Audit Premium definition

Audit Premium is defined in Section 4.3.
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Examples of Audit Premium in a sentence

  • The Audit Premium Collateral shall be withheld by the Company from commission payments due the General Agent (pursuant to Section 3.1(b)).

  • The General Agent shall use reasonable efforts to collect Audit Premium.

  • With respect to any premium that may remain due from all Policyholders at the end of the Policy period ("Audit Premium"), the General Agent shall determine and bill Audit Premium owed to the Company by all Policyholders withi▇ ▇▇ree (3) months after the end of each Policy period.

  • Audit Premium may be calculated quarterly and payments of Audit Premium owed by the General Agent to the Company shall be made within 30 days after each calculation.

Related to Audit Premium

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;