Certificate Insurance Premium definition

Certificate Insurance Premium. With respect to any Distribution Date and with respect to the Certificate Insurance Policy, an amount equal to 1/12th of the product of the sum of (a) the aggregate Class Principal Amount of the Guaranteed Certificates as of such Distribution Date (prior to giving effect to any distribution on such Classes on such Distribution Date) and (b) the Premium Percentage.

Certificate Insurance Premium. Not applicable.

Certificate Insurance Premium. For any Distribution Date, an amount equal to the product of (x) the Certificate Insurance Policy Premium Rate and (y) the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date. The Certificate Insurance Premium shall be computed on the basis of a 360-day year consisting of twelve 30-day months.

Examples of Certificate Insurance Premium in a sentence

• On each Distribution Date, the Trustee shall withdraw from the Distribution Account and pay to the Certificate Insurer, the Certificate Insurance Premium due to the Certificate Insurer on such date.

• As to any Distribution Date, the sum of (a) the Certificate Insurance Premium for such Distribution Date and (b) the amount of any Certificate Insurance Premium that was not distributed to the Certificate Insurer on any prior Distribution Date.

• As to any Distribution Date, the sum of (a) the Class A4 Certificate Insurance Premium for such Distribution Date and (b) the amount of any Class A4 Certificate Insurance Premium that was not distributed to the Certificate Insurer on any prior Distribution Date.

• Administrative Amount: For any Remittance Period, the product of (x) one-twelfth of the sum of (i) the Servicing Fee Rate and (ii) the Certificate Insurance Premium Rate and (y) the aggregate Discounted Contract Balances of all Contracts outstanding as of the immediately preceding Calculation Date (or as of the Cut-Off Date in the case of the initial Remittance Period).

• Adjusted Certificate Rate: The sum of (i) the Certificate Rate, (ii) the Servicing Fee Rate and (iii) the Certificate Insurance Premium Rate, i.e., _____% per annum.

More Definitions of Certificate Insurance Premium

Certificate Insurance Premium. With respect to the Certificate Policy and any Distribution Date, an amount equal to one-twelfth (1/12) of [___]% of the Certificate Principal Balance of the Insured Certificates.] [Certificate Insurer: [_____________], a stock insurance company organized and created under the laws of the State of [_____________], and any successors thereto, issuer of the Certificate Policy (No. [_________]).]

Certificate Insurance Premium shall have the meaning set forth in the Agreement.

Certificate Insurance Premium. The semiannual premium payable by the Trustee to the Certificate Insurer under the Certificate Insurance Policy specified in the agreement between the Certificate Insurer and the Sponsor.

Certificate Insurance Premium. With respect to any Distribution Date and the Class I-A1-2 Certificates, an amount equal to 1/12th of the product of (a) the aggregate Class Principal Amount of the Class I-A1-2 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the related Premium Percentage. With respect to any Distribution Date and the Class I-A4-1 Certificates, an amount equal to 1/12th of the product of (a) the aggregate Class Principal Amount of the Class I-A4-1 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the related Premium Percentage. Certificate Insurer: Ambac Assurance Corporation, or any successor thereto.

Certificate Insurance Premium. With respect to any Distribution Date and with respect to the Certificate Insurance Policy, an amount equal to 1/12th of the product of the sum of (a) the aggregate Class Principal Amount of the Class A3A and Class A4A Certificates as of such Distribution Date (prior to giving effect to any distribution on such Classes on such Distribution Date) and (b) the Premium Percentage.

Certificate Insurance Premium. For each Distribution Date, an amount equal to (1) the product of (a) 0.13% per annum and (b) a fraction, expressed as a percentage, the numerator of which is the actual number of days in the related Interest Accrual Period and the denominator of which is 360 and (2) the aggregate Class Certificate Balance of the Insured Certificates immediately prior to such Distribution Date. Certificates Insurer: Assured Guaranty Corp. and its successors and assigns.

Certificate Insurance Premium. The Class A8 Insurance Premium or the Class A9 Insurance Premium, as applicable. Certificate Insurer: CIFG Assurance North America, Inc., or any successor thereto.