Premium Advances definition

Premium Advances means (a) advances made by the Debtors on or before the Effective Date to pay premiums due on Policies that were not paid by holders of Fractional Positions relating to the Policies, in amounts set forth in the Catch-Up Payments Schedule to be Filed at various times as provided in the definition of Policy Related Assets, and (b) advances made by the Position Holder Trust after the Effective Date to pay premiums due on Policies that are not paid by the Continuing Fractional Holders.
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Premium Advances means the total amount of premiums paid by the Company hereunder (including any premiums paid on the Policy by the Trustee under a trust established pursuant to Section 6(a) below) and the term "Net Policy Value" shall mean the amount by which the then cash surrender value of the Policy or, in the event the payment obligation arises pursuant to Section 3(a)(i)(x) above, the death benefit payable under the Policy, exceeds the amount of the Premium Advances. In the case of a termination of the Employee's employment described in Section 3(a)(i)(y) or Section 3(a)(i)(z) above, the Employee's Vested Life Insurance Plan Benefit shall be zero (0). In all other cases, the Employee's Vested Life Insurance Plan Benefit shall be the lesser of (x) the Net Policy Value and (y) the amount calculated by multiplying the greater of (i) $1,635,948 and (ii) the Net Policy Value by a percentage based on the Employee's age at termination of employment, Years of Service and other factors as set forth below:
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Premium Advances means the total amount of premiums paid by the Company hereunder (including any premiums paid on the Policy by the Trustee under a trust established pursuant to Section 6(a) below) and the term "Net Policy Value" shall mean the amount by which the then cash surrender value of the Policy or, in the event the payment obligation arises pursuant to Section 3(a)(i)(x) above, the death benefit payable under the Policy, exceeds the amount of the Premium Advances. In the case of a termination of the Employee's employment described in Section 3(a)(i)(y) or Section 3(a)(i)(z) above, the Employee's Vested Life Insurance Plan Benefit shall be zero (0).
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Examples of Premium Advances in a sentence

  • The amount of the Premium Advances requested are not more than the amount permitted by the Agreement to be borrowed pursuant to this Advance Request.

  • The Company acknowledges that the Lender will rely on the truth of each statement in this Advance Request in making the requested Premium Advances.

  • Your Premiums may be reduced if You are eligible for Premium Advances.

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

  • The current forms in use by the Lender are Exhibit C-PRE with respect to Premium Advances, Exhibit C-REO with respect to REO Advances, and Exhibit C-SF with respect to other Warehousing Advances attached hereto and made a part hereof (except, with respect to Ordinary Warehousing Advances, in the case of Warehousing Advance Requests submitted by RFConnects).

  • Premium Advances will be sent directly to HTH from the Federal government.

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

  • The LfWSEQ model of regional collaboration between Local Governments to deliver LfW is unique within Australia and has resulted in SEQ being a growth area for conservation on private land.

  • In general, You must meet certain household income requirements to be eligible for Premium Advances.

  • The Servicer may also retain funds constituting Collections in an amount equal to Intra-Month Draw Advances and Premium Advances funded by the Servicer to the extent the Servicer has not otherwise been reimbursed therefor as contemplated in this Indenture or the Servicing Agreement, and the Servicer shall not be required to deposit such withheld funds in the Collection Account.


More Definitions of Premium Advances

Premium Advances means advances made by the Debtors on or before the Plan Effective Date to pay premiums due on Policies that were not paid by holders of Fractional Positions relating to the Policies, in amounts set forth in the Catch-Up Payments Schedule.
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Related to Premium Advances

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Equipment Advance is defined in Section 2.1.1.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Revolving Advances means Advances made other than Letters of Credit.

  • 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.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

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

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

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

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

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

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Loan repayment means the cancellation and repayment of loans

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Revolving Advance has the meaning given in Section 2.1.