Premium definition
Examples of Premium in a sentence
Concurrently with each Semi-Annual Performance Review, the Company shall determine Premium and Penalties due to or payable by each Pool Vessel as determined in accordance with the procedures set out in Appendix 1.2.
On the effective date of each permanent reduction of the Maximum Revolving Facility Amount, Borrowers will be required to pay the Early Payment/Termination Premium in the amount specified in the Fee Letter with respect to the amount by which the Maximum Revolving Facility Amount is reduced.
The Obligors and the Lenders acknowledge and agree that any Prepayment Premium due and payable in accordance with this Agreement shall not constitute unmatured interest, whether under Section 502(b)(2) of the Bankruptcy Code or otherwise.
In view of the impracticability and extreme difficulty of ascertaining the actual amount of damages to the Lenders or profits lost by the Lenders as a result of such acceleration, and by mutual agreement of the parties as to a reasonable estimation and calculation of the lost profits or damages of the Lenders, any Prepayment Premium shall be due and payable upon such date.
Each such prepayment shall be subject to the Early Payment/Termination Premium, if applicable, in the amount specified in the Fee Letter.