Extension Premium definition

Extension Premium means a premium of up to two (2) per cent. of the Nominal Amount per Bond which shall be paid to the Bondholders on the relevant Redemption Date to the extent the net proceeds from the Danaplatsen Divestment are sufficient to finance the payment of such premium.
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Extension Premium has the meaning set forth in Error! Reference source not found.(a).
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Extension Premium means, at any applicable time, the Applicable Rate plus 5%.
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Examples of Extension Premium in a sentence

  • Upon non-renewal or cancellation of this Policy for any reason except the non-payment of premium, the Named Insured will have the right to purchase, for additional premium in the amount of the Optional Extension Premium percentage listed in the Declarations of the full Policy Premium listed in the Declarations, an Optional Extension Period for the period of time listed in the Declarations.

  • Premium Details Basic Premium (Rs.) Extension Premium (Rs.) Total Premium (Rs.) Less: Discount if any (Rs.) Net Premium (Rs.) (Rs. Add: Service Tax* and Education CESS (as applicable) Total Amount (Rs) * Service Tax is subject to change as per change in Tax Laws Note: In the event of dishonour of cheque, this Policy document automatically stands cancelled from inception, irrespective of whether a separate communication is sent or not.

  • For the avoidance of doubt, the Danaplatsen Divestment shall be made in a single transaction and cover all shares in Danaplatsen Fastighets AB or the property Sannegården 26:1 (as applicable) and may not be carried out in part unless the net proceeds from a partial Danaplatsen Divestment are sufficient to redeem all outstanding Bonds in full plus accrued and unpaid Interest together with the full Extension Premium.

  • If any amount payable hereunder is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such overdue amount shall bear interest at the Default Rate or, if such payment was due at or after the date which is 3 years from the date of this Note, at the Extension Premium from the date of such non-payment until such amount is paid in full.

  • For greater certainty, such Default Rate or Extension Premium shall apply regardless of whether or not such non-payment was due to any prohibition to make payments pursuant to Section 8.

  • The Hospital is also in the process of entering into an agreement with a current lessor entity to lease additional long-term care facilities operated by related management companies.

  • This Agreement shall be effective from and after the date first written above upon execution and delivery by the Parties; provided, however, that if the Merger is not consummated and the Merger Agreement is terminated, this Agreement shall automatically terminate concurrently with the termination of the Merger Agreement and shall be of no further force or effect.

  • In the event that more time is required to complete the Development, OFSL may apply for an extension of the PCP subject to the payment of a PCP Extension Premium as follows:- First 12 months of extension - 8% of Alienation Premium; Next 12 months of extension - 16% of Alienation Premium; Any subsequent extension - 24% of Alienation Premium, pro-rated in accordance with a prescribed formula for extensions of less than 12 months.

  • OPTIONAL EXTENSION PERIOD Upon non-renewal or cancellation of this Policy for any reason except the non-payment of premium, the Named Insured will have the right to purchase, for additional premium in the amount of the Optional Extension Premium percentage listed in the Declarations of the full Policy Premium listed in the Declarations, an Optional Extension Period for the period of time listed in the Declarations.

  • Premium Details: Basic Premium (Rs.) Extension Premium (Rs.) Total Premium (Rs.) Less: Discount if any (Rs.) Net Premium (Rs.) Add: Service Tax* and Education CESS (as applicable) (Rs.) Total Amount (Rs) * Service Tax is subject to change as per change in Tax Laws7.


More Definitions of Extension Premium

Extension Premium means the amount, up to a maximum of $3,732,464.34 actually paid by the Company into the Trust Account pursuant to the terms of the Investment Agreement.
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Extension Premium means $3,000,000.
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Related to Extension Premium

  • Extension Rate means, for each distribution date following a Failed Remarketing with respect to the class A-5 notes if such notes are then in foreign exchange mode, the rate of interest payable to the related currency Swap Counterparty, generally not to exceed three-month LIBOR plus 0.75%, unless the remarketing agent, in consultation with the administrator, determine that market conditions or some other benefit to the trust requires a higher rate; provided that in each case the Rating Agency Condition is satisfied.

  • 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.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • 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%.

  • Extension Term means the time period defined in §2.C.

  • Term Loan A Maturity Date means July 29, 2025.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Extension Fee means the fee payable to the Trustee on each occasion the Manager, upon a Participating Dealer’s request, grants the Participation Dealer an extended settlement in respect of a Creation Application or Redemption Application.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • 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;

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

  • Term B Maturity Date means January 31, 2025.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Extension Period has the meaning set forth in Section 2.11.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • 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.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Accrual Amount With respect to any Class of Accrual Certificates and any Distribution Date prior to the Accrual Termination Date, the amount allocable to interest on such Class of Accrual Certificates with respect to such Distribution Date pursuant to Section 4.02(a)(ii).

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

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).