R&W Insurance Premium definition

R&W Insurance Premium means the premium, underwriting fees, brokerage fees, legal fees for counsel engaged by the Insurer, surplus lines tax and any other costs and expenses associated with obtaining the R&W Insurance Policy and binding coverage thereunder and set forth in invoice(s) from the Insurer in respect thereof, such amount not to exceed $225,000 in the aggregate.
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R&W Insurance Premium means the premium due under the R&W Insurance Policy.
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R&W Insurance Premium means the premium payment due at or prior to Closing to the issuer of the R&W Insurance Policy, including any diligence, commission and underwriting fees payable in respect thereof.
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Examples of R&W Insurance Premium in a sentence

  • For the avoidance of doubt, in the event that the Closing shall not take place, the Company shall not be required to pay the R&W Insurance Premium.

  • The R&W Insurance Premium shall constitute a Transaction Expense.

  • Prior to the Closing, Parent shall have obtained the R&W Insurance Policy from an insurer with terms mutually agreeable to Parent and the Stockholder Representative, with the R&W Insurance Premium being split equally by Parent and the Company (the Company’s share of such R&W Insurance Premium being deemed a Transaction Expense).

  • At Closing, in connection with the issuance of such R&W Insurance Policy, Buyer will pay, or will cause to be paid, the R&W Insurance Premium and the amount of any other costs, fees or expenses associated with obtaining the R&W Insurance Policy.

  • The R&W Insurance Policy shall have been issued and bound and remain in full force and effect, subject to the payment of any portion of the R&W Insurance Premium to be paid at the Closing.

  • The R&W Insurance Policy shall be effective, following the payment of the R&W Insurance Premium at Closing.

  • Purchaser shall have obtained the R&W Insurance Policy from an insurer and with terms mutually agreeable to Purchaser and the Sellers, and evidence of the binding of such coverage and payment of the R&W Insurance Premium by Purchaser, together with a copy of such policy, shall have been delivered to the Sellers.

  • Additional block awards will be issued when a student earns point totals of 125 and 175.

  • The Purchase Price, less the amount of the R&W Insurance Premium, and less the Escrow Amount, shall be paid on the Closing Date by Buyers to Seller by wire transfer of immediately available funds to an account designated in writing by Seller to Buyers.

  • No later than three (3) Business Days prior to the anticipated Closing Date, Parent shall provide the Company with documentation reflecting an accounting of the R&W Insurance Premium Amount.


More Definitions of R&W Insurance Premium

R&W Insurance Premium means the amount required to be paid to insurers in connection with the placement of the R&W Insurance Policy (including, but not limited to, amounts paid to the insurer at inception of such policy in respect of costs incurred by the insurer in respect of premium payments, diligence and other fees, expenses and Taxes of the insurer related thereto) in an aggregate amount equal to Two Hundred Eighty Thousand Dollars ($280,000)
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R&W Insurance Premium means the premium due in the amount of $185,500 for the R&W Insurance Policy, payable pursuant to Section 7.3.
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R&W Insurance Premium means the premium, underwriting fees, brokerage fees, taxes, surplus lines tax and fees required by Law and any other costs and expenses associated with obtaining the R&W Insurance Policy and binding coverage thereunder.
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Related to R&W Insurance Premium

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • 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.

  • 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.

  • 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.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Reimbursement insurance policy means a policy of insurance

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.