Sale Premium definition

Sale Premium means, with respect to any Loan sold pursuant to the this Agreement, the excess, if any, of the applicable Sale Proceeds (exclusive of accrued interest and of any amounts reimbursable to the Servicer therefrom pursuant to Section 7.03(h)) over the Outstanding Loan Balance of such Loan at the time of sale.
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Sale Premium in the case of the Initial Class C Notes (and any Exchange Notes issued therefor), the excess, if any, of (i) the Projected Principal Payment Amounts for such Notes and the Interest Amount thereon to and including the Expected Final Payment Date discounted to present value at a discount rate equal to the applicable Treasury Rate plus 0.50% over (ii) the sum of the Projected Principal Payment Amounts for such Notes to and including the Expected Final Payment Date for such Notes;
Sample 1

Examples of Sale Premium in a sentence

  • All disbursements shall be made by electronic funds transfer or by checks signed live or by facsimile signature of the Collector of Taxes and/or the Treasurer and/or Administrator:Redemption Tax Account, Tax Sale Premium Account The custodian of the following separate fund shall be Scott H.

  • In the Majority Asset Sale Offer, the Company will offer a payment (the “Majority Asset Sale Payment”) in cash equal to the aggregate principal amount of Securities repurchased, times the Majority Asset Sale Premium, plus accrued and unpaid interest, if any, on the Securities repurchased to the date of purchase (the “Majority Asset Sale Purchase Date”), subject to the rights of holders of Securities on the relevant record date to receive interest due on the relevant interest payment date.

  • Similarly, the Private Sale Premium may be recoverable on the theory that McConnell stole a corporate opportunity, or breached his fiduciary or contractual duties to Grumman.

  • These events included: - Cancellation of Appropriated Grant Reserve:$292,071.28- Tax Sale Premium Escheat:$58,500.00- UCC Revenues for isolated large projects:$89,508- Interest Income exceeding anticipated amount:$167,290.12o NOTE: Increased anticipated amount for 2020 to $175,000 – increase of $130,000.

  • A minimum of three signatures, as designated by resolution of the Governing Body, will be required on all checks drawn on municipal depositories (with the exception of payroll, payroll agency, Tax Title Lien Redemption and Tax Sale Premium accounts, where only one signature is required).

  • If an Event of Default occurs and is continuing, the Senior Trustee (at the direction of the Controlling Party if it is not the Controlling Party) may pursue any available remedy by proceeding at law or in equity to collect the payment of principal or Redemption Price of, interest or Sale Premium, if any, on the Notes or to enforce the performance of any provision of the Notes or this Indenture.

  • Resolution 20-192 A Resolution Of The Borough Council Of The Borough Of Pompton Lakes Authorizing The Transfer Of A Tax Sale Premium To The Current Fund2.

  • Similarly, the Successful Bidder shall make timely payments of the installments of Total Sale Premium and all other dues, taxes payable by him in terms of the Payment Plan and meeting its other obligations under this Agreement.

  • Also, interfaces can be defined to be realised by simulations to be called by the coordinator.

  • All disbursements shall be made by electronic funds transfer or by checks signed live or by facsimile signature of the Collector of Taxes and/or the Treasurer and/or Administrator: Redemption Tax Account, Tax Sale Premium Account The custodian of the following separate fund shall be Scott H.

Related to Sale Premium

  • 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.

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

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

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • 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.

  • 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.

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

  • 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.

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • Change of Control Redemption Premium means 125%.

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

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Net earned premium means the premiums earned in this State

  • Change of Control Payment has the meaning set forth in Section 4.01(b).

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

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • State premium tax liability means any liability

  • Discounted Value means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Change of Control Payments means any and all bonuses or other obligations or payments arising or payable as a result of or in connection with the transactions contemplated hereby (whether due at or after the Closing, with or without the passage of time or occurrence of other events, or otherwise).

  • Accreted Value means, as of the date of computation with respect to any Capital Appreciation Bonds, an amount (truncated to three (3) decimal places) equal to the original principal amount of such Capital Appreciation Bonds at the date of issuance plus the interest accrued on such Bonds from the date of original issuance of such Capital Appreciation Bonds to the date of computation, such interest to accrue at the rate of interest per annum of the Capital Appreciation Bonds (or in accordance with a table of compound accreted values set forth in such Capital Appreciation Bonds), compounded semi-annually on each Interest Payment Date; provided, however, that if the date with respect to which any such computation is made is not an Interest Payment Date, the Accreted Value of any Bond as of such date shall be the amount determined by compounding the Accreted Value of such Bond as of the immediately preceding Interest Payment Date (or the date of original issuance if the date of computation is prior to the first Interest Payment Date succeeding the date of original issuance) at the rate of interest per annum of the Capital Appreciation Bonds for the partial semi-annual compounding period determined by dividing (x) the number of days elapsed (determined on the basis of a three hundred sixty (360) day year comprised of twelve (12) thirty (30) day months) from the immediately preceding Interest Payment Date (or the date of original issuance if the date of computation is prior to the first Interest Payment Date succeeding the date of original issuance), by (y) one hundred eighty (180). A table of Accreted Values for the Capital Appreciation Bonds shall be incorporated in a Supplemental Indenture executed by the Issuer upon issuance of any Capital Appreciation Bonds.

  • 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.

  • Additional Interest means all amounts, if any, payable pursuant to Section 4.06(d), Section 4.06(e) and Section 6.03, as applicable.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • 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.