Guarantee Premium definition

Guarantee Premium means the premium payable to Finnvera in accordance with Clause 5.1 below and calculated in accordance with the grid therein. ▇▇▇▇▇▇ ▇▇▇▇▇ Hermes Aktiengesellschaft, Hamburg, acting in its capacity as representative of the Federal Republic of Germany in connection with the issuance of export credit guarantees.
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Guarantee Premium has the meaning provided in Section 3.11(b) (Fees).
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Guarantee Premium means the fee, as agreed upon by the Borrower and the Bank, paid to the Borrower in consideration for making a Guarantee, by an Eligible Homebuyer, an Eligible Elderly Homeowner or an Eligible HOA, as the case may be, on terms and conditions defined in the Master Guarantee Agreement;
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Examples of Guarantee Premium in a sentence

  • If the Net Cash Surrender Value is not sufficient, we will determine if the Minimum Guarantee Premium has been paid.

  • If on a monthly processing date the Death Benefit Guarantee Premium Test (Section 3.5) is performed and not met, a Death Benefit Guarantee Grace Period will be provided.

  • If the Insured dies during the Death Benefit Guarantee Grace Period and this Policy is in force under the Death Benefit Guarantee, the premium required to meet the Death Benefit Guarantee Premium Test as of the last monthly processing date preceding or on the date of death will be deducted.

  • If the Death Benefit Guarantee is active, the Death Benefit Guarantee Premium Test will be performed on each monthly processing date during the Death Benefit Guarantee Period or until the Policy anniversary nearest the Insured’s 121st birthday, if sooner.

  • If the Net Cash Surrender Value at the beginning of any policy month is less than the deductions for that month (and during the first five Policy Years, the Minimum Guarantee Premium has not been paid), we will send written notice to you and any assignee of record stating that a Grace Period of 61 days has begun, starting on the date we mail such notice.

  • If the Net Cash Surrender Value is not sufficient and the sum of the premiums paid less any loans and partial withdrawals does not equal or exceed the Minimum Guarantee Premium, the Grace Period described below will begin.

  • The required minimum premium will be the amount needed to meet the Death Benefit Guarantee Premium Test at the end of the Death Benefit Guarantee Grace Period (Section 3.5).

  • The purpose of the Credit shall be financing of the Export Transaction and the Guarantee Premium.

  • The Death Benefit Guarantee Premium on the Date of Issue is shown on page 3.

  • If the Death Benefit Guarantee is active, a request for a loan or withdrawal in an amount that would result in a failure to meet the Death Benefit Guarantee Premium Test upon the loan or withdrawal will not be processed without consent from the Owner to terminate the Death Benefit Guarantee as of the date the loan or withdrawal is made.

Related to Guarantee Premium

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Guarantee Fee means the amount payable by the Issuer to the Guarantor LP on or before each Guarantor LP Payment Date pursuant to the terms of the Trust Deed, which amount shall be determined by applying the Guarantee Fee Rate to the aggregate Outstanding Principal Amount of Covered Bonds on each Guarantor LP Calculation Date, multiplying the result of that calculation by the actual number of days in the Guarantor LP Calculation Period ending on such Guarantor LP Calculation Date divided by 365 days and rounding the resultant figure to the nearest ▇▇▇▇▇ (half a ▇▇▇▇▇ being rounded upwards);

  • 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.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.