Premium Loans definition

Premium Loans. The Loans having Pass-Through Rates in excess of 5.50% per annum.
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Premium Loans. The Loans having Pass-Through Rates in excess of 7.75% per annum.
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Premium Loans means those loans taken by the Insurance Trust through the Kai- Zen Trust, and subject to the terms of the Kai-Zen Trust, to fund premium payments on Insurance Policies.
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Examples of Premium Loans in a sentence

  • The Policyowner may also elect to pay Policy Premiums through Automatic Premium Loans.

  • Settlor acknowledges that pursuant to the terms of the Kai-Zen Trust, the Trustee of the Kai-Zen Trust may obtain a Premium Loan(s) from a third-party lender for the purpose of paying premiums on insurance policy(ies) held by this Trust and such loan may be secured by a Collateral Assignment on such policy.

  • In the event any portion of such Premium Loan(s) is used for the payment of premiums on any insurance policy held by this Trust, this Trust shall be liable for the repayment of any such loan allocated to such policies, including principal and interest, and the assets of this Trust shall be used for such repayment.

  • The Grantor will, except as otherwise provided in this subsection (d), continue to collect, at its own expense, all amounts due or to become due under the Insurance Premium Loans.

  • Compensable delay is a delay where the Contractor is entitled to a time extension and to additional compensation.

  • It is the intention of the parties that the conveyance of the Insurance Premium Loans hereunder constitute a sale and not pledges of security for a loan and the parties will treat such conveyance as a sale for tax and accounting purposes.

  • The Assignor has obtained all applicable permits, certifications and licenses (including all licenses to originate Insurance Premium Loans) necessary with respect to its business and properties and all Insurance Premium Loans and the Life Insurance Policy related thereto.

  • The Assignor has complied with all Requirements of Law with respect to it, its business and properties and all Insurance Premium Loans and the Life Insurance Policy related thereto.

  • The Assignor will maintain all applicable permits, certifications and licenses (including all licenses to originate Insurance Premium Loans) necessary with respect to its business and properties and all Insurance Premium Loans and the Life Insurance Policy related thereto.

  • The Assignor will comply in all material respects with all Requirements of Law with respect to it, its business and properties and the Insurance Premium Loans and related Life Insurance Policies.


More Definitions of Premium Loans

Premium Loans. The Mortgage Loans identified as Premium Loans on the Mortgage Loan Schedule.
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Premium Loans. All Mortgage Loans having Pass-Through Rates in excess of 5.50%.
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Premium Loans. The Mortgage Loans identified as Loan Numbers 1, 2, 4, 6, 8, 10, 14, 15, 16, 20, 21, 22, 25, 28, 30, 34, 36, 39, 40, 41, 44, 49, 51, 53, 55, 57, 58, 59, 64, 66, 67, 73, 78, 79, 83, 86, 92, 101, 105, 122, 143, 163, 179 and 188 on the Mortgage Loan Schedule.
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Premium Loans has the meaning ascribed to such term in Section 10.21.
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Premium Loans. The Loans having Net Mortgage Rates as of the Cut-Off Date in excess of 6.000% per annum.
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Related to Premium Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

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

  • Replacement Loans has the meaning specified in Section 10.01.

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • 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.