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).

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 "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 accumulated at interest at a rate of 4.5% per annum.

• 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.

• Amounts credited to this account shall be charged concurrently to account 225, Unamortized Premium on Long-Term Debt.

• The "Unamortized Premium Payment" as of any date shall be the aggregate Annual Premium Payments made through such date reduced by 2.5% of the Aggregate Premium Payments on each October 1, January 1, March 1 and July 1 during the term of this Agreement.

More Definitions of Unamortized Premium

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

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

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 the balance of the upfront premium payment that has not been amortized. §703.102 Permissible derivatives. (a) Products and characteristics. A federal credit union with derivatives authority may apply to use each of the following products and characteristics, subject to the limits in§703.103 of this subpart: