Note Insurer Premium definition
Note Insurer Premium. On the Closing Date, the premium due to the Note Insurer in paragraph 1(a)(i) of the Note Insurer Commitment Letter and thereafter the premium due to the Note Insurer on each Payment Date, which amount shall be equal to the product of the Note Insurer Premium Rate and the Note Balance immediately prior to such Payment Date.
Note Insurer Premium. The premium due to the Note Insurer under the Note Insurer Premium Letter on the Closing Date and on each Payment Date thereafter, which amount as to each Payment Date shall be equal to the product of the Note Insurer Premium Rate and the related Note Balance immediately prior to such Payment Date.
Note Insurer Premium means the premium payable to the Note Insurer in respect of the Policy, in an amount equal to the product of (i) one-twelfth of a per annum rate equal to the Premium Rate and (ii) the average daily Note Balance during the preceding Collection Period.
Examples of Note Insurer Premium in a sentence
In addition, on each Payment Date the Indenture Trustee shall forward to the Underwriter and Bloomberg the electromagnetic tape or disk containing certain Mortgage Loan information required to be delivered to the Indenture Trustee by the Servicer pursuant to Section 3.01 of the Servicing Agreement; PROVIDED, HOWEVER, that the Indenture Trustee shall not forward any such tape or disk that separately sets forth the Note Insurer Premium or the Note Insurer Premium Rate.
In addition, on each Payment Date, after the Noteholders have been paid all amounts to which they are entitled, the Note Insurer will be entitled to be reimbursed for any unreimbursed draws under the Insurance Policy, paid Note Insurer Premium (each with interest thereon at the "Late Payment Rate" specified in the Insurance Agreement) and any other amounts owed under the Insurance Policy.
More Definitions of Note Insurer Premium
Note Insurer Premium. For any Payment Date, the semi-annual premium payable to the Note Insurer equal to the sum of (i) with respect to the Debt Service Reserve Surety Bond, the product of (A) the applicable percentage set forth in the Insurance Agreement and (B) the Debt Service Available Amount immediately prior to such Payment Date and (ii) with respect to the Note Insurance Policy, the product of (A) the applicable percentage set forth in the Insurance Agreement and (B) the outstanding Principal Amount of the Notes immediately prior to such Payment Date.
Note Insurer Premium means, with respect to the Initial Payment Date of the Series 2001-3 Notes, $16,416.
Note Insurer Premium. With respect to each Series of Notes, the fee payable on each Payment Date to the Note Insurer, in an amount equal to the product of (i) one-twelfth of the applicable Note Insurer Premium Rate and (ii) the Outstanding Principal Amount of such Series of Notes immediately following the preceding Payment Date; provided that, with respect to the Initial Payment Date for each Series of Notes issued pursuant to this Indenture, the Note Insurer Premium shall equal the amount specified in the applicable Supplement.
Note Insurer Premium means the premium payable to the Note Insurer in respect of the Policy, in an amount equal to the product of (i) one-twelfth of a per annum rate equal to the Premium Rate, and (ii) the Note Balance as of the preceding Payment Date after giving effect to any distributions applied to the Note Balance on such Payment Date, except that with respect to the initial Payment Date, the premium shall be equal to the product of (i) one-twelfth of the Premium Rate, and (ii) the Original Note Balance and (iii) a fraction, the numerator of which is the number of days in June, 1998 commencing on and including the Closing Date, and the denominator of which is 30.
Note Insurer Premium means, with respect to the Initial Payment Date of the Series 2000-1 Notes, $13,904.64.
Note Insurer Premium. The Note Insurance Policy premium payable pursuant to Section 4.01 of the Sale and Servicing Agreement for each Payment Date in an amount equal to the Note Insurer Premium Rate accrued for one month, on the basis of a 360-day year consisting of twelve 30-day months, on the aggregate Note Balance of the Class A Notes immediately prior to such Payment Date.
Note Insurer Premium. On the Closing Date, the premium due to the Note Insurer in paragraph 1(a)(i) of the Note Insurer Commitment Letter and thereafter the premium due to the Note Insurer on each Payment Date, which amount shall be equal to the Note Insurer Premium Rate and the Note Balance immediately prior to such Payment Date.