Aggregate Premium Amount definition

Aggregate Premium Amount. As to any Distribution Date and each Class of Insured Certificates, the product of one-twelfth of the Premium Rate and the aggregate of the Current Principal Amounts of the Insured Certificates on the immediately preceding Distribution Date, or, in the case of the first Distribution Date, the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.
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Aggregate Premium Amount. As to any Distribution Date and each Class of Insured Certificates, the product of one-twelfth of the Premium Rate and the aggregate of the Class 1-A1B and Class 2-A1C Certificate Principal Balance on the immediately preceding Distribution Date, or, in the case of the first Distribution Date, the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.
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Aggregate Premium Amount means the greater of (x) the aggregate amount of Premiums paid by the Company on or before the Date of Death or due and owing on such Date, or (y) the cash surrender value of the Policy on such the Date.
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Examples of Aggregate Premium Amount in a sentence

  • If the Participant is employed at the time of his death and has not yet attained the age of seventy-five (75), the Company shall have the unqualified right to receive a portion of the death benefit payable under the Policy equal to the Aggregate Premium Amount, and the balance of such death benefit, if any, shall be paid directly to the Beneficiary in the manner and in the amount or amounts provided in the beneficiary designation provision of the Policy.

  • If the Participant has attained age sixty-five (65) by the Retirement Date and has not attained the age of seventy-five (75) by the Date of Death, the Company shall have the unqualified right to receive a portion of the death benefit payable under the Policy equal to the Aggregate Premium Amount, and the balance of such death benefit, if any, shall be paid directly to the Beneficiary in the manner and in the amount or amounts provided in the beneficiary designation provision of the Policy.

  • If the Participant has not attained the age of seventy-five (75) by the Date of Death, the Company shall have the unqualified right to receive a portion of the death benefit payable under the Policy equal to the Aggregate Premium Amount prior to the Date of Death, and the balance of such death benefit, if any, shall be paid directly to the Beneficiary in the manner and in the amount or amounts provided in the beneficiary designation provision of the Policy.

  • Except in a circumstance described in Section 4.1, the Company shall have the unqualified right to receive a portion of the death benefit payable under the Policy equal to the Aggregate Premium Amount, and the balance of such death benefit, if any, shall be paid directly to the Beneficiary in the manner and in the amount or amounts provided in the beneficiary designation provision of the Policy.


More Definitions of Aggregate Premium Amount

Aggregate Premium Amount means the aggregate amount of Premiums paid by the Company on or before the Date of Death or due and owing on such Date.
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Aggregate Premium Amount. As to any Distribution Date and the Insured Certificates, the sum of the Class 1A-1B Premium Amount and the Class 2A-1C Premium Amount for such Distribution Date.
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Aggregate Premium Amount. As to any Distribution Date and each Class of Insured Certificates, the product of one-twelfth of the Premium Rate and the aggregate of the Current Principal Amounts of the Insured Certificates of such Class on the immediately preceding Distribution Date, or, in the case of the first Distribution Date, the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.
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Related to Aggregate Premium Amount

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Aggregate Stated Principal Balance As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Final Payment Percentage is five percent (5.00%).

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Aggregate Excess Funding Amount has the meaning specified in Section 2.2(c)(iv).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.