Premium Supplement definition

Premium Supplement. As defined in the Insurance Agreement.

Premium Supplement means a non-refundable premium, in addition to the premium payable in accordance with Section 3.02 of this Agreement, payable by Arcadia Financial to Financial Security in monthly installments commencing on the first Distribution Date following the Premium Supplement Commencement Date and on each Distribution Date thereafter, payable in accordance with the terms of the Premium Letter.

Premium Supplement means a non-refundable premium, in addition to the premium payable in accordance with Section 3.2 of this Agreement, accruing to Financial Security in monthly installments commencing on the date of the occurrence of an Event of Default whether or not an Event of Default shall have been declared and on each monthly anniversary thereof in accordance with the terms set forth in the Premium Letter.

Examples of Premium Supplement in a sentence

• Anything herein or in any of the Transaction Documents notwithstanding, upon the occurrence of an Event of Default, the entire outstanding balance of further installments of the Premium and Premium Supplement shall be immediately due and payable.

• The Premium and Premium Supplement, if any, paid hereunder or under the Sale and Servicing Agreement shall be nonrefundable without regard to whether Financial Security makes any payment under the Note Policy or any other circumstances relating to the Notes or provision being made for payment of the Notes prior to maturity.

• In consideration of the issuance by Financial Security of the Note Policy, Arcadia Financial shall pay Financial Security the Premium and Premium Supplement, if any, as and when due in accordance with the terms of the Premium Letter.

• All payments of Premium and Premium Supplement, if any, shall be made by wire transfer to an account designated from time to time by Financial Security by written notice to the Seller and Arcadia Financial.

• The Premium and Premium Supplement, if any, paid hereunder or under the Sale and Servicing Agreement shall be nonrefundable without regard to whether Financial Security makes any payment under the Policies or any other circumstances relating to the Notes or the Certificates or provision being made for payment of the Notes or the Certificates prior to maturity.

More Definitions of Premium Supplement

Premium Supplement has the meaning assigned to such term in the Premium ------------------ Letter.

Premium Supplement means a non-refundable premium in addition to the premium payable in accordance with Section 3.02 of the Insurance Agreement, in an amount equal to 0.22% per annum of the principal amount of the Securities outstanding on the Premium Supplement Commencement Date, which will accrue from the Premium Supplement Commencement Date until the Premium Supplement Termination Date, and which is payable on each Payment Date following the Premium Supplement Collection Date until the Premium Supplement Termination Date, if any.

Premium Supplement means a non-refundable premium, in addition to the premium payable in accordance with Section 3.2 of this Insurance Agreement, accruing to Assured Guaranty in monthly installments commencing on the date of the occurrence of an Event of Default whether or not an Event of Default shall have been declared and on each monthly anniversary thereof in accordance with the terms set forth in the Premium Letter.

Premium Supplement means a non-refundable premium, in addition to the premium payable in accordance with Section 3.02 of the Insurance Agreement, payable by the Company to Financial Security in monthly installments commencing on the Premium Supplement Commencement Date and on each monthly anniversary thereof, in accordance with the terms of the Premium Letter, until the Premium Supplement Termination Date, in an amount equal to 0.23% times the principal amount of the Securities outstanding on the Premium Supplement Commencement Date.

Premium Supplement means a non-refundable premium in addition to the premium payable in accordance with Section 3.02(d)(i) and (ii) of this Agreement, which shall automatically accrue to FSA commencing on the Premium Supplement Commencement Date and be payable on each Payment Date in accordance with the terms set forth in Section 3.02(d)(iii) of this Agreement.

Premium Supplement has the meaning specified in the Fee Letter.

Premium Supplement means that certain Premium Supplement between the Trust and MBIA dated as of the Closing Date, as the same may be amended or otherwise modified from time to time.