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

  • The study deals with profitability in subject to total deposit, loan and advances, investment, Net Profit, as an aid to economic development of the country by making research of deposit mobilization of commercial bank and their utilization to fulfill the need of the different sector of the economy.

  • D.3) Waiver of Specified Premium If a flexible premium product applied for includes a waiver of specified premium in the event of disability, notice must be provided with or in the application that the policy may lapse despite this benefit.

  • There is no charge for this rider.Waiver of Specified Premium RiderICC17PR95299 , Not IllustratedThis rider credits a waiver amount to your policy when the insured becomes totally disabled and symptoms persist for six months.Waiver credits can continue to age 120 if the disability persists.

  • The Waiver of Monthly Deductions rider and the Disability Payment of Specified Premium riders are not offered on all products.

  • The “Upfront Transaction Costs & Expenses” listed in Table 2-10 refer to the estimated $36 to $57 million in bond issuance costs described in Chapter 3, Transaction Overview (M.

  • Disability Waiver of Specified Premium Rider: The Disability Waiver of Specified Premium Rider, available at an additional cost, will deposit the monthly specified premium for both the policy and the Coverage Protection Guarantee into the policy if the insured becomes totally disabled, satisfies a six-month elimination period and remains totally disabled.

  • Benefits can be paid over either a two year or five year period.The Waiver of Specified Premium Rider waives your policy premiums should you become totally disabled.

  • Guaranteed rates for standard risks are equal to an 80 (male) /20 (female) blend of the 2001 CSO Table.Female rates will be used for Waiver of Specified Premium.

  • When a claim becomes effective under a Waiver of Specified Premium Rider (if such rider is available on your policy).The PDA Agreement will end, and we will pay you the entire amount in the PDA, if any, on the earliest of the following to occur: the date the policy ends, the date of a full cash withdrawal of the PDA (less any applicable withdrawal fee) or when there are no funds remaining in the PDA.

  • 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.


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, 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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Specified Premium means, with respect to each 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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Related to Specified Premium

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

  • 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 as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • 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.

  • 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 April 15, 2010.

  • 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.

  • 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 in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • 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 is defined in Section 8.6.

  • 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.