Eligible premium definition

Eligible premium means a premium that has been reported and paid by a motor vehicle oil dealer to the State Tax Assessor on motor vehicle oil that was subsequently sold or distributed by an eligible dealer outside the State during the relevant reimbursement period.[PL 2011, c. 548, §1 (AMD); PL 2011, c. 548, §36 (AFF).]
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Eligible premium means, for any Collection Period during the Reinvestment Period (without duplication) any amount received during such Collection Period on the sale, redemption or tender of, or exchange or conversion of, or as a prepayment premium for (each, an "Occurrence") a Collateral Obligation (other than accrued interest) in excess of the greater of (a) its principal balance, excluding, in the case of Delayed Drawdown Collateral Obligations and Revolving Collateral Obligations, undrawn commitments at the time of such Occurrence; provided, however, that the principal balance of any Discount Obligation, Current Pay Obligation or Deferring Security for the purposes of calculating the Eligible Premium shall be deemed to be the value ascribed thereto for purposes of determining the Adjusted Collateral Principal Amount and (b) the original purchase price paid (not including accrued
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Eligible premium means a premium that has been reported and paid by an eligible a motor ve- hicle oil dealer to the State Tax Assessor on motor vehicle oil that was subsequently sold or distrib- uted by that an eligible dealer outside the State during the relevant reimbursement period.
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Examples of Eligible premium in a sentence

  • The final promotion is conducted by an examination panel from the University.

  • Re looking the concept of Eligible premium: Granting 100% credit of first year Premium Income irrespective of Plan & Term for computation of Cost Ratio.

  • Return of premium at expiry Eligible premium forEligible premium forBenefit=return-of-premium benefit before change +return-of-premium benefit after change$10,200 + [($221 x 120 months) + ($575 x 120 months)] = $105,720.00 Conversion‌Before the insured person’s 65th birthday, the owner may apply to convert all or a portion of the insurance amount under a term 10 and term 20 renewable term policy to a level premium critical illness insurance policy of a plan type then offered for conversion, if any.

  • Eligible premium paid x policy premium after change Before change policy premium before change [$10,200 + (221 x 24 months)] x ($127 ÷ 221) = $8,909.54 Expiry example‌On Sept.


More Definitions of Eligible premium

Eligible premium means an assessment paid by an insured depository institution (or its predecessor) that did not exceed, for the applicable assessment period, the maximum assessment applicable in that assessment period to a Risk Category 1 institution under subpart A of this part.(2) An eligible premium does notinclude any assessments or fees paid by insured depository institutions for the Temporary Liquidity Guarantee Program. An eligible premium also does not include any emergency special assessments paid by insured depository institutions pursuant to section 13(c)(4)(G) of the Federal Deposit Insurance Act, 12 U.S.C. 1823(c)(4)(G), whether to repay any loss to the FDIC as a consequence of the Temporary Liquidity Guarantee Program or for any other reason.
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Eligible premium includes all first year premium submitted with an application and applied to “Approved Products” from Hierarchy, reduced for premium related to any contract that is:
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Eligible premium means for any Collection Period during the Reinvestment Period (without duplication), any amount received during such Collection Period on the sale, redemption or tender of, or exchange or conversion of, or as a prepayment premium for (each, an “Occurrence”) a Collateral Obligation (other than accrued interest) in excess of the greater of (a) its principal balance, excluding, in
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Eligible premium means, with respect to each Eligible Member, the sum of all of the premium of all Eligible Policies owned by such Eligible Member as of the Adoption Date (excluding all unearned premiums) and all earned premiums since January 1, 2002 under all of such Eligible Member’s Policies, as reflected in the NORCAL Records. For purposes of determining the total Eligible Premium under each Eligible Member’s Policies, (x) the earned premiums for all Policies for which such Eligible Member is a successor and/or which have been consolidated to a Policy issued to such Eligible Member shall be included, and (y) all premiums paid for an extended reporting period (“tail” coverage) endorsement with respect to a Policy that expired, was cancelled, nonrenewed or was otherwise terminated prior to the Adoption Date shall be excluded.
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Eligible premium means an assessment paid by an insured depository institution (or its predecessor) that did not exceed, for the applicable assessment period, the maximum assessment applicable in that assessment period to a Risk Category 1 institution under subpart A of this part.
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Eligible premium means any amount (without duplication) received during the Reinvestment Period on the sale, redemption or tender of, or exchange or conversion of, or as a prepayment premium for an Underlying Asset or portion thereof (other than accrued interest) in excess of the original purchase price paid (not including accrued interest) by the Issuer in respect of such Underlying Asset (or portion thereof).
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Related to Eligible premium

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

  • 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.

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

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • 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.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • 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.

  • 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.

  • 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.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • 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;

  • 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.

  • 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.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • 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.

  • Make-Whole Payment means, with respect to any Series 2015-1 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2015-1 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2015-1 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Post-ARD Additional Interest Rate With respect to any ARD Mortgage Loan after its Anticipated Repayment Date, the incremental increase in the Mortgage Rate for such ARD Mortgage Loan resulting from the passage of such Anticipated Repayment Date.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • 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

  • 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%.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.