Release Premium definition

Release Premium means, with respect to the related Individual Property released in accordance with Section 2.6.2 hereof, the difference between the Adjusted Release Amount and the Release Amount for such Individual Property.
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Release Premium means, for any Property Release, the applicable Release Premium Percentage times the aggregate Property Borrowing Base of the Financed Properties released in connection with such Property Release.
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Release Premium means for a Collateral Property as of any date of determination, an amount equal to one hundred fifteen percent (115%) of the Allocated Loan Amount for such Collateral Property.
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Examples of Release Premium in a sentence

  • THDA will pay a Service Release Premium (SRP) in an amount equal to 1% of the loan amount on closed loan packages received prior to the first payment due date.

  • Mortgage Loans to mortgagors not receiving Entry Costs Assistance shall be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest and (ii) the applicable Servicing Release Premium.

  • Mortgage Loans to mortgagors receiving Entry Cost Assistance will be acquired by the Servicer from the Mortgage Lenders at a price equal to 100% of the principal amount thereof plus (i) accrued interest, (ii) the applicable Servicing Release Premium, and (iii) the amount of cash assistance provided by the Mortgage Lender for such Loan, as directed by the Authority.

  • Unless otherwise stated in specific program guidelines, the Originating Lender may not earn in excess of 2.5% compensation (including any points charged and the Service Release Premium) on each loan.

  • THDA will pay a Service Release Premium (SRP) in an amount equal to 1% of the loan amount.

  • LENDER COMPENSATION SUMMARY  The lender compensation is 2.50% and is paid in Service Release Premium SRP.

  • Lender compensation will be in the form of a Servicing Release Premium (SRP) equal to 2.50%, effective January 01, 2023.

  • In connection with a Property Release, it shall provide a report (the “Release Premium Report”) to the Agent and the Calculation Agent detailing the Release Premium, the Release Premium Deduction, the Reduction Amount, the Property Value, the Property Borrowing Base and the Borrowing Base, both before and after giving effect to such Property Release, in form and substance reasonably acceptable to the Agent.

  • If a Mortgage Loan is refinanced within the first six months of Utah Housing purchasing the Mortgage Loan by the same Lender from whom Utah Housing purchased the Mortgage Loan, Utah Housing may require the Lender to reimburse the Servicing Release Premium (SRP) paid to the Lender at the time the Mortgage Loan was purchased.

  • The Purchaser or Purchaser’s agent shall pay to Seller the Purchase Price relating to each Loan, as well as the Service Release Premium, if any, for the Servicing Rights related to each Loan, sold by Seller to Purchaser under the terms of this Agreement on the applicable Sale Date by wire transfer in immediately available funds to an account designated by Seller in writing.


More Definitions of Release Premium

Release Premium means the amount equal to the Release Amount minus the Allocated Loan Amount provided that such amount shall not be less than zero.
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Release Premium of a Property at any time means the Release Price of such Property minus its Allocated Loan Amount.
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Release Premium. For any Property Release, (i) if in connection with the Initial Securitization, 5% of the Property Borrowing Base of the released Financed Property and, (ii) otherwise, 10% of such Property Borrowing Base.
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Release Premium has the meaning assigned to that term in Section 5.11.
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Related to Release Premium

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Release Price As defined in Section 4.5(a).

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Release Property has the meaning set forth in Section 2.5.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Deposit Premium means the estimated amount determined for each Member Entity necessary to fund each layer of coverage for each Policy Year of each Program of PARSAC.

  • Annual Premium means the premium set by Us and payable for cover under this policy for a full academic year.

  • Buyer’s Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Insurance Premiums shall have the meaning set forth in Section 5.1.1(b).

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Release Amount has the meaning set forth in Section 4.3(f).

  • State premium tax liability means any liability

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Redemption Premium means 125%.

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.