Premium Shortfall definition

Premium Shortfall. For any Distribution Date, the amount by which the Premium Payment (as reduced pursuant to Section 5.02(c)) exceeds the amount of premium actually distributed to MBIA on such Distribution Date pursuant to clause (i) of the definition of Premium Distribution Amount.
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Premium Shortfall. For any Distribution Date, the amount by which the Premium Payment exceeds the amount of premium actually distributed to Assured Guaranty on such Distribution Date pursuant to clause (i) of the definition of Premium Distribution Amount.
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Premium Shortfall. For any Distribution Date, the amount by which the Premium Payment (as reduced pursuant to Section 6.03(i) exceeds the amount of premium actually distributed to Radian on such Distribution Date pursuant to clause (i) of the definition of Premium Distribution Amount.
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Examples of Premium Shortfall in a sentence

  • Termination Premium Shortfall from the Group Finance Charge Collections Reallocation Account.

  • If applicable, on or after the Series Pre-Funding Deadline, an amount equal to the lesser of (A) the Class B Early Termination Premium or the Class B Early Termination Premium Shortfall, as applicable, and (B) the sum of any remaining Series Finance Charge Collections and any remaining Series Additional Allocable Amounts shall be withdrawn from the Series Collections Account and deposited into the Series Distribution Account.

  • In the event that the Excess Aviation Premium is insufficient to fully absorb the premium for the Runoff Coverage, the Seller will indemnify the Purchaser for any shortfall (the "Runoff Coverage Premium Shortfall") in the manner below.

  • Premium Shortfall from the Group Finance Charge Collections Reallocation Account.


More Definitions of Premium Shortfall

Premium Shortfall. For any Distribution Date, the amount by which the Premium Payment exceeds the amount of premium actually distributed to the Class I-A-5 Insurer on such Distribution Date pursuant to clause (i) of the definition of Premium Distribution Amount.
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