Premium Payment definition

Premium Payment means $10 000 000 being the amount determined by the Treasurer of the State under section 112A of the Casino Control Act as the amount payable by the Company under this document;

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Premium Payment. As to any Distribution Date, (i) the product of (a) 1/12th of 0.060% and (b) the Class A Principal Balance of the Class A-3 Certificates as of the Determination Date immediately preceding such Distribution Date minus (ii) the Premium Percentage of (x) any Non-Supported Interest Shortfall allocated to the Class A Certificates and the Premium Payment with respect to such Distribution Date, (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates and the Premium Payment with respect to such Distribution Date pursuant to Section 4.02(e) and (z) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates and the Premium Payment on or after the Cross-Over Date pursuant to Section 4.02(e). The Premium Payment will be an expense of the REMIC.

Premium Payment. For any Distribution Date, the product of 1/12th of 0.07% and the Current Principal Amount of the Class I-A-3 Certificates for such Distribution Date prior to any distributions thereon.

Examples of Premium Payment in a sentence

• Company shall have submitted an application for the listing of the Warrant Shares on the Exchange, and such application and listing shall have been approved by the Exchange, subject only to official notice of issuance, in each case, on or prior to the Premium Payment Date.

• Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Premium Payment Date, with respect to the matters set forth in Sections 8(a) through (c) of this Confirmation; provided that any such opinion of counsel may contain customary exceptions and qualifications.

• The amount of the Initial Premium Payment is shown in the Schedule.

• Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

• Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Premium Payment Date, with respect to the matters set forth in Sections 8(a) through (c) of this Confirmation.

More Definitions of Premium Payment

Premium Payment has the meaning given to it in Clause 3.2;

Premium Payment means, in respect of an Option, the Premium multiplied by the Tender Capacity for one Day, multiplied by the number of Permitted Exercise Days, in each case in respect of that Option, such Premium Payment being the sum specified as such in the relevant Tender Acceptance;

Premium Payment. As to any Distribution Date, (i) the product of (a) 1/12th of 0.075% and (b) the Class A Subclass Principal Balance of the Class A-8 Certificates as of the Determination Date immediately preceding such Distribution Date minus (ii) the Premium Percentage of (x) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates and Financial Security with respect to such Distribution Date pursuant to Section 4.02(e) and (z) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates and Financial Security on or after the Cross-Over Date pursuant to Section 4.02(e). The Premium Payment will be an expense of the Lower-Tier REMIC.

Premium Payment means the actual receipt of cash funds by us.

Premium Payment shall have the meaning ascribed to it in Section 8.1(a).

Premium Payment. As to any Distribution Date, (i) the product of (a) 1/12th of 0.060% and (b) the Principal Balance of the Class A-5 Certificates as of the Determination Date immediately preceding such Distribution Date minus (ii) the Premium Percentage of (a) any Non-Supported Interest Shortfall allocated to the Class A Certificates and the Premium Payment with respect to such Distribution Date (b) any Relief Act Shortfall allocated to the Class A Certificates and the Premium Payment and (c) the interest portion of any Realized Losses allocated to the Class A Certificates and the Premium Payment on or after the Subordination Depletion Date pursuant to Section 4.02(c).

Premium Payment means a payment due pursuant to Subparts “2.b” and “2.c” of this Subpart “E”.