Premium Adjustment Amount definition

Premium Adjustment Amount. The amount by which the Total Premium Amount is increased or decreased from time to time in accordance with this Contract as reflected on the Premium Schedule, which may be amended and restated in accordance with Section 1.2.
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Premium Adjustment Amount has the meaning set forth in Section 1.02 (a) of this Agreement .
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Premium Adjustment Amount shall be the product of (i) a fraction the numerator of which is $23,000,000 and the denominator of which is the balance of the Accounts on the Closing Date, times (ii) the amount, if any, by which the aggregate Related Account balances on the Closing Date exceed the aggregate Related Account balances on the Premium Adjustment Date; provided, however, that the Premium Adjustment Amount shall not be payable with respect to any Related Account which Buyer has repriced, or has sent notice to the Account holder about any potential repricing, between the Closing Date and the Premium Adjustment Date. In the event that the Purchase Price calculation in this subsection results in a positive number, Seller shall pay Buyer the Purchase Price. In the event the Purchase Price calculation in this subsection results in a negative number, Buyer shall pay Seller the absolute value of the Purchase Price. The payment formula referred to above is for the sole purpose of determining the amount to be paid and transferred by the Seller to the Purchaser hereunder and shall not constitute an allocation of the purchase price for any particular asset being transferred or liability being assumed.
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Examples of Premium Adjustment Amount in a sentence

  • This Premium Schedule records the Initial Premium Amount and any subsequent Premium Adjustment Amount related to amendments to this Contract.

  • At all times after Bank has delivered a Market Deficit Notice to CLF and prior to the payment by CLF of the related Option Premium Adjustment Amount, Bank may apply any hedging strategy Bank, in its sole discretion, determines to be appropriate or reasonable.

  • During the period from the Effective Date until [the Data Finalization Amendment Date] D, (x) the Contract-Holder will have the right to enforce any provision of this Contract against Prudential and (y) the Contract-Holder and Prudential will amend this Contract as provided for in Section 2.6. [The Plan will have the right to enforce the payment of any Premium Adjustment Amount payable by Prudential to the Plan against Prudential.] D [(iii)] Prudential.

  • In the event that the Final Average Deposits are less than the Initial Average Deposits, the premium shall be decreased by the Premium Adjustment Amount.

  • The difference compared to the statutory rate for 2020 is attributed to the benefits of federal employment credits which are not directly related to the amount of pre-tax loss recorded in a period.

  • This Amendment shall not be effective until CLF shall have delivered to the Bank any due and owing Option Premium Adjustment Amount.

  • For all periods prior to the date on which Bank has delivered a Market Deficit Notice to CLF, and after CLF has timely paid any Option Premium Adjustment Amount then due and payable under the terms of the Call Option Agreement, Bank shall apply a hedging strategy to which CLF has consented (which consent CLF shall not unreasonably withhold) or any other hedging strategy that Bank, in its sole discretion, decides to adopt if such consent is not forthcoming.

  • Buyer shall pay Grantor the Option Premium, if any such amount has not been paid previously by Buyer, and/or any unpaid Option Premium Adjustment Amount, and/or any unpaid Option Margin Premium, upon the earliest to occur of (i) 30 days after the applicable Exercise Date, (ii) the Termination Date, or (iii) the effective date of a Securitization or whole loan sale related to Buyer’s exercise of the Call Option.

  • During the period from the Effective Date until the Data Finalization Amendment Date, (x) the Contract-Holder will have the right to enforce any provision of this Contract against Prudential and (y) the Contract-Holder and Prudential will amend this Contract as provided for in Section 2.5. The Plan will have the right to enforce the payment of any Premium Adjustment Amount payable by Prudential to the Plan against Prudential.

  • During the period from the Effective Date until [the Data Finalization Amendment Date]D, (x) the Contract-Holder will have the right to enforce any provision of this Contract against Prudential and (y) the Contract-Holder and Prudential will amend this Contract as provided for in Section 2.6. [The Plan will have the right to enforce the payment of any Premium Adjustment Amount payable by Prudential to the Plan against Prudential.]D [(iii)] Prudential.


More Definitions of Premium Adjustment Amount

Premium Adjustment Amount. An amount determined by the Calculation Agent pursuant to Schedule I hereto, based on the weighted average price per Share (the “Hedging Price”) to establish an initial commercially reasonable Hedge Position with respect to the Transaction during the Initial Hedging Period, taking into account the Hedge Positions acquired by it on the date hereof to establish its commercially reasonable Hedge Positions. If the Hedging Price is between two prices in the table set forth in Schedule I, the Calculation Agent shall determine the Premium Adjustment Amount using linear interpolation. If the Hedging Price is greater than the highest price or lower than the lowest price set forth on the table set forth in Schedule I, the Calculation Agent shall determine the Premium Adjustment Amount using linear extrapolation.
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Premium Adjustment Amount means the dollar amount obtained by subtracting the Final Average Deposits from the Initial Average Deposits and then multiplying such difference (if a positive number) by the Premium Adjustment Percentage.
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Related to Premium Adjustment Amount

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Adjustment Escrow Amount means $1,000,000.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Spread Adjustment means 100 basis points.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;