Termination Premium definition

Termination Premium is defined in Section 2.3(a).
Termination Premium means any termination premium payable pursuant to paragraph D of Article XVI of the Novation Agreement, dated as of December 31, 2003, between the Retrocedant and National Indemnity Company.
Termination Premium means 10% of the Backstop Commitment.

Examples of Termination Premium in a sentence

  • The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing.

  • If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium.

  • The Early Termination Premium shall be presumed to be the amount of damages sustained by the Lender Group as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing.

  • The Early Termination Premium provided for in this SECTION 3.7 shall be deemed included in the Obligations.


More Definitions of Termination Premium

Termination Premium is defined in Section 2.3(a). “Term SOFR” means for any calculation with respect to a SOFR Advance, the Term SOFR Reference Rate on the day (such day, the “Lookback Day”) that is two SOFR Business Days prior to the first day of such Settlement Period (and rounded in accordance with the Administrative Agent’s customary practice), as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Lookback Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding SOFR Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term 46
Termination Premium is hereby amended by deleting the amount of "$20,000,000.00" set forth therein, and inserting in lieu thereof the amount of "$15,000,000.00".
Termination Premium means the sum of the products resulting from multiplying each Advance by a fraction, the numerator of which is $29,000,000 and the denominator of which is $201,000,000.
Termination Premium means (i) in the case of an acceleration of any Note on or before the first anniversary of the Closing Date, an amount equal to 4% of the Original Principal Amount times a fraction (the "Fraction") the numerator of which is the principal amount of such Note and the denominator of which is the aggregate principal amount of all Notes at the time outstanding (excluding Notes held directly or indirectly by the Company or any of its Subsidiaries), (ii) in the case of an acceleration of any Note after the first anniversary of the Closing Date and on or before the second anniversary of the Closing Date, 3% of the Original Principal Amount times the Fraction, and (iii) in the case of an acceleration of any Note after the second anniversary of the Closing Date, 2% of the Original Principal Amount times the Fraction.
Termination Premium means the liability that arises under ERISA §4006(a)(7) for premiums due and payable by a Contributing Sponsor and each member of its Controlled Group, upon the termination of a pension plan under circumstances set forth in ERISA §4006(a)(7)(A).
Termination Premium means (pound)4,400,000.
Termination Premium means, in respect of each Subscription Receipt, an amount equal to the amount of interest that would have accrued on a Convertible Debenture if such Convertible Debenture had been issued and outstanding (and interest thereon had accrued at the rate of 6.0% per annum) from the Offering Closing Date until the Termination Date;