Premium Payment Schedule definition

Premium Payment Schedule has the meaning set forth in the Servicing Agreement.
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Premium Payment Schedule means, with respect to each Pledged Policy, a written schedule of premium payments to be made in respect of such Pledged Policy (including the dates upon which such payments are due to the applicable Issuing Insurance Company), which schedule shall be prepared by Servicer per the directed or agreed upon optimization parameters in accordance with the Servicing Standard in order to pay the applicable Premiums, which may be updated from time to time by Servicer with the consent of the Administrative Agent.
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Premium Payment Schedule means the premium payment schedule which the Lender is required to obtain from the Scheme Website setting out the due dates and amounts of each payment of the Scheme Guarantee Premium in respect of a Scheme Facility, as amended, varied, supplemented or replaced from time to time (provided that any such notification shall not have retrospective effect and if such a notification is made part way through an Annual Scheme Period and relates to that Annual Scheme Period then the revised types of Eligible Facilities so notified and which the Lender is permitted to make available shall only have effect on or following the date specified in such notice (which such date cannot precede the date of the notice));
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Examples of Premium Payment Schedule in a sentence

  • With respect to any universal life Policy for which Servicer has received the annual statement from the respective Insurer, Servicer shall review the cost of insurance and additional policy charges in such annual statement to determine approximate increases that are in addition to the Premium Payments listed in the Premium Payment Schedule (each a “Short-Term Premium Review”).

  • Each year this Agreement remains in force, the Company shall pay the premiums on the Policy equal to the amounts specified on the Premium Payment Schedule attached hereto as Exhibit A.

  • In addition Servicer will, itself or through a subcontractor approved by the Position Holder Trust, continue to optimize premiums on the Policies to the extent possible, and adjust the Premium Payment Schedule accordingly, in accordance with the procedures set forth in the Portfolio Related Information delivered on the Effective Date, and developed thereafter in accordance with this Agreement.

  • Servicer shall notify Position Holder Trust of such potential increases in the respective Premium Payment and adjust the Premium Payment Schedule accordingly.

  • Servicer shall monitor insurance premium and other notices received by Servicer from the Insurers with respect to the Policies and adjust the Premium Payment Schedule when warranted and such changes shall be reflected in the Premium Due Date Schedule delivered to Position Holder Trust in accordance with paragraph 3(c) of this Schedule.

  • In addition, Servicer shall monitor CSV in each Policy, and Policy Premium Reserves available for each Policy, and include these in the Premium Payment Schedule, so that Position Holder Trust and the Continuing Fractional Holders can continue to utilize CSV and Premium Reserves to satisfy premium requirements on Policies to the extent available.