Examples of Premium Side Letter Agreement in a sentence
The Insurer shall have received a fully executed copy of the Premium Side Letter Agreement and a copy of each of the Transaction Documents, in form and substance satisfactory to the Insurer, duly authorized, executed and delivered by each party thereto.
The Insurance Premium shall be calculated according to the Premium Side Letter Agreement for the amount due on or before the Date of Issuance and for the amount due on each Payment Date.
The Insurer shall have been paid by the Servicer or the Seller, in accordance with the terms of the Premium Side Letter Agreement, that portion of a nonrefundable Insurance Premium payable on the Date of Issuance and the Servicer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 hereof as payable.
For purposes of the Sale and Allocation Agreement, the term “Premium Percentage” shall have the meaning set forth in the Premium Side Letter Agreement.
On each Distribution Date, the Indenture Trustee, in accordance with the Servicer's written instructions, shall, in its capacity as Paying Agent, withdraw such Interest and Premium amounts from the Distribution Account and distribute such Interest and Premium amounts in accordance with (i) Section 5.1(b) of each of the Supplements and (ii) each Premium Side Letter Agreement with respect to Series 2002-A and Series 2003-A, respectively.