Monthly Premium definition

Monthly Premium means the monthly per Subscriber fee due from GROUP for the benefits selected in Section III of the Agreement. The Monthly Premium fee includes: (i) rates for a given Rating Period, as determined by BCBSRI in accordance with the related approved rating formula on file with the Office of the Health Insurance Commissioner of the State of Rhode Island (“OHIC”) and (ii) premium tax as calculated by BCBSRI in accordance with Rhode Island General Law (“RIGL”) §44-17-1(a)(1).

Monthly Premium. The monthly premium payable to the Certificate Insurer pursuant to the Certificate Insurance Policy and the letter agreement dated as of the Closing Date, among the Certificate Insurer and the Depositors.

Monthly Premium. With respect to each Pool, the monthly premium payable to the Certificate Insurer equal to the product of (i) the applicable percentage set forth in the Insurance Agreement and (ii) the applicable then outstanding Pool Principal Balance, rounded to the nearest thousand dollars.

Examples of Monthly Premium in a sentence

• Under all cancellation provisions in Article VIII.(a) through (c) above, the Insured shall not be liable for any Monthly Premium that may accrue after the Termination Date, and the Insurer shall not be liable for any Loss on Covered Loans that Default after the Termination Date.

• The Insured's obligation to pay Monthly Premium on a Covered Loan ceases on the last day of the month in which such loan becomes a Liquidated Covered Loan.

• For the avoidance of doubt, the unpaid principal balance of any Liquidated Covered Loan is excluded for purposes of calculating the subsequent Monthly Premium.

• Current Principal Balance - means the unpaid principal balance of a Covered Loan as of the day immediately preceding the first (1st) day of the month for which the subsequent Monthly Premium is due and as reported in the applicable Monthly Servicing Report.

• For example, the Monthly Premium due for January shall be paid by January 31.

More Definitions of Monthly Premium

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable to cover the Policyholder and/ or his or her spouse and children.

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable for the insurance under this Policy covering the Policyholder and/or his or her spouse and children.

Monthly Premium means the monthly premium shown in the schedule of cover, the first such premium being payable on or before the start date and thereafter payable on a monthly basis;

Monthly Premium means the monthly premium shown in the schedule and payable by you each month for insurance cover under this policy. The monthly premium may change if you add to or amend the insured products under this policy;

Monthly Premium means the monthly sum payable by you each month for insurance cover under this policy; “mortgage” means the mortgage agreement between you and the lender in relation to which we have agreed to provide insurance cover under this policy;

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable to cover the Insured Person.

Monthly Premium means the monthly sum payable by you each month for insurance cover under this policy; “normal pregnancy” means symptoms which normally accompany pregnancy which are of a minor and/or temporary nature (such as morning sickness and dizzy spells) and which do not represent a significant medical hazard to mother or baby;