Premium Interest definition

Premium Interest means the premium payable by the Guarantor to the Seller in accordance with the Subordinated Loan Agreement, as determined thereunder.
Premium Interest shall be equal to the cumulative amount of unreimbursed premiums paid on the Policy by the Assignee, less any Policy loans outstanding to Assignee (including any accrued interest on such loans).
Premium Interest means, with respect to any Premium received ---------------- or receivable by AIL in respect of any Insurance Product that shall have been arranged by any Obligor, a portion of such Premium equal in amount to the commission or other similar fee that is or will be payable to such Obligor by AIL upon remittance of such Premium to AIL.

Examples of Premium Interest in a sentence

  • Interest and Premium Interest on Fixed Rate SecuritiesEach Fixed Rate Security bears interest on its outstanding nominal amount from and including the Interest Commencement Date either (i) at the rate per annum (expressed as a percentage) equal to the Rate of Interest or (ii) in an Interest Amount, such interest being payable in arrear on each Interest Payment Date.

  • Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts.

  • Payment of Principal, any Premium, Interest and Additional Amounts.

  • There shall be and is hereby established a pay plan for the employees and officers of the City in accordance with the provisions of this Section.

  • Arnold J said the same in Pinterest Inc v Premium Interest Ltd [2015] EWHC 738 (Ch), [2015] FSR 27 at [36], in which he said that the same principle applied to a CTM, and that the contrary was not even arguable.

  • Interest Premium: Interest Premium is paid once, at the end of the term, if the conditions have been fulfilled.

  • However, these limitations do not apply to a suit instituted by a holder for enforcement of payment of the principal of and premium, if any, or interest or any Additional Amounts on its notes on or after the respective due dates.Section 5.8 Unconditional Right of Holders to Receive Principal, Premium, Interest and Additional Amounts.

  • Interest and Premium Interest on Fixed Rate Securities Each Fixed Rate Security bears interest on its outstanding nominal amount from and including the Interest Commencement Date either (i) at the rate per annum (expressed as a percentage) equal to the Rate of Interest or (ii) in an Interest Amount, such interest being payable in arrear on each Interest Payment Date.

  • Section VI.C.2 of the Enforcement Policy provides the method forPENSION BENEFIT GUARANTY CORPORATIONRequired Interest Rate Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations Following Mass WithdrawalAGENCY: Pension Benefit Guaranty Corporation.ACTION: Notice of interest rates and assumptions.SUMMARY: This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations.

  • Long-term liability activity for the year ended June 30, 2020 was as follows: Balance Balance Due Within7/1/2019 Additions Reductions 6/30/2020 One Year General Obligation School Building and Improvement Bonds $ 124,900,000 $ - $ 3,300,000 $ 121,600,000 $ 13,150,000 8,719,061Amortizable Bond Premium Interest expense paid and expended for the year ended June 30, 2020 was $5,055,188 and 4,290,372, respectively.


More Definitions of Premium Interest

Premium Interest means the premium payable by the Guarantor to the Seller in accordance with the Subordinated Loan Agreement, as determined thereunder.Excess Receivables and support for further issues Sale and DistributionTo support the issue of further Series of Covered Bonds, (i) Excess Receivables may be retained in the Portfolio or (ii) Eligible Assets may be acquired from the Seller with the proceeds of the Subordinated Loan Agreement, in order to ensure that the Cover Pool both before and after the issue of the new Series of Covered Bonds complies with the Statutory Tests.