Sinosure Premium definition

Sinosure Premium means the premium payable by the Borrower to Sinosure in respect of the Sinosure Policy in accordance with Clause 4.1 (Sinosure Premium).
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Sinosure Premium means the premium due to Sinosure under the Sinosure Cover for a maximum amount currently estimated to be US$4,010,942.91, such premium being subject to the final approval of Sinosure.
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Sinosure Premium means the premium payable to Sinosure under the Sinosure Insurance.
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Examples of Sinosure Premium in a sentence

  • For the avoidance of doubt, under no circumstances shall the Finance Parties be responsible for the payment of all or any part of the Sinosure Premium.

  • The Sinosure Cover will only become effective after payment by the Borrower of the Sinosure Premium.

  • The amount of the Sinosure Premium provided by Sinosure in such notice shall be binding upon the Borrower.

  • No part of any Sinosure Premium shall be refundable except in accordance with the terms of the relevant Sinosure Policy and Sinosure’s internal regulations.

  • Subject to the final confirmation of Sinosure, the Sinosure Premium in relation to the relevant Sinosure Policy will be calculated as follows: P = (A + B) x C Where: P = amount of the premium payable in respect of the Sinosure Policy; A = Commitments under that Tranche (in dollars); B = estimated total accumulated interest amount of that Tranche; and C = the premium rate as set out in the Sinosure Policy.

  • The Parties agree that any unpaid Sinosure Premium and any unpaid fees, costs and expenses of Sinosure shall constitute amounts then due and payable in respect of the Facility under the Finance Documents for the purposes of the amounts then due and payable in respect of paragraph (a) or (b) of Clause 35.5 (Application of receipts; partial payments).

  • Without prejudice to the foregoing, the Sinosure Agent shall provide to the Borrowers copies of any documentation it has received from Sinosure with respect to the calculation of the Sinosure Premium.


More Definitions of Sinosure Premium

Sinosure Premium means the insurance premium of US$8,798148.66 payable in Dollars to Sinosure under the Sinosure insurance Policy in respect of the cover provided by Sinosure under the Sinosure Insurance Policy. “SMC” means a safety management certificate to be issued in respect of each of the Vessels in accordance with rule 13 of the ISM Code. “Specified Amount” has the meaning given to it in Clause 20.6(e). “Specified Time” means a time determined in accordance with Schedule 9 (Timetables). “Subsidiary” means in relation to any company, corporation or other legal entity, (a “holding company”), a company, corporation or other legal entity: (a) which is controlled, directly or indirectly, by the holding company; (b) more than half the issued share capital of which is beneficially owned, directly or indirectly, by the holding company; or (c) which is a subsidiary of another subsidiary of the holding company, and, for this purpose, a company or corporation shall be treated as being controlled by another if that other company or corporation is able to determine the composition of the majority of its board of directors or equivalent body. “Swap Rate” means for any applicable period: (a) the rate per annum equal to the quotation for US Dollars for a period equal to, or as near as possible equal to, the relevant applicable period which appears on page ISDAFIXI (or other replacement or appropriate page) of the Reuters Monitor Money Rates Service 20
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Sinosure Premium means the insurance premium of US$8,798148.66 payable in Dollars to Sinosure under the Sinosure Insurance Policy in respect of the cover provided by Sinosure under the Sinosure Insurance Policy.
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Sinosure Premium means, in relation to each Sinosure Policy, the premium payable to Sinosure in one lump sum, before the date of the Utilisation Request in respect of the Ship to which that Sinosure Policy relates.
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Related to Sinosure 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.

  • 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.

  • 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.

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

  • 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.