PMI Insurance Premium definition

PMI Insurance Premium. With respect to each Distribution Date and each Mortgage Loan covered by a Bulk PMI Policy, the product of (a) one-twelfth of the applicable Insurance Fee Rate and (b) the Scheduled Principal Balance of such Mortgage Loan as of the first day of the related Collection Period.
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PMI Insurance Premium. Not applicable.
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PMI Insurance Premium. An amount payable to the PMI Insurer equal to the percentage of the Stated Principal Balance of each Mortgage Loan insured under the PMI Policy set forth in the insurance agreement between the PMI Insurer, the Administrator on behalf of the Issuer and the Seller (plus any applicable taxes set forth in such agreement).
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Examples of PMI Insurance Premium in a sentence

  • In addition, on each Distribution Date, the Trustee shall pay the PMI Insurer, the PMI Insurance Premium for such Distribution Date from the funds in the Certificate Account.

  • In addition, on each Distribution Date, the Trustee shall pay to the Supplemental PMI Insurer the Supplemental PMI Insurance Premium for such Distribution Date, shall pay to itself any investment earnings as its compensation, or retain the benefit of any balances held therein, as applicable, and shall pay to the Loss Mitigation Advisor the Advisor's Fee, from the funds in the Distribution Account.

  • In addition, on each Distribution Date, the Trustee shall pay to the Supplemental PMI Insurer the Supplemental PMI Insurance Premium for such Distribution Date from the funds in the Distribution Account.


More Definitions of PMI Insurance Premium

PMI Insurance Premium. The premium for the PMI Policy, equal to one month's interest on Scheduled Principal Balance of the Mortgage Loans covered by the PMI Policy as of the Cut-off Date at the PMI Insurance Premium Rate, payable by the Trustee on each Distribution Date from amounts on deposit in the Certificate Account in accordance with Section 3.09(b)(i) of this Agreement.
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PMI Insurance Premium. With respect to each Distribution Date and each Pool 2 Mortgage Loan covered by a Bulk PMI Policy or other lender-paid Primary Mortgage Insurance Policy, the product of (a) one-twelfth of the applicable Insurance Fee Rate and (b) the Scheduled Principal Balance of such Mortgage Loan as of the first day of the related Collection Period. PMI Letter Agreement: Not applicable.
Sample 1
PMI Insurance Premium. With respect to each Distribution Date, the premium for the PMI Policy, equal to one month's interest at the PMI Insurance Premium Rate on the Scheduled Principal Balance (as of the beginning of the related Due Period) of the Mortgage Loans which were covered by the PMI Policy as of the Cut-off Date, together with certain state taxes imposed on such premiums, payable by the Trustee on each Distribution Date from amounts on deposit in the Certificate Account in accordance with Section 4.02(b) of this Agreement.
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Related to PMI Insurance Premium

  • 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.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

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

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • 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.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

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

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • 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.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • State premium tax liability means any liability

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

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

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

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.