Examples of Premium Payment Amount in a sentence
On each Distribution Date, the Trustee shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Premiums collected by the Servicer in connection with the Principal Prepayment of any of the Group 2 Mortgage Loans or any Servicer Prepayment Premium Payment Amount and shall distribute such amounts to the Holders of the Class P-2 Certificates.
If the Calculation Agent determines that a Premium Trigger Event has occurred, the Issuer shall pay in respect of each Note of a Series an amount equal to the Premium Payment Amount on the Premium Payment Date.
If a Premium Trigger Event occurs in relation to a Series of Sustainability-Linked Redemption Premium Notes, then the Issuer shall pay in respect of each relevant Sustainability-Linked Redemption Premium Note an amount equal to the Premium Payment Amount on the Premium Payment Date.
The parties hereto acknowledge that the Premium Payment Amount shall survive acceleration of the Obligations and/or the occurrence of any insolvency proceeding, and shall automatically accrue to the principal amount of the Notes and shall constitute part of the Obligations for all purposes herein.
If any Note is accelerated for any reason pursuant to the terms herein, the Premium Payment Amount shall be calculated as if the date of acceleration of such Note was the date of prepayment of such Note.