Required Premiums definition

Required Premiums has the meaning set forth in the definition of Refinancing Indebtedness.
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Required Premiums has the meaning provided in clause (xiv) of the definition of Permitted Indebtedness.
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Required Premiums has the meaning provided in clause (xiv) of the ----------------- definition of Permitted Indebtedness.
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Examples of Required Premiums in a sentence

  • At the end of each layer year during the required premium period of each layer, if you have paid the cumulative required premiums for the layer as described in the Required Premiums provision, we will add a premium qualification credit to the accumulation value of that layer.

  • Subject to the Required Premiums provision below, you may pay premiums at any time prior to the policy anniversary nearest age 100.

  • PREMIUM QUALIFICATION CREDIT -- At the end of each policy year during the required premium period of the base policy, if you have paid the cumulative required premiums for the base policy as described in the Required Premiums provision, we will add a premium qualification credit to the accumulation value of the base policy.

  • To reduce Windstream’s administrative expense, you agree to provide Windstream with automatic payment authorization instructions from a financial institution from which Windstream can draw and receive Required Premiums.

  • Extended No-Lapse Guarantee Test- Your policy will satisfy this test if on any Monthiversary where the Grace Period would normally begin in the absence of this rider, the sum of the premiums paid to date, less any Partial Surrenders and any outstanding loan and loan interest, equals or exceeds the sum of the monthly Required Premiums for the Extended No-Lapse Guarantee since the Policy Date to the date of the test.


More Definitions of Required Premiums

Required Premiums has the meaning set forth in the definition of Refinancing Indebtedness. “Responsible Officer” means, when used with respect to the Trustee, any officer within the Corporate Trust Administration of the Trustee (or any successor group of the Trustee) who has direct responsibility for the administration of this Indenture and means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. “Restricted Subsidiary” of any Person means any Subsidiary of such Person which at the time of determination is not an Unrestricted Subsidiary. “S&P” means S&P Global Ratings (a division of S&P Global Inc.), or any successor thereto. “Sale and Leaseback Transaction” means any direct or indirect arrangement with any Person or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary of the Company of any property, whether owned by the Company or any such Restricted Subsidiary at the Issue Date or later acquired, which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such Person on the security of such property. “SEC” means the U.S. Securities and Exchange Commission. “Secured Debt” means any Indebtedness secured by a Lien. “Securities Act” means the Securities Act of 1933, as amended. “Securitization Entity” means a Wholly Owned Subsidiary of the Company (or another Person in which the Company or any Subsidiary of the Company makes an Investment and to which the Company or any Subsidiary of the Company transfers accounts receivable or equipment and related assets) which engages in no activities other than in connection with the financing of accounts receivable or equipment and: (i) no portion of the Indebtedness or any other Obligations (contingent or otherwise) of which (A) is guaranteed by the Company or any Restricted Subsidiary of the Company (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Company or any Restricted Subsidiary of the Company in any way other than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Company or any Restricted Subsidiary of the Company, directly or indirectly, contingently or othe...
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Required Premiums has the meaning specified in the definition of “Permitted Indebtedness” .
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Required Premiums shall have the meaning, provided in clause (xiv) ----------------- of the second paragraph of Section 4.04.
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Related to Required Premiums

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.