Premium Advance definition

Premium Advance. The Company's Premium Advance shall be an amount equal to the cumulative total of its share of premiums paid on the Policy.
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Premium Advance means an Advance against an Eligible Subject Loan in the amount described in Section 2.1(c)(4) hereof.
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Premium Advance is an amount equal to the lesser of (i) the cumulative total of the Company's share of premiums paid on the Insurance, or (ii) the cash surrender value of the Insurance as of the applicable date. Subject to Section 6 below, in the event of the death of the Employee, the "Premium Advance" shall be equal to the greater of (i) the cumulative total of the Company's share of premiums paid on the Insurance, or (ii) the total death benefits payable under the Insurance less the Employee's Death Benefit. Subject to Section 6 below, in exchange for the Company's payment of its premium contribution under Section 4, the Employee agrees to pay to the company the amount of its Premium Advance on the earlier of:
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Examples of Premium Advance in a sentence

  • Initial Premium Advance Payment Amount:*Please review Bank Draft Disclosure for additional information.

  • In the event a Policy matures on or after the Effective Date, any Fractional Position relating to the Policy with respect to which a Pre-Petition Default Amount including any unpaid Premium Advance is owing shall be a Pre- Petition Abandoned Position, or if not a Pre-Petition Abandoned Position, the unpaid Pre-Petition Default Amount will be deducted from the maturity proceeds and will be paid to the Position Holder Trust.

  • This Premium Advance Request is submitted to the Lender pursuant to Section 2.2(a) of the Agreement.

  • Customer will receive Standard Depot Repair as part of Limited Hardware Warranty or Premium Advance Replacement Plan, if purchased separately and as indicated in the order for customer support services.

  • After giving effect to such Premium Advance, the aggregate principal balance of all outstanding Premium Advances will be $________.

  • The undersigned hereby requests a Premium Advance in the aggregate principal amount of $_______ to be made on ___________, 200__.

  • The undersigned hereby requests a Premium Advance in the aggregate principal amount of $_________ to be made on ________, 199__.

  • After giving effect to such Premium Advance, the aggregate principal balance of all outstanding Premium Advances will be $___________.

  • Current members mean those who had paid the current year’s membership fee by the date of filling out the questionnaire.

  • Premium Advance Deposits Unclaimed property on deposit with or held by state agencies comes under the purview of the West Virginia State Treasurer’s Office who sees that proceeds from such property are deposited in the state’s general revenue fund.

Related to Premium Advance

  • Term Advance has the meaning specified in Section 2.01(a).

  • Equipment Advance is defined in Section 2.1.1.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • 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.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Revolving Advance has the meaning given in Section 2.1.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

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

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;