Bond Insurer Premium Rate definition

Bond Insurer Premium Rate shall have the meaning set forth in the ------------------------- Insurance Agreement.
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Bond Insurer Premium Rate shall have the meaning ascribed to such term in Section 3.02 hereof.
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Bond Insurer Premium Rate shall be based upon the "Premium Percentage" set forth in paragraph 1(a) of the Commitment. The Bond Insurer Premium shall be calculated according to paragraph 1(a) of the Commitment for the amount due on or before the Date of Issuance and paragraph 1(b) of the Commitment for the amount due on each Payment Date. The Bond Insurer Premium paid hereunder or under the Indenture shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Obligations or provision being made for payment of the Obligations prior to maturity. RBMG, the Servicer, the Company, Funding Co., the Depositor and the Indenture Trustee shall make all payments of Bond Insurer Premium to be made by them by wire transfer to an account designated from time to time by the Insurer by written notice to RBMG, the Servicer, the Company, Funding Co., the Depositor and the Indenture Trustee.
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Examples of Bond Insurer Premium Rate in a sentence

  • For purposes of the Indenture, the term "Bond Insurer Premium Rate" shall be based upon the "Premium Percentage" set forth in paragraph 1(a) of the Commitment.


More Definitions of Bond Insurer Premium Rate

Bond Insurer Premium Rate. For each Payment Date, 0.18%; provided, however, that if on any Payment Date subsequent to the Clean-Up Call Date the Coverage Amount is less than the Required Coverage Amount as of the immediately preceding Payment Date, the Bond Insurer Premium Rate shall be 0.68%.
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Bond Insurer Premium Rate. On the Closing Date, the Premium Percentage specified in paragraph 1(a)(i) of the Bond Insurer Commitment Letter and beginning on October 27, 1997 and on each Payment Date thereafter, the Premium Percentage specified in paragraph 1(b)
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Bond Insurer Premium Rate. Thirty seven and one half one-hundredths of one percent (0.375%).
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Bond Insurer Premium Rate. On and prior to the Payment Date occurring in April, 1996, thirty-seven and one-half one-hundredths of one percent (0.375%). Thereafter, thirty five one-hundredths of one percent (0.35%).
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Bond Insurer Premium Rate means the rate set forth in the second paragraph of Paragraph 1(a) of the Commitment.
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Bond Insurer Premium Rate. [_____]% per annum.
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Related to Bond Insurer Premium Rate

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • Periodic Mortgage Rate Cap With respect to an Adjustable Rate Mortgage Loan, the periodic limit on each Mortgage Rate adjustment as set forth in the related Mortgage Note.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Bond Insurer means any insurance company which issues a municipal bond insurance policy insuring the payment of principal of and interest on the Refunding Bonds.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • 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;

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Monthly Payments has the meaning set forth in Section 7.2B.