OCC Premium definition

OCC Premium means an amount that is three percent (3%) of the amount charged by the Holder of an Allowed General Unsecured Claim in the ordinary course of business in exchange for such Holder’s goods, service, and/or leased premises. The OCC Premium shall be calculated on a per-invoice and/or per-transaction basis in respect of any particular goods, services, and/or leased premises provided to the Reorganized Debtors, at the Reorganized Debtors' Request and on trade credit terms customary in the industry, and shall be specifically denominated in any record of applicable transactions with the Reorganized Debtors.
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Related to OCC Premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • 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;

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • 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.