Premium Termination Date definition

Premium Termination Date. With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.
Premium Termination Date. With respect to the Series A Certificates, December 27, 2011, with respect to the Series B Certificates, February 5, 2010 and with respect to the Series C Certificates, March 22, 2007.
Premium Termination Date means August 22, 2008 in the case of the Series A Equipment Notes, April 30, 2004 in the case of the Series B Equipment Notes and February 16, 2002 in the case of the Series C Equipment Notes.

Examples of Premium Termination Date in a sentence

Following the Premium Termination Date, the Participant shall cease to participate in this Plan, but shall retain all ownership rights under the Policy, including the right to continue such coverage in force by paying premiums on the Policy directly to the Insurer.

The Bonds of each series shall be subject to redemption, at the option of the Company, in whole at any time or in part from time to time, at the Redemption Price of 100% of the unpaid principal amount of the Bonds to be so redeemed, plus accrued interest, if any, thereon to the Redemption Date, plus, if such redemption is made prior to the applicable Premium Termination Date, the Make-Whole Premium, if any.

Such option to purchase the Equipment Notes may be exercised (x) upon a Mortgagee Event or (y) in the event there shall have occurred and be continuing a Lease Event of Default PROVIDED that if such option is exercised pursuant to clause (y) at a time prior to the Premium Termination Date when there shall have occurred and be continuing for less than 120 days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.

If the Participant’s Premium Termination Date occurs after the Company has paid a premium on the Policy but before the end of the coverage period supported by such premium, the Insurer shall credit the Company for the pro rata portion of such premium representing the unexpired coverage period, calculated from the Participant’s Premium Termination Date.

The 199__ Bonds of each series shall be subject to redemption, at the option of the Owner Trustee, in whole at any time or in part from time to time, at the Redemption Price of 100% of the unpaid principal amount of the 199__ Bonds of each series to be so redeemed, plus accrued interest, if any, thereon to the Redemption Date, plus, if such redemption is made prior to the applicable Premium Termination Date, the Make-Whole Premium, if any.


More Definitions of Premium Termination Date

Premium Termination Date. With respect to the Certificates having a Maturity in 2013, October 23, 2006 and with respect to the Certificates having a Maturity in 2015, June 23, 2016.
Premium Termination Date means, with respect to each Series SWA 1995 Trust N397SW Certificate, the date set forth as the "Premium Termination Date" in Exhibit B hereto completed in accordance with Article 15 for Certificates of the Maturity Date of such Certificate.
Premium Termination Date means the 90th day prior to the Initial Stated Maturity.
Premium Termination Date means January 13, 2012.
Premium Termination Date means _________ for a Series __ Bond and _______ for a Series __ Bond. "Investment Banker" shall mean an independent investment banking institution of national standing appointed by LP&L or, if the Trustee does not receive notice of such appointment at least ten days prior to a scheduled Redemption Date or if an event of default under any Lease shall have occurred and be continuing, appointed by the Owner Trustee. "Treasury Rate" shall mean, with respect to each Bond to be redeemed, a per annum rate (expressed as a semiannual equivalent and as a decimal and, in the case of United States Treasury bills, converted to a bond equivalent yield) determined to be the per annum rate equal to the semiannual yield to maturity of United States Treasury securities maturing on the Average Life Date of such Bond, as determined by interpolation between the most recent weekly average yields to maturity for two series of United States Treasury securities (A) one maturing as close as possible to, but earlier than, the Average Life Date of such Bond and (B) the other maturing as close as possible to, but later than, the Average Life Date of such Bond, in each case as published in the most recent H.15(519) (or, if a weekly average yield to maturity for United States Treasury securities maturing on the Average Life Date of such Bond is reported in the most recent H.15(519), as published in H.15(519)). H.15(519) means "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System. The most recent H.15(519) means the latest H.15(519) which is published prior to the close of business on the third business day prior to the applicable Redemption Date. "Average Life Date" shall mean, with respect to any Bond to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life of such Bond. "Remaining Weighted Average Life" shall mean, with respect to any Bond to be redeemed, the number of days equal to the quotient obtained by dividing (A) the sum of the products obtained by multiplying (1) the amount of each remaining principal payment on such Bond by (2) the number of days from and including the redemption date, to but excluding the scheduled payment date of such principal payment by (B) the unpaid principal amount of such Bond.
Premium Termination Date means April 1, 2010, in the case of the Series A Equipment Notes, April 1, 2007 in the case of the Series B Equipment Notes and April 1, 2003 in the case of the Series C Equipment Notes.
Premium Termination Date means August 25, 2013.