Initial Premium definition

Initial Premium has the meaning set forth in Section 3.1(a).
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Initial Premium. The Initial Premium is the premium required for coverage to become effective on the Policy Date. It is shown on the Policy Data Page.
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Initial Premium. The initial premium payable by the Sponsor on behalf of the Trust to the Certificate Insurer in consideration of the delivery to the Trustee of the Certificate Insurance Policy.
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Examples of Initial Premium in a sentence

  • The amount of the Initial Premium Payment is shown in the Schedule.

  • INITIAL PREMIUM PAYMENT The Initial Premium Payment is required to put this Contract in effect.

  • No insurance will take effect under this policy until our underwriters approve issuance of this policy and the conditions specified in the application form have been satisfied, including receipt of at least the Minimum Initial Premium at our Service Office.

  • In return, you supply us with the Initial Premium Payment required to put this Contract in effect.

  • During the Initial Interest Guarantee Period, values developed from the Initial Premium Payment are illustrated using the Initial Guaranteed Interest Rate(s) declared by the insurance company, which include an additional first year only interest bonus credit of 0.75%.


More Definitions of Initial Premium

Initial Premium. The initial premium (covering one month) for Group I and Group II payable by the Seller on behalf of the Trust to the Certificate Insurer in consideration of the delivery to the Trustee of the Certificate Insurance Policies.
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Initial Premium. The Premium amount specified as such in Section 1.
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Initial Premium means the Estimated RLI Required Initial Premium as defined in the Master Agreement.
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Initial Premium. The initial premium (covering three months) payable by the Seller on behalf of the Trust to the Note Insurer in consideration of the delivery to the Indenture Trustee of the Note Insurance Policy.
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Initial Premium means euros 332 million (based on the exchange rates set forth in Schedule 1.01A), as determined in accordance with the principles set forth in Section 5.01.
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Initial Premium means an amount equal to the sum of the following:
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Initial Premium shall have the meaning set forth in the Reinsurance Agreement.
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