the Plan Adjusted Index Rate by the Age and Geographic calibration factors described above, and applying consumer specific age and geographic rating factors.

  • The Consumer Adjusted Premium Rate is calculated as the Plan Adjusted Index Rate calibrated as described in the previous section.


More Definitions of Adjusted Premium

Adjusted Premium as defined on the Definitional Annex.
Sample 1
Adjusted Premium as used herein shall be determined as follows: 1. The Company's Adjusted Premium will be equal to the previously paid Deposit Premium, subject to the following circumstances: a. Adjusted TIV increases to an amount equal to or less than 110% of Provisional TIV; or b. Adjusted TIV decreases to an amount equal to or greater than 95% of Provisional TIV. 2. However, in the event: a. Adjusted TIV increases to an amount greater than 110% of Provisional TIV; or
Sample 1
Adjusted Premium means: (a) 10% of the reduction in the Principal Amount resulting from the payment set forth in (i) above if such prepayment occurs prior to the end of the sixth (6th) month from the date hereof; (b) 5% of the reduction in the Principal Amount if such prepayment occurs during the period commencing on the first day following the sixth (6th) month anniversary of the date hereof and prior to the end of the eighteenth (18th) month from the date hereof; and (c) 3% of the reduction in the Principal Amount if such prepayment occurs at any time thereafter but before the Maturity Date.
Sample 1
Adjusted Premium means: (a) 110% of the Principal Amount if such prepayment occurs after twelve (12) months from the date hereof and prior to the end of the eighteenth (18th) month from the date hereof; (b) 105% of the Principal Amount if such prepayment occurs during the period commencing on the first day following the eighteenth (18th) month anniversary of the date hereof and prior to the end of the twenty-fourth (24th) month from the date hereof; and (c) 103% of the Principal Amount if such prepayment occurs at any time thereafter but before the Maturity Date.
Sample 1
Adjusted Premium means, with respect to any Rating Period, the aggregate of adjusted premiums, adjusted deductible prepayments, actual claims handling fees (to the extent not included in adjusted deductible prepayments) and other amounts paid or incurred by Limited with respect to such Rating Period, including without limitation interest and letter of credit fees paid in connection with any deferral of premium payments, minus declared dividends or returned premiums (to the extent not reflected in adjusted premiums) payable to Limited by Insurer with respect to such Rating Period, all determined in accordance with the provisions of the Insurance Program in effect for such Rating Period.
Sample 1

Related to Adjusted Premium

  • Net earned premium means the premiums earned in this State

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d)(i) or 5.5(d)(ii).

  • Adjusted Price means the Unit Price, for a particular Pharmaceutical in any Relevant Period, divided by two;

  • 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.

  • Adjusted Pool Amount With respect to any Distribution Date and Loan Group, the Cut-off Date Pool Principal Balance of the Mortgage Loans in such Loan Group minus the sum of (i) all amounts in respect of principal received in respect of the Mortgage Loans in such Loan Group (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (ii) the principal portion of all Realized Losses (other than Debt Service Reductions) incurred on the Mortgage Loans in such Loan Group from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted Value as used in subdivision (d) means:

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • Adjusted Pool Amount (PO Portion) With respect to any Distribution Date, the sum of the amounts, calculated as follows, with respect to all Outstanding Mortgage Loans: the product of (i) the PO Fraction for each such Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of principal received in respect of such Mortgage Loan (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Unscheduled Principal Receipts and Substitution Principal Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (y) the principal portion of any Realized Loss (other than a Debt Service Reduction) incurred on such Mortgage Loan from the Cut-Off Date through the end of the month preceding such Distribution Date.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • 704(c) Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner using such reasonable method of valuation as it may adopt. Subject to Exhibit B hereof, the General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of the Borrower, the Borrower’s net income after provision for income taxes for such fiscal period, as determined in accordance with GAAP and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain arising from any write-up in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by the Borrower in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person in which the Borrower has an ownership interest unless (and only to the extent) such earnings shall actually have been received by the Borrower in the form of cash distributions; (e) earnings of any Person to which assets of the Borrower shall have been sold, transferred or disposed of, or into which the Borrower shall have been merged, or which has been a party with the Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain arising from the acquisition of debt or equity securities of the Borrower or from cancellation or forgiveness of Debt; (g) gains or non-cash losses arising from Hedge Agreements entered into by Borrower, and (h) gain arising from extraordinary items, as determined in accordance with GAAP, or from any other non-recurring transaction.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Series Adjusted Portfolio Yield means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction, (A) the numerator of which is equal to (a) Reallocated Investor Finance Charge Collections with respect to such Monthly Period, plus (b) the amount of any Principal Funding Account Investment Proceeds for the related Distribution Date, plus (c) provided that each Rating Agency has consented in writing to the inclusion thereof in calculating the Series Adjusted Portfolio Yield, any Excess Finance Charge Collections that are allocated to Series 2021-1 with respect to such Monthly Period, plus (d) the amount of funds, if any, withdrawn from the Reserve Account which pursuant to subsection 4.12(d) are required to be deposited into the Collection Account and included as Class A Available Funds for the Distribution Date with respect to such Monthly Period, minus (e) the Investor Default Amount for the Distribution Date with respect to such Monthly Period, and (B) the denominator of which is the Invested Amount as of the last day of the preceding Monthly Period.

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.

  • Portfolio Adjusted Yield means, with respect to any Transfer Date, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate from the Portfolio Yield for such Monthly Period and deducting 0.5% from the result for each Monthly Period.

  • 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.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.