Future Premium Payment definition

Future Premium Payment has the meaning set forth in the Commitment.

Examples of Future Premium Payment in a sentence

  • To the extent that any Future Premium Payment is not paid when due, interest shall accrue on such unpaid amounts at a rate equal to the Effective Interest Rate.

Related to Future Premium Payment

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Interim Payment means, with respect to each Loan, an amount equal to the initial Loan Amount multiplied by the percentage equal to the product of (i) the quotient derived from dividing the initial Loan Factor with respect to such Loan by 30, and (ii) the number of days from (and including) the Funding Date of such Loan to (but not including) the first Payment Date with respect to such Loan.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium pay means overtime pay and shift differential pay that is Earned during the relevant time period, but that is not a part of the Participant’s Base Compensation or Incentive Compensation.

  • Basic Rent Payment Date means each day determined in accordance with Exhibit C upon which a payment of Basic Rent becomes payable. If a Basic Rent Payment Date shall fall on a day which is not a Business Day, any payment due on such Basic Rent Payment Date shall be made on the next succeeding Business Day.

  • Delta Payment means as it is described in this Agreement.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Quarterly Payment Date means the last day of each March, June, September, and December or, if any such day is not a Business Day, the next succeeding Business Day.

  • 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.

  • Premium Period means the period beginning on (and including) the Premium Commencement Date and ending on (but excluding) the first Premium Payment Date and each successive period beginning on (and including) a Premium Payment Date and ending on (but excluding) the next succeeding Premium Payment Date.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Make-Whole Payment means, with respect to any Series 2020-1 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2020-1 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2020-1 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • PAGA Payment means a total payment of $250,000 to settle all claims under

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Lump Sum Payment The payment to be made by Company to Seller in exchange for Seller making the Net Energy Potential of the Facility available for dispatch by Company. When necessary to account for the availability of some but not all WTGs, the amount of the monthly Lump Sum Payment is to be allocated pro rata to each WTG and shall be calculated and adjusted as provided in Section 3 (Calculation of Lump Sum Payment) of Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • State premium tax liability means any liability

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;