Specified Premium definition

Specified Premium means 1.00% if the Special Mandatory Redemption occurs on or prior to the 90th day following the Issue Date and 1.50% if the Special Mandatory Redemption occurs after the 90th day following the Issue Date.
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Specified Premium means, with respect to each Note, (i) during the one-year period commencing on the fifth anniversary of Funding Date A, the Specified Premium shall equal a percentage of the principal amount of such Note equal to 50% of the fixed interest rate on such Note; and (ii) during each one-year period commencing on the sixth anniversary of Funding Date A until the date that is two years prior to the maturity of the applicable Note, the Specified Premium referred to in clause (i) shall decline ratably. For example, if the fixed interest rate on a Note having a maturity of 10 years was equal to 15%, then the Specified Premium would equal (a) 7.5% during the one-year period commencing on the fifth anniversary of Funding Date A and ending on the day prior to the sixth anniversary of Funding Date A; (b) 5.0% during the one-year period commencing on the sixth anniversary of Funding Date A and ending on the day prior to the seventh anniversary of Funding Date A; (c) 2.5% during the one-year period commencing on the seventh anniversary of Funding Date A and ending on the day prior to the eighth anniversary of Funding Date A; (d) 0% during the one-year period commencing on the eighth anniversary of Funding Date A and ending on the day prior to the ninth anniversary of Funding Date A; and (e) 0% during the one-year period commencing on the ninth anniversary of Funding Date A and ending on the day prior to the tenth anniversary of Funding Date A.
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Specified Premium means, at the time of any Acceleration Event, (a) if such Acceleration Event occurs prior to the First Call Date, the Applicable Premium in respect of the aggregate principal amount of Notes outstanding at the time of such Acceleration Event, (b) if such Acceleration Event occurs on or after the First Call Date and prior to February 23, 2023, 4.000% of the aggregate principal amount of the Notes outstanding at the time of such Acceleration Event and (c) if such Acceleration Event occurs on or after February 23, 2023 and prior to February 23, 2024, 2.000% of the aggregate principal amount of the Notes outstanding at the time of such Acceleration Event.
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Examples of Specified Premium in a sentence

  • Additional Benefits and Riders: (If applicable)  Children’s Term Insurance Rider Accelerated Benefit Rider Supplemental Coverage $  Term on Spouse/Other Insured Rider $ (Please complete Section B - Applicant Information - Original Insured B)(Complete Child’s Supplement) Waiver of Premium Waiver of Monthly Deductions Waiver of Specified Premium $ PART I ContinuedPolicy NumberBILLING INSTRUCTIONS (As available per product) (For New Coverage)24.

  • PERIOD OF CONTINUOUS TOTAL DISABILITY Subject to the conditions of this Rider, the Specified Premium will be paid each month for the period of continuous total disability.

  • If You have a Waiver of Specified Premium Rider, Your Monthly Specified Premium and Monthly Waiver Cost will also increase as described in that rider.

  • Before any Specified Premium is waived, written notice of claim and proof of Total Disability must be received at the Company's Service Center.

  • Each mandatory prepayment due hereunder made on account of the Obligations shall be accompanied by the applicable Specified Premium pursuant to Section 2.8(b).

  • This provision will not prevent any Specified Premium from being waived if it is shown that notice and proof of Total Disability were given to the Company as soon as was reasonably possible.

  • Cost of The cost of insurance for the Waiver of Specified Premium Rider is determined on a Insurance monthly basis.

  • COST OF WAIVER RIDER The cost for the Waiver of Specified Premium Rider is deducted on each Monthly Date.

  • MONTHLY PREMIUM WAIVER BENEFIT - The Monthly Premium Waiver Benefit is the lesser of the Specified Premium or the average actual premiums paid over the last 36 months prior to Total Disability.

  • If Your Monthly Specified Premium increases or decreases because of a change in Total Face Amount, the Monthly Waiver Cost for this rider will also increase or decrease.


More Definitions of Specified Premium

Specified Premium means, with respect to each Senior Note that is a Fixed Rate Note,
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Specified Premium means an amount equal to 1.0% of the Initial Issue Price.
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Specified Premium means, with respect to any Term Loan on any date that a prepayment or repayment becomes due and owing under this Agreement, whether or not paid or any Term Loan that is actually repaid, prepaid, terminated, reduced, paid, redeemed, satisfied, released, distributed, discharged, or accelerated on or prior to the date that is 24 months following the Closing Date (each, a “Specified Event”), the present value of the sum of the amounts of each interest payment due on the repaid, prepaid, terminated, reduced, paid, redeemed, satisfied, released, distributed, discharged, or accelerated portion of such Term Loan on each Interest Payment Date during the period extending from the date such prepayment or repayment becomes due and owing under this Agreement, whether or not paid, through and including the date that is 24 months following the Closing Date (excluding accrued but unpaid interest as of the date of prepayment or repayment, which shall be separately paid in accordance with the terms of Section 2.6, as applicable) computed using a discount rate equal to the Treasury Rate (determined as of the Business Day prior to such date of prepayment) plus 0.50%.
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Specified Premium means, with respect to each Note,
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Specified Premium means, with respect to any Term Loan on any date that a prepayment or repayment becomes due and owing under this Agreement, whether or not paid or any Term Loan that is actually repaid, prepaid, terminated, reduced, paid, redeemed, satisfied, released, distributed, discharged, or accelerated on or prior to the date that is 24 months following the Closing Date (each, a “Specified Event”), the present value of the sum of the amounts of each interest payment due on the repaid, prepaid, terminated, reduced, paid, redeemed, satisfied, released, distributed, discharged, or accelerated portion of such Term Loan on each Interest Payment Date during the period extending from the date such prepayment or repayment becomes due and owing under this Agreement, whether or not paid, through and including the date that is
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Specified Premium means 1.00% of the aggregate principal amount of Notes, if the Escrow End Date occurs on or after January 1, 2011, and otherwise 0%.
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Related to Specified Premium

  • 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

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

  • Change of Control Redemption Premium means 125%.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Expected Principal Payment Date means March 15, 2022.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • 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.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Make-Whole Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining the Make-Whole Amount, the following terms have the following meanings:

  • Net Prepayment Interest Shortfalls As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

  • Event Date shall have the meaning set forth in Section 2(d).

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.