Certificate Insurer Premium definition

Certificate Insurer Premium. The Policy premium payable pursuant to Section 3.25(b) hereof.

Certificate Insurer Premium. The premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.

Certificate Insurer Premium. The Policy premium payable pursuant to Section 4.01(a) hereof for each Distribution Date in an amount equal to the Certificate Insurer Premium Rate accrued for one month, on the basis of a 360-day year consisting of twelve 30-day months, on the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date.

Examples of Certificate Insurer Premium in a sentence

• At such time as the Class Principal Balance of the Insured Certificates has been reduced to zero and the Certificate Insurer has been reimbursed for all amounts to which it is entitled hereunder and has been paid all Certificate Insurer Premium amounts due and owing hereunder, the Certificate Insurer's rights hereunder shall terminate.

• For this purpose, the Mortgage Loan Rates shall be net of the Monthly Servicing Fee, the Back-up Servicing Fee, the Trustee Fee, the PMI Insurer Premium and the Certificate Insurer Premium, each to the extent they are attributable to Mortgage Loans in the Fixed Rate Group and each expressed as an annual percentage of the Fixed Rate Group Balance.

• The calculation of the Trustee Fee, the Servicing Fee, the Pool Insurer Fee, the Special Hazard Insurer Fee, the Loss Mitigation Fee, the Certificate Insurer Premium and interest on all Classes of Certificates and on all Uncertificated Interests shall be made on the basis of a 360-day year consisting of twelve 30-day months.

• Such expenses of the Trust as are authorized to be paid hereunder, including (i) the Trustee Fee and (ii) all amounts owing to the Trustee on account of reimbursement of unanticipated out-of-pocket expenses and any indemnification owed to the Trustee (the amounts in this clause (ii), "SENIOR TRUSTEE EXPENSES") and the Certificate Insurer Premium shall be paid out of the Certificate Account in the priority set forth in SECTION 7.06(B)(I).

• For this purpose, the Mortgage Loan Rates shall be net of the Monthly Servicing Fee, the Back-up Servicing Fee, the Trustee Fee, the PMI Insurer Premium and the Certificate Insurer Premium, each to the extent they are attributable to Mortgage Loans in Adjustable Rate Group I and each expressed as an annual percentage of the Adjustable Rate Group I Balance.

More Definitions of Certificate Insurer Premium

Certificate Insurer Premium. The "Premium," with respect to the Class A-3 Certificates, as set forth in Section 3.03 of the Insurance Agreement.

Certificate Insurer Premium. With respect to the Class A-I Certificates, the premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-I Certificates immediately prior to such Distribution Date. With respect to the Class A-II Certificates, the premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-II Certificates immediately prior to such Distribution Date.

Certificate Insurer Premium. The premium for the Policy payable pursuant to Section 4.01 hereof for each Distribution Date in an amount equal to (i) the product of the Certificate Insurer Premium Rate and the aggregate Class Principal Balance of the Insured Certificates immediately prior to such Distribution Date, divided by (ii) 12; provided that the Certificate Insurer Premium payable on the April 2007 Distribution Date is $5,411.54.

Certificate Insurer Premium. With respect to the Fixed Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Fixed Rate Group Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group Certificate Principal Balance immediately prior to such Distribution Date.

Certificate Insurer Premium. With respect to the Fixed Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Fixed Rate Group Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group I Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group I Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group II Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group II Certificate Principal Balance immediately prior to such Distribution Date. The Certificate Insurer Premium shall also include any premium supplement for a Certificate Group imposed under the Insurance Agreement.

Certificate Insurer Premium. With respect to any Distribution Date, an amount equal to 1/12th of the product of (a) the aggregate Certificate Principal Balance of the Class AF-2, Class AF-4 and Class AF-5 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the Certificate Insurer Premium Rate.

Certificate Insurer Premium. With respect to the Class A-I-4 Certificates, the premium payable to the Certificate Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-I-4 Certificates immediately prior to such Distribution Date.