Instalment Premium definition

Instalment Premium means the premium amount specified in the Schedule which is payable under this Policy at the frequency and in the modes specified in the Schedule.
Instalment Premium means the amount stipulated in the Policy Schedule and payable at regular intervals (yearly/half yearly/quarterly or monthly frequency as applicable) by the Policyholder as consideration for acceptance and continuance of risk and Benefits specified as such in the Policy Document.
Instalment Premium is the premium as payable by You as per the Policy Schedule to effect and continue this Policy Contract.

Examples of Instalment Premium in a sentence

  • Non-Forfeiture ProvisionsIf any Instalment Premium remains unpaid at the end of the Grace Period (Refer Part C), this Policy will be subject to the non-forfeiture provisions as stipulated below.

  • We will permit any change to be made to the frequency at which the Instalment Premium is payable as recorded in the Policy Schedule.

  • We will not permit any changes to be made to the frequency at which the Instalment Premium is payable as recorded in the Schedule.

  • Premium Payment and CancellationSubject always to the full payment of annual Premium if the Vessel(s) is lost (total or constructive total loss) a concession on the time allowable for payment of Premium may be offered from Us to You, as follows: • Premium payment due must be received by Us within ninety (90) days of attachment date; or • thirty (30) days of any Deferred Premium instalment date (only if Deferred or Instalment Premium is noted by Us on Your Policy Schedule).

  • Any Instalment Premium which is not received in full by the Premium Due Date may be paid in full during the Grace Period of 30 days for yearly and half yearly Premium frequencies and 15 days for monthly Premium frequency from the Premium Due Date.

  • If any Instalment Premium remains unpaid at the end of the Grace Period, this Policy will be subject to the non-forfeiture provisions below.

  • The Effect of an Instalment Premium not being Paid on Time?If at the time of making a claim under this Policy it is found that the instalment premium has remained unpaid for a period of thirty (30) days or more past the last Premium Due Date, then we can delay payment of the claim until this premium has been received by us.

  • Non-Forfeiture provision will not be applicable to this Policy.If any Instalment Premium remains unpaid at the end of the Grace Period, this Policy shall lapse and have no further value.This Policy will not be converted to a Reduced Paid Up policy in case any Instalment Premium remains unpaid at the end of the Grace Period and the policy shall lapse for no residual value.This Policy will not acquire any residual value at any time during the currency of this Policy.

  • The premium payable will be “Total Instalment Premium” which includes• Instalment Premium for Base Policy and• Instalment Premium for Rider(s), if rider(s) has been opted for.The term ‘Premium’ used anywhere in this Policy Document does not include any taxes which is payable separately.

  • If any Instalment Premium remains unpaid at the end of the Grace Period (Refer Part F), this Policy will be subject to the non-forfeiture provisions below.


More Definitions of Instalment Premium

Instalment Premium means the premium amount specified in the Schedule which is payable
Instalment Premium means the premium payable by policyholder as per the chosen premium payment mode (Yearly/Half-yearly/Quarterly/Monthly).
Instalment Premium means the premium amount specified in the Schedule which is payable under this Policy

Related to Instalment Premium

  • Instalment Amount means, in respect of a Note and an Instalment Date, an amount determined by the Calculation Agent equal to the amount specified as such in the applicable Issue Terms or the amount determined in accordance with the formula or method for determining such amount specified therein.

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Instalment Date means each date specified as such in the Final Terms.

  • 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.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • 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.

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

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

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Deposit Premium means the estimated amount determined for each Member Entity necessary to fund each layer of coverage for each Policy Year of each Program of PARSAC.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

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

  • Balloon Instalment has the meaning given in Clause 8.1;

  • 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.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

  • 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.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • LATE CHARGES All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Annual Premium means the premium set by Us and payable for cover under this policy for a full academic year.

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.