Unamortized Premium definition

Unamortized Premium means for each Eligible Loan, the portion of the related Premium that has not been amortized based upon an assumed average life for such Eligible Loan of seven years and straight line method of amortization (or such other method approved by a Rating Agency Confirmation).

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Unamortized Premium means for each Eligible Loan, the portion of the related Premium that has not been amortized based upon an assumed average life for such Eligible Loan of seven years or such lesser time period as set forth in a Supplemental Indenture as set forth in a Supplemental Indenture.

Unamortized Premium means the remaining amount of the Financed Premium Amount at any time pursuant to Premium Amortization.

Examples of Unamortized Premium in a sentence

The Employer's interest in the cash value and death benefits of the Policy (the "Employer's Interest") as of any date, shall be equal to the Unamortized Premium Payment (as defined herein) as of such date accumulated at interest at a rate of 4.5% per annum.
The "Unamortized Premium Payment" shall initially equal the Premium Payment, and shall be reduced by 2.5% of the Premium Payment on each October 1, January 1, March 1 and July 1 during the term of this Agreement.
The Employer's interest in the cash value and death benefits of the Policy (the "Employer's Interest") as of any date, shall be equal to the Unamortized Premium Payment (as defined herein) as of such date with interest accumulated at a rate of 4.5% per annum.
Not later than the first Business Day following the day on which the Remarketing Agent receives such direction from the Trustee, the Remarketing Agent shall give notice by Electronic Means to the Trustee of the Quotation of Bond Price so obtained, the Bond Base Price so determined and the Accrued Market Discount, Accrued OID and Unamortized Premium, if any, so calculated with respect to each such Maturity.
Upon notice from the Liquidity Bank received on or before 11:00 a.m. on any Business Day and provided that the Election Letter states that the provisions of clause (i) of Section 5.2(h) shall apply, the Trustee shall direct the Remarketing Agent to obtain a Quotation of Bond Price and to determine the Accrued Market Discount, Accrued OID and Unamortized Premium, if any, separately with respect to each Maturity on the second Business Day immediately following the day of notice to the Trustee.

More Definitions of Unamortized Premium

Unamortized Premium has the meaning set forth in Schedule 1.1(k).

Unamortized Premium means, with respect to any Maturity of Bonds, the premium minus the Amortized Premium on such Maturity as of the date of determination.

Unamortized Premium means, for any period set forth in Schedule 1.1(l) hereto, the corresponding amount set forth in the column titled “Unamortized Premium” in such Schedule.

Unamortized Premium means, on any date, an amount equal to (i) (1/84th) of the payments received by the Company as set forth in subsection (i) and, if the Private Label Launch Date has occurred, subsection (ii) of Schedule 9.1(b) multiplied by (ii) the number of months, if any, rounded to the nearest integer, remaining before the seventh (7th) anniversary of the Effective Date.

Unamortized Premium. [Reserved].

Unamortized Premium means, with respect to any Financed Student Loan, the excess, if any, of (i) the Premium for such Financed Student Loan over (ii) the product of (x) such Premium and (y) a fraction, the numerator of which is the number of months which have elapsed since the purchase of such Financed Student Loan by the Trust and the denominator of which is 72.

Unamortized Premium means (i) the Premium, less 1/120th thereof for each full month that transpires after the Effective Date; plus (ii) unamortized premium related to each retail credit card business portfolio acquired by Bank in connection with an acquisition pursuant to Section 2.6 of this Agreement, based upon an amortization schedule agreed upon by Dillard's and Bank.