Premium Factor definition

Premium Factor means (a) for the period from the Closing Date to and including October 31, 2004, 20%; (b) for the period from and including November 1, 2004 to and including October 31, 2006, 15%; and (c) for the period from and including November 1, 2006 to and including the Maturity Date, 5%.
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Premium Factor. With respect to any Payment Date, the result of (i) the aggregate Principal Balances of all Mortgage Loans in the Fixed Rate Group having Mortgage Interest Rates less than 8.55% divided by (ii) the aggregate Principal Balance of all Mortgage Loans in the Fixed Rate Group.
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Premium Factor. THE AMOUNT SHOWN ON THE FOLLOWING CHART [BASED ON THE INDEX RATE BEING THE T-BILL RATE] FOR THE MONTH IN WHICH A PREPAYMENT OCCURS: --------------------------------- NUMBER OF MONTHS PREMIUM REMAINING IN LOAN TERM FACTOR --------------------------------- 120-109 0.070 --------------------------------- 108-97 0.065 --------------------------------- 96-85 0.060 --------------------------------- 84-73 0.054 --------------------------------- 72-61 0.048 --------------------------------- 60-49 0.042 --------------------------------- 48-37 0.036 --------------------------------- 36-25 0.029 --------------------------------- 24-13 0.022 --------------------------------- 12 OR LESS 0.013 ---------------------------------
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Examples of Premium Factor in a sentence

  • The Total Guaranteed Value Interest Rate and the Total Guaranteed Value Premium Factor are shown on the Schedule Pages.

  • We may use a Net Premium Factor greater than the minimum Net Premium Factor at our sole discretion.

  • On the Issue Date, the Indexed MNA Base is equal to the Allocated Premium Payment to the Indexed Strategy multiplied by the Minimum Nonforfeiture Amount Premium Factor shown on the Contract Data Page.

  • In any case, You agree to pay for the cost of any such insurance and if You fail to do so, We may declare Your Account in default.

  • The Net Single Premium Factor on a date during a policy processing period is determined by interpolating between the factors for the policy processing date immediately preceding and immediately following that date.

  • The minimum Net Premium Factor is shown on the policy data pages.

  • The initial Total Guaranteed Value is equal to the Initial Premium multiplied by the Total Guaranteed Value Premium Factor.

  • The Minimum Nonforfeiture Amount Premium Factor and the Nonforfeiture Rate are shown on the Contract Data Page.

  • The Fixed and Indexed Guaranteed Value Interest Rates, as well as the Guaranteed Value Premium Factor are shown on the Schedule Pages.

  • How We Determine Net Premium To calculate the Net Premium, we multiply the premium paid times the Net Premium Factor.


More Definitions of Premium Factor

Premium Factor means _____.
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Premium Factor means (a) for the period from the Closing Date to and including October 31, 2004, 20%; (b) with respect to the period from and including November 1, 2004 to and including October 31, 2006, 15%; and (c) with respect to the period from and including November 1, 2006 to and including the Maturity Date, 5%.
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Premium Factor means the factor provided in the actuarial table for use in determining the premium.
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Premium Factor means 0.187.
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Related to Premium Factor

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Loss Factor means the scaling factor determined in accordance with clause 6 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Load factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.