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.

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.

Examples of Initial Premium in a sentence

• The applicable Subject Closing Statement shall be prepared in good faith in the same format as the applicable Estimated Closing Statement and on a basis consistent with the preparation of the Reference Net Settlement Statement and derived from the Initial Premium Roll-Forward Model, as applicable.

• The Parties acknowledge and agree that the Reinsurer’s obligation to pay the Texas Ceding Commission to the Ceding Company shall be satisfied by reflecting such amount in the calculation of the Initial Premium.

• The Interim Closing Statement will be prepared in good faith in the same format as the applicable Estimated Closing Statement and on a basis consistent with the preparation of the Reference Net Settlement Statement and derived from the Initial Premium Roll-Forward Model, as applicable.

More Definitions of Initial Premium

Initial Premium. The Premium amount specified as such in Section 1.

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.

Initial Premium shall have the meaning set forth in the Reinsurance Agreement.

Initial Premium shall have the meaning specified in Section 3.01.

Initial Premium means the Estimated RLI Required Initial Premium as defined in the Master Agreement.

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.

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.