Special Premium definition

Special Premium means a premium equal to (x) on or prior to December --------------- 31, 1992, 2%, (y) thereafter through (and including) December 31, 1994, 1% and (z) thereafter, 0%, of TRUST INDENTURE the principal amount of such Certificate subject to prepayment.
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Special Premium means the premium added to the regular premium that may be imposed on the Cooperative Savings and Credit Unions that have availed themselves of the Shares and Deposits Insurance, for the payment of extraordinary losses and special or additional coverage decreed by the Corporation.
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Special Premium is defined in Section 2.2(f)(iii).
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Examples of Special Premium in a sentence

  • At the end of each policy year that the Special Premium Payment Provision is not in effect, the Special Account will be reduced to 0.

  • At the end of each policy year that the Special Premium Payment Provision is in effect, the Special Account will be restated to the lesser of its current balance or one scheduled annual premium.

  • At the beginning of each policy year that the Special Premium Payment Provision is in effect, the Company will add to a Special Account for the policy an amount equal to the scheduled annual premium for the policy including premiums for supplemental benefits and substandard extras for which commissions are normally paid.

  • The cost of insurance charge may also include an Extra Monthly Charge for Policies in a Special Premium Class.

  • If the Insured is in a Special Premium Class, the rate factor shown below will be multiplied by the Risk Factor.

  • OPTIONS (FORMS C111, C112, C116 AND STATE VARIATIONS) Scheduled Premiums First year and renewal commission rates for Scheduled Premiums paid when the Special Premium Payment Provision is not in effect.

  • OPTIONS (Forms C111, C112, C116 and state variations) Scheduled Premiums First year and renewal commission rates for Scheduled Premiums paid when the Special Premium Payment Provision is not in effect.

  • Loans If this Option has been chosen in writing and a premium is not paid by the end of its grace period, a premium will be paid using any available Loan Value of the Policy as long as the Special Premium Option is not applied.

  • Section 8 of the Existing Note Agreements is amended by (a) deleting the definitions of "Computation Date" and "Computation Period" therefrom, (b) modifying the definition of "Event of Default" to refer to Section 11 of Schedule A to this Amendment Agreement and (c) amending the definition of "Special Premium" by replacing the reference to Section 9.1 therein with a reference to Section 12.1 of Schedule A of this Amendment Agreement.

  • The tables illustrate the Policy values that would result if scheduled premiums are paid when due and the year, if any, in which the Special Premium Payment Provision initially goes into effect.


More Definitions of Special Premium

Special Premium means, with respect to any purchase of the principal amount of Notes of any Series pursuant to Section 7.12 or any acceleration of the principal amount of any Substitute Note of any Series pursuant to Section 9.1 (such purchased or accelerated principal amount being hereinafter referred to as the "Prepaid Principal"), as at any date of determination, an amount equal to the greater of (i) zero and (ii) the excess of:
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Related to Special Premium

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • 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.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • 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.

  • 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.

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

  • 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.

  • 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

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • 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.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

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

  • 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.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • 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.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or the Collateral (as defined in any Indenture).

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

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

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

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