Premium Adjustment definition

Premium Adjustment means an increase or a decrease of the premium made after the insurance policy start date (including premium refunds) on Insurance Business in force at the valuation date.
Premium Adjustment shall have the meaning set forth ill Section 2.5(d)(iii).
Premium Adjustment means the factor by which the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, is to be multiplied pursuant to Section 218(a). The initial Premium Adjustment shall equal a factor of 1.00625, and each additional Premium Adjustment shall increase such factor by an additional .00625. For greater certainty, and by way of example, two Premium Adjustments would require the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, to be multiplied by a factor of 1.0125.

Examples of Premium Adjustment in a sentence

  • This Premium Adjustment Clause is only valid for twelve (12) months from the date of expiry of the Policy.

  • If the Insured fails to cooperate with the Company in submitting the completed Premium Adjustment and Declaration of Earnings Form, without prejudice to any other rights of the Company, the Company shall retain the discretion not to renew this insurance upon expiry of the Policy.

  • But the Premium Adjustment provision will not apply to any premium that was not paid because it was waived under this Benefit.

  • Bond Premium Adjustment Bond premium adjustment, consequent upon changes ordered, will be made as elsewhere specified at the time of final settlement under the contract and will not be included in the individual change.

  • The Contractor is responsible for the compliance of its subcontractors with the provisions of this clause.(End of clause) 852.228-70 Bond Premium Adjustment.

  • But we will not, of course, refund any premium or part of a premium that was or is to be returned in accord with the Premium Adjustment provision in this contract.

  • As prescribed in 828.106-70, insert the following clause: Bond Premium Adjustment (JAN 2008) When net changes in original contract price affect the premium of a Corporate Surety Bond by $5 or more, the Government, in determining the basis for final settlement, will provide for bond premium adjustment computed at the rate shown in the bond.

  • Construction Classification Premium Adjustment Program (PA & DE)6.

  • State in detail what bona fide need the proposed owner(s) or proposed insureds has for this insurance.

  • Educators need to produce students and pre-service teachers able to think critically and creatively, and with the ability to communicate and collaborate using modern technology.


More Definitions of Premium Adjustment

Premium Adjustment means an increase or a decrease of the premium made after
Premium Adjustment is defined in Schedule 2.4(a).
Premium Adjustment is the difference between the Targeted Quarterly Premium in respect of that Basket Index and the actual highest quarterly premium in respect of that hypothetical call option with an exercise price equal to 105% of the closing level of that Basket Index.
Premium Adjustment means either Premium Increase or Premium Refund.
Premium Adjustment means the difference, positive or negative, of Estimated Premiums with respect to a given Rating Period minus Adjusted Premiums with respect to such Rating Period, determined as of each Calculation Date for such Rating Period. The Premium Adjustment, if negative, is an amount payable by Limited to the Insurer and if positive, an amount payable or creditable to Limited by the Insurer.
Premium Adjustment is used throughout this document to refer collectively to the Part B Premium subsidy and the Part D prescription drug premium increase under sections 1839(i) and 1860D-13(a)(7) of the Act, respectively.

Related to Premium Adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Escrow Amount means $1,000,000.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.