Aggregate Premium Amount definition

Aggregate Premium Amount. With respect to any Distribution Date and the Insured Certificates, the product of one-twelfth of the Premium Rate and the aggregate Class Principal Balance of the Insured Certificates for the immediately preceding Distribution Date, or, in the case of the first Distribution Date, the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.
View Source
Aggregate Premium Amount. With respect to any Distribution Date and the Insured Certificates, the product of one-twelfth of the Premium Rate and the aggregate Class Principal Balance of the Class 1A-1B and Class 2A-1C1 Certificates for the immediately preceding Distribution Date, or, in the case of the first Distribution Date, the Closing Date, in each case after giving effect to distributions of principal made on such Distribution Date.
View Source
Aggregate Premium Amount means the greater of (x) the aggregate amount of Premiums paid by the Company on or before the Date of Death or due and owing on such Date, or (y) the cash surrender value of the Policy on such the Date.
View Source

Examples of Aggregate Premium Amount in a sentence

  • Except in a circumstance described in Section 4.1, the Company shall have the unqualified right to receive a portion of the death benefit payable under the Policy equal to the Aggregate Premium Amount, and the balance of such death benefit, if any, shall be paid directly to the Beneficiary in the manner and in the amount or amounts provided in the beneficiary designation provision of the Policy.

  • Notwithstanding the foregoing, the Master Servicer shall make or cause to be made withdrawals or transfers from the Distribution Account to the Certificate Insurer to pay the Certificate Insurer its Aggregate Premium Amount.


More Definitions of Aggregate Premium Amount

Aggregate Premium Amount means the aggregate amount of Premiums paid by the Company on or before the Date of Death or due and owing on such Date.
View Source
Aggregate Premium Amount. As to any Distribution Date and the Insured Certificates, the sum of the Class 1A-1B Premium Amount and the Class 2A-1C Premium Amount for such Distribution Date.
View Source

Related to Aggregate Premium Amount

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);