Premium Adjustment Amount definition

Premium Adjustment Amount. The amount by which the Total Premium Amount is increased or decreased from time to time in accordance with this Contract as reflected on the Premium Schedule, which may be amended and restated in accordance with Section 1.2.
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Premium Adjustment Amount has the meaning set forth in Section 1.02 (a) of this Agreement .
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Premium Adjustment Amount shall be the product of (i) a fraction the numerator of which is $23,000,000 and the denominator of which is the balance of the Accounts on the Closing Date, times (ii) the amount, if any, by which the aggregate Related Account balances on the Closing Date exceed the aggregate Related Account balances on the Premium Adjustment Date; provided, however, that the Premium Adjustment Amount shall not be payable with respect to any Related Account which Buyer has repriced, or has sent notice to the Account holder about any potential repricing, between the Closing Date and the Premium Adjustment Date. In the event that the Purchase Price calculation in this subsection results in a positive number, Seller shall pay Buyer the Purchase Price. In the event the Purchase Price calculation in this subsection results in a negative number, Buyer shall pay Seller the absolute value of the Purchase Price. The payment formula referred to above is for the sole purpose of determining the amount to be paid and transferred by the Seller to the Purchaser hereunder and shall not constitute an allocation of the purchase price for any particular asset being transferred or liability being assumed.
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Examples of Premium Adjustment Amount in a sentence

  • Should such negotiations not result in an agreement as to the Insurance Premium Adjustment Amount within five (5) days, then either Party may submit such disputed items and values to a mutually agreed upon nationally recognized insurance broker (the “Neutral Broker”).

  • At all times after Bank has delivered a Market Deficit Notice to CLF and prior to the payment by CLF of the related Option Premium Adjustment Amount, Bank may apply any hedging strategy Bank, in its sole discretion, determines to be appropriate or reasonable.

  • If Seller objects in writing to Purchaser’s determination of the Insurance Premium Adjustment Amount prior to the Closing Date, then Purchaser and Seller shall negotiate in good faith and attempt to resolve the particular items and values that are identified in the applicable written notice of objection.

  • Annual Ceding Commission Adjustment Amount means 35% of the Annual Premium Adjustment Amount.

  • Within 20 Business Days of the publication of an In-scope TCI’s Accounts for each Financial Year, that In-scope TCI shall prepare and provide to BEIS a statement, specifying the In-scope TCI’s Annual Premium Adjustment Amount and the Annual Ceding Commission Adjustment Amount, together with the Premium AdjustmentAttestation for that Financial Year.

  • The Neutral Broker shall be directed to resolve the disputed items and amounts and deliver to Purchaser and Seller a written determination of the Insurance Premium Adjustment Amount within thirty (30) days after being retained, which determination will be final, binding and conclusive on the Parties and their respective Affiliates and representatives, successors and assigns.

  • The Annual Premium Adjustment Amount shall be included in the next Quarterly Report and Quarter settlement process to occur after delivery of such statement in accordance with Rules 9.7 ( Transfer of economic risk), 10.5 and 11.1 (Settlement).

  • At least ten (10) Business Days prior to the Closing Date, Purchaser shall provide to Seller Purchaser’s determination of the Insurance Premium Adjustment Amount, if any, along with any reasonable supporting documentation reasonably requested by Seller.

  • During the period from the Effective Date until [the Data Finalization Amendment Date]D, (x) the Contract-Holder will have the right to enforce any provision of this Contract against Prudential and (y) the Contract-Holder and Prudential will amend this Contract as provided for in Section 2.6. [The Plan will have the right to enforce the payment of any Premium Adjustment Amount payable by Prudential to the Plan against Prudential.]D [(iii)] Prudential.

  • Within 20 Business Days of the publication of an In-scope TCI’s Accounts for each Financial Year, that In-scope TCI shall prepare and provide to BEIS a statement,specifying the In-scope TCI’s Annual Premium Adjustment Amount, together with the Premium Adjustment Attestation for that Financial Year.


More Definitions of Premium Adjustment Amount

Premium Adjustment Amount. An amount determined by the Calculation Agent pursuant to Schedule I hereto, based on the weighted average price per Share (the “Hedging Price”) to establish an initial commercially reasonable Hedge Position with respect to the Transaction during the Initial Hedging Period, taking into account the Hedge Positions acquired by it on the date hereof to establish its commercially reasonable Hedge Positions. If the Hedging Price is between two prices in the table set forth in Schedule I, the Calculation Agent shall determine the Premium Adjustment Amount using linear interpolation. If the Hedging Price is greater than the highest price or lower than the lowest price set forth on the table set forth in Schedule I, the Calculation Agent shall determine the Premium Adjustment Amount using linear extrapolation.
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Premium Adjustment Amount means the dollar amount obtained by subtracting the Final Average Deposits from the Initial Average Deposits and then multiplying such difference (if a positive number) by the Premium Adjustment Percentage.
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Related to Premium Adjustment Amount

  • 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;

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of 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 and Class B-6 Optimal Principal Amount.

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

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

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

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

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

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

  • 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.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

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

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • 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.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • 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.

  • 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.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.