Premium Distribution definition

Premium Distribution means a cash payment equal to 102% of the Distribution that a Participant would have otherwise been entitled to receive on the applicable distri- bution payment date (subject to proration in certain events as hereinafter described).
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Examples of Premium Distribution in a sentence

  • The Certificate Administrator shall make withdrawals from the Distribution Account and the Yield Maintenance Premium Distribution Account to make distributions to the Holders of the Certificates pursuant to Section 4.1 and Section 4.3, respectively.

  • The Distribution Account shall be deemed to include the Yield Maintenance Premium Distribution Account, and the Yield Maintenance Premium Distribution Account shall be an Eligible Account maintained with an Eligible Institution, and may be a sub-account of the Distribution Account.

  • If the Tenant shall fail to execute and return such statement within the time required herein, the Tenant shall be deemed to have agreed with the matters set forth therein, and the Landlord acting in good faith shall be authorized as the Tenant's agent and attorney-in-fact to execute such statements on behalf of the Tenant (which shall not be in limitation of the Landlord's other remedies).

  • The Yield Maintenance Premium Distribution Account shall be held solely for the benefit of the Holders of the Regular Certificates.

  • MBIA will not be entitled to any distribution with respect to the amount payable pursuant to clause (ii) of the definition of "Premium Distribution Amount" after the Class Certificate Balance of the Class 1-A-3 Certificates has been reduced to zero.

  • As to any Distribution Date, the amount by which the aggregate Premium Shortfalls on prior Distribution Dates exceeds the amount of premium actually distributed to MBIA on such prior Distribution Dates pursuant to clause (ii) of the definition of Premium Distribution Amount.

  • MBIA will not be entitled to any distribution with respect to the amount payable pursuant to clause (ii) of the definition of "Premium Distribution Amount" after the Class Certificate Balance of the Class 1-A-8 Certificates has been reduced to zero.

  • Assured Guaranty will not be entitled to any distribution with respect to the amount payable pursuant to clause (ii) of the definition of "Premium Distribution Amount" after the Class Certificate Balance of the Class A Certificates has been reduced to zero.

  • As to any Distribution Date, the amount by which the aggregate Premium Shortfalls on prior Distribution Dates exceeds the amount of premium actually distributed to the Class 1-A-3 Insurer on such prior Distribution Dates pursuant to clause (ii) of the definition of Premium Distribution Amount.

  • Following the distribution of such amount to Certificateholders on the first Distribution Date after which there are no longer any Mortgage Loans outstanding which pursuant to their terms could pay Pre-Lock Out Return of Premium Amount, the Trustee shall terminate the Repurchase Price Return of Premium Distribution Account.

Related to Premium Distribution

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Maximum Distributable Amount means any maximum distributable amount relating to the Issuer and/or the Group (if any) which is determined pursuant to Article 141 of the CRD IV Directive (or, as the case may be, any provision of Danish law transposing or implementing Article 141 of the CRD IV Directive), or any successor provision thereto;

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following: