Aggregate Premiums Paid definition

Aggregate Premiums Paid means, at any time, an amount equal to the cumulative premiums paid by the Corporation on the Policy.
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Aggregate Premiums Paid means, at any time, an amount equal to (i) the cumulative premiums paid by the Corporation on the Policy, less (ii) any policy loans to the Corporation and accrued and unpaid interest thereon. Notwithstanding the foregoing, Aggregate Premiums Paid shall not include extra benefit riders or agreements, other than those providing additional life insurance coverage on the Executive, and shall not include premiums waived pursuant to the terms of any disability waiver of a premium rider.
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Aggregate Premiums Paid means, at any time, an amount equal to (i) the cumulative premiums paid by the Company on the Policy, less (ii) any policy loans to the Company and accrued and unpaid interest thereon (excluding any loan under Section 6(e)(ii)), and less (iii) any amounts received by the Company from the Executive for life insurance coverage provided under this Agreement. Despite the foregoing, Aggregate Premiums Paid shall not include extra benefit riders or agreements, other than those providing additional life insurance coverage on the insured, and shall not include premiums waived pursuant to the terms of any disability waiver of a premium rider. In addition, no interest shall be deemed to be accrued on and no present value adjustment to the cumulative premiums paid by the Company shall be made in calculating Aggregate Premiums Paid.
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Examples of Aggregate Premiums Paid in a sentence

  • Pumping was started at 11:12 a.m. on November 19 and was continued for about 72 hours at a rate of 99 gpm until 11: 30 a.m. on November 22.

  • If the Split Dollar Maturity Date occurs due to the Executive's Termination of Employment (other than Termination for Cause), the Corporation shall be entitled to receive from the Policy an amount equal to that portion of the Policy's Cash Surrender Value that does not exceed the Aggregate Premiums Paid plus accrued interest thereon (from the date such premiums were actually paid by the Corporation) at a rate of annual interest equal to the Prime Rate.

  • The rate of polygamous marriages is higher among Sierra Leone’s Muslim population.

  • The Variable Account expenses are deducted from the Account Value on a monthly basis.

  • The right to obtain one or more loans or advances on the Policy, to the extent of the Assignee’s Aggregate Premiums Paid (as hereinafter defined), either from the Insurer or, at any time, from other persons, and to pledge or assign the Policy as security for such loans or advances.

  • The right to obtain one or more loans or advances on the Policy, to the extent of any Grandfathered Cash Surrender Value (as hereinafter defined) in excess of the Assignee’s Aggregate Premiums Paid (as hereinafter defined), either from the Insurer or, at any time, from other persons, and to pledge or assign the Policy as security for such loan or advances.

  • Upon the death of the Insured, the Employer's Interest in the Policy shall be an amount equal to the greater of Aggregate Premiums Paid or the Cash Surrender Value at such time.

  • All faculty/staff that enter, work or teach in an area where they will or may be exposed to hazardous chemicals and/or equipment/situations that have the potential to cause injury MUST complete RIT’s online “Studio Safety Training” or “Shop Safety Training”, print out and retain the completion certificates.

  • The concepts ofsynthesis and integration of nursing knowledge in the care of multiple clients/patients are introduced.

  • The sole right to surrender the Policy at any time provided by the terms of the Policy and at such other times as the Insurer may allow, and to receive that portion of the Total Cash Surrender Value (as hereinafter defined) equal to the sum of (i) the Assignee’s Aggregate Premiums Paid (as hereinafter defined), and (ii) the Non-Grandfathered Cash Surrender Value (as hereinafter defined) of the Policy.


More Definitions of Aggregate Premiums Paid

Aggregate Premiums Paid means, at any time, an amount equal to the Loans which are the cumulative premiums paid by the Corporation on the Joint Life Policy.
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Aggregate Premiums Paid means, at any time, an amount equal to (i) the cumulative premiums paid by the Corporation on the Policy, less (ii) any Policy loans to the Corporation and accrued and unpaid interest thereon, less (iii) any amounts, if any, received by the Corporation from the Executive for life insurance coverage provided under this Agreement. Despite the foregoing, Aggregate Premiums Paid shall not include extra benefit riders or agreements, other than those providing additional life insurance coverage on the insured, and shall not include premiums waived pursuant to the terms of any disability waiver of a premium rider.
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Aggregate Premiums Paid means, at any time, an amount equal to (i) the cumulative premiums paid by the Corporation on the Single Life Policy, plus (ii) the cumulative premiums paid by the Corporation on the Joint LifePolicy, plus (iii) in the case of the Joint Life Policy only, interest at the rate of 3.6%per annum compounded annually on the premiums on such Joint Life Policy. (b) "Benefit Measurement Date" shall mean the date on which the first of any of the following events occurs: (i) termination of this Agreement in accordance with Section 9 below; (1) for the Joint Life Policy, the ___________ (____) anniversary of the issuance of the Joint Life Policy; and (2) for the Single Life Policy, the _________ (___) anniversary of the issuance of the Single Life Policy; or (ii) the death of the Decedent. (c) "Cash Surrender Value" shall mean an amount that equals, at any specified time, the cash surrender value as determined under the terms of the Policy. (d) "Code" shall mean the Internal Revenue Code of 1986, as amended. (e) "Collateral Assignment" shall mean an assignment made by the Owner in favor of the Corporation in a form mutually agreed to by the Corporation and the Owner and accepted by the Insurer. (f) "Collateral Interest" shall mean the Corporation's interest in the Policy, which shall equal, at any time, the lesser of Aggregate Premiums Paid or Cash Surrender Value, and which shall be repaid to the Corporation in accordance with Section 6 below. (g) "Corporation's Death Benefit" shall mean the portion of the Policy's death benefit, if any, that exceeds the sum of the Collateral Interest and the Owner's Death Benefit. (h) "Decedent" shall mean, as to a Single Life Policy, the Participant, and, as to a Joint Life Policy, the second to die of the Participant and his or her spouse. (i) "Designated Beneficiary" shall mean the beneficiary designated under the Policy. (j) "Economic Income" shall mean taxable compensation income for that portion of the premiums paid by the Corporation that is equal in amount to the value of the "economic benefit" derived by the Participant from the Policy's life insurance protection, as determined for Federal income tax purposes under Revenue Rulings 64-328 and 66-110, plus any economic benefit derived from any reimbursement for tax liability under Section 3(c). Economic Income shall include any increase in economic benefit attributable to the death of the first to die under a Joint Life Policy. (k) "Insurer(s)" shall mean . (l) "Joint Life Po...
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Related to Aggregate Premiums Paid

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • 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.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Aggregate Stated Principal Balance As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • 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);

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Aggregate Invested Amount means, at any date of determination, the sum of the Invested Amounts with respect to all Outstanding Series on such date of determination.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Debt means the sum of the following as of the date of determination: (1) the lesser of (A) the then outstanding aggregate principal amount of the Indebtedness of the Company and its Domestic Restricted Subsidiaries incurred after the Issue Date and secured by Liens not permitted under Section 4.09(a) and (B) the fair market value of the assets subject to the Liens referred to in clause (A), as determined in good faith by the Board of Directors; (2) the then outstanding aggregate principal amount of all consolidated Indebtedness of the Company and its Domestic Restricted Subsidiaries that constitutes Subsidiary Debt incurred after the Issue Date and not permitted under Section 4.07(b); provided, that any such Subsidiary Debt will be excluded from this clause (2) to the extent that such Subsidiary Debt is included in clause (1) or (3) of this definition; and (3) the then existing Attributable Liens of the Company and its Domestic Restricted Subsidiaries in respect of sale and lease-back transactions entered into after the Issue Date pursuant to Section 4.08(b); provided, that any such Attributable Liens will be excluded from this clause (3) to the extent that such Indebtedness relating thereto is included in clause (1) or (2) of this definition. For the avoidance of doubt, in no event will the amount of Indebtedness (including Guarantees of such Indebtedness) be required to be included in the calculation of Aggregate Debt more than once despite the fact that more than one Person is liable with respect to such Indebtedness and despite the fact that such Indebtedness is secured by the assets of more than one Person.

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Aggregate Excess Funding Amount of a Non-Funding Lender shall be the aggregate amount of all unpaid obligations owing by such Lender to Agent and other Lenders under the Loan Documents, including such Lender’s Ratable Share of Loans.

  • Aggregate Expense Rate With respect to any Mortgage Loan, the applicable Servicing Fee Rate and, with respect to any LPMI Mortgage Loan, the interest premium charged by the mortgagee to obtain or maintain any Primary Mortgage Insurance Policy.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Aggregate Senior Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that prior Due Date).

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).