FSA Premium definition

FSA Premium. With respect to any Distribution Date, an amount equal to 1/12th of the product of (a) the Class Principal Balance of the Class A1 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the FSA Premium Rate.
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FSA Premium. As to the Insured Retail Certificates and any Distribution Date, an amount equal to one-twelfth of 0.06% per annum multiplied by the Class Certificate Balance of the Insured Retail Certificates (prior to giving effect to any distributions to be made in respect of the Insured Retail Certificates on such Distribution Date).
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FSA Premium. On any Distribution Date, an amount equal to one-twelfth of the product of (A) the Outstanding Certificate Principal Balance of the Class A-3 Certificates and (B) the FSA Premium Rate. FSA PREMIUM RATE: 0.08% per annum.
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Examples of FSA Premium in a sentence

  • Additional Modeling Assumptions Prepayment Speed 1.3% ABS Recovery % 45% Recovery Lag 0 months (all deals seasoned) Servicing Fee 2.25% FSA Premium 0.25% FSA Default Premium 0.50% Reinsurance Premium 4.50% Spread Account Reinvestment % 1.50% Call % 0% For transactions with floating rate tranches, the underlying deal employs in the structure either an interest rate cap or interest rate swap.

  • Prepayment Speed 1.3% ABS Recovery % 40% Recovery Lag 0 months (all deals seasoned) Servicing Fee 2.25% FSA Premium 0.275% FSA Default Premium 0.50% Reinsurance Premium 4.50% Spread Account Reinvestment % 1.50% Call % 0% For transactions with floating rate tranches, the underlying deal employs in the structure either an interest rate cap or interest rate swap.


More Definitions of FSA Premium

FSA Premium. With respect to any Distribution Date and the Class A-15 Policy an amount equal to the sum of (i) 1/12th of the product of (a) the Class Certificate Balance of the Class A-15 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) 0.10%.
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FSA Premium. With respect to any Distribution Date, and with respect ----------- to the Certificate Insurance Policy, an amount equal to 1/12th of the product of (a) the aggregate Certificate Principal Amount of the Insured Certificates as of such Distribution Date (prior to giving effect to any distribution thereon on such Distribution Date) and (b) the FSA Premium Rate. FSA Premium Rate: 0.15% per annum. ---------------- GNMA: The Government National Mortgage Association, a wholly owned ---- corporate instrumentality of the United States within HUD.
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Related to FSA Premium

  • 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.

  • 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;

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

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

  • 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

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

  • 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.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • 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.

  • 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.

  • 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;

  • 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.

  • 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.”

  • 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

  • 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.

  • 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.

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

  • Premium means any premium payable under the terms of the Notes.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.