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.
Closing Payment has the meaning set forth in Section 2.2(a).
Maximum Premium has the meaning set forth in Section 7.06(b).
Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.
Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive
Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;
Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.
Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).
Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.
Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.
Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).
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.
Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.
State premium tax liability means any liability
Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.
Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.
Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.
Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;
Closing Payment Amount will have the meaning set forth in Section 1.3(a).
Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:
Estimated Closing Cash has the meaning set forth in Section 2.4(a).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.