Premium Option Date definition
Premium Option Date means each date on which a Premium Percentage designated by the Transferors pursuant to Section 2.13 takes effect.
Examples of Premium Option Date in a sentence
The Transferors shall also have the option of increasing, reducing or withdrawing the Premium Percentage, at any time and from time to time, on and after such Premium Option Date.
After any Premium Option Date, Premium Option Receivable Collections (calculated using the Premium Percentage specified on such Premium Option Date) shall be treated as Collections of Principal Receivables.
The Transferor shall also have the option of reducing or withdrawing the Premium Percentage, at any time and from time to time, on and after such Premium Option Date.