Surety Bond Premium definition

Surety Bond Premium shall have the meaning specified in the Insurance Agreement.
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Surety Bond Premium has the meaning given to such term in the Fee Letter.
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Surety Bond Premium. As defined in the Insurance Agreement. Surety Bond Provider: MBIA Insurance Corporation, a New York stock insurance company.
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Examples of Surety Bond Premium in a sentence

  • All payments of the Surety Bond Premium shall be made by wire transfer to an account designated from time to time by the Surety Provider by written notice to Charter, the Owner Trust and the Administrative Agent.

  • The Surety Bond Premium shall be calculated on the basis of a 365-day year, and shall be nonrefundable without regard to whether the Surety Provider makes any payment under the Surety Bonds or any other circumstances relating to the Senior Certificate or the Low Floater Certificates, or provision being made for the payment of the Senior Certificate or the Low Floater Certificates prior to maturity.

  • Any failure to pay any Surety Bond Premium will not affect the Surety Provider's obligations under the Surety Bonds.

  • On each Senior Certificate Distribution Payment Date, in consideration of the issuance by the Surety Provider of the Surety Bonds, the Owner Trust shall pay or cause to be paid to the Surety Provider the Surety Bond Premium.

  • The Owner Trust shall receive a credit against its obligation to pay the Surety Provider the Surety Bond Premium to the extent the Surety Provider receives payment pursuant to Section 8.3(a) SIXTH(3) of the Owner Trust Agreement.

Related to Surety Bond Premium

  • Surety Bond means a bond from a Bond company with a credit rating by AMBEST better than a “B”. The bonding company shall be certified to issue bonds in a state in which this Agreement is approved.

  • Surety Bonds means surety bonds obtained by the Borrower or any Restricted Subsidiary consistent with market practice and the indemnification or reimbursement obligations of the Borrower or such Restricted Subsidiary in connection therewith.

  • 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.

  • 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.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.