EKN Premium definition

EKN Premium means the fees and premium estimated to be in the amount of USD 1,795,710 together with any interest thereon (as further described in clause 7.5 of this Credit Agreement), charged by EKN in relation to each of the EKN Guarantees.
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EKN Premium means in respect of the EKN Guarantee, the premium payable by the Borrower to the EKN Agent (for the account of EKN), being the premium down payment:
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EKN Premium means collectively the EKN A Premium and the EKN B Premium.
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Examples of EKN Premium in a sentence

  • It is contemplated that each such payment of the EKN Premium by the Borrower to the Facility Agent will be refinanced by way of reimbursement to the Borrower of such amounts pursuant to a Premium Utilisation in respect of the relevant amount as contemplated by Clause 5.2 (Utilisation in relation to the EKN Premium) and otherwise in accordance with the terms and conditions of this Agreement.

  • The Borrower undertakes to pay the part of the EKN Premium not financed under this Agreement as well as any part thereof for which the maximum amount allocated for financing of the EKN Premium might not suffice to cover eighty-five (85) per cent of the EKN Premium.

  • Following the receipt by the Lender of a duly completed Drawing Request, disbursements in the amount requested in such Drawing Request, whether related to deliveries under the Contract or to EKN Premium, will be made by the Lender into bank accounts specified by the Borrower in accordance with Russian currency control regulations no later than five (5) Business Days after receipt of the relevant Drawing Request.

  • The Borrower shall pay to the EKN Agent (for the account of EKN) the EKN Premium.

  • For the avoidance of doubt the aggregate of all financing of Purchase Order and Software License Order and of all financing of EKN Premium shall not exceed 69,700,000 USD.

  • The Borrower shall on the basis of such information pay the full amount of the invoice to the Lender and submit to the Lender a Drawing Request of 85 per cent of the EKN Premium invoice.

  • The amount of any Premium Utilisation (being the amount equal to the relevant EKN Premium which has been paid by the Borrower pursuant to Clause 11.4 (EKN Premium)) shall be added to the amount requested pursuant to the first Utilisation Request delivered in respect of the relevant Tranche and shall form part of the relevant Loan.

  • The Borrower is ultimately responsible for payment of the EKN Premium in full.

  • For EKN Premium related Drawings, the Lender shall, when receiving a premium invoice from EKN, send a copy of the invoice to the Borrower and inform the Borrower of the amount due, the due dates of the invoice and to which Drawings the invoice relates.

  • The amount of any Premium Utilisation (being the amount equal to the relevant EKN Premium which has been paid by the Borrower pursuant to Clause 11.5 (EKN Premium)) shall be added to the amount requested pursuant to the first Utilisation Request delivered in respect of the relevant Tranche and shall form part of the relevant Loan.


More Definitions of EKN Premium

EKN Premium means collectively the EKN A Premium and each EKN New Tranche Premium.
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Related to EKN Premium

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • 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%.

  • 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;

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Net Written Premium means direct premium written on the Policies covered by this Agreement plus additions, less refunds and return premium for cancellations and reductions (but not dividends) and less premium paid or payable for reinsurance that inures to the benefit of the Participating Companies.

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • 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.

  • 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.

  • 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.

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • 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.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • 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;

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Standard Premium means the basic premium for the coverage under this Certified Plan, as charged by the Company to the Policy Holder on an overall Portfolio basis, which may be adjusted in accordance with the Age, gender and/or lifestyle factors of the Insured Person.