Special Premium definition

Special Premium means a premium equal to (x) on or prior to December --------------- 31, 1992, 2%, (y) thereafter through (and including) December 31, 1994, 1% and (z) thereafter, 0%, of TRUST INDENTURE the principal amount of such Certificate subject to prepayment.

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Special Premium. - means the premium added to the regular premium that may be imposed on the Cooperative Savings and Credit Unions that have availed themselves of the Shares and Deposits Insurance, for the payment of extraordinary losses and special or additional coverage decreed by the Corporation.

Special Premium means, with respect to any purchase of the principal amount of Notes of any Series pursuant to Section 7.12 or any acceleration of the principal amount of any Substitute Note of any Series pursuant to Section 9.1 (such purchased or accelerated principal amount being hereinafter referred to as the "Prepaid Principal"), as at any date of determination, an amount equal to the greater of (i) zero and (ii) the excess of:

Examples of Special Premium in a sentence

Loans If this Option has been chosen in writing and a premium is not paid by the end of its grace period, a premium will be paid using any available Loan Value of the Policy as long as the Special Premium Option is not applied.
For the avoidance of doubt, no Prepayment Premium, Makewhole Amount, Change in Control Premium or Special Premium shall be payable in connection solely with a prepayment pursuant to this Section 2.2(c)(v).
The Company and the Guarantors expressly waive the provisions of any present or future statute or law that prohibits or may prohibit the collection of the Notes Special Premium in connection with any Notes Premium Event, in each case, to the maximum extent such waiver is permitted under applicable law.
For the avoidance of doubt, no Prepayment Premium, Makewhole Amount or Special Premium shall be payable in connection solely with a prepayment pursuant to this Section 2.2(c)(iv).
The Company and the Guarantors further (i) acknowledge and agree that payment of the Notes Special Premium does not constitute a penalty and is not an otherwise unenforceable or invalid obligation, and (ii) waive any argument to the contrary.
The Notes Special Premium payable pursuant to this Indenture shall be presumed to be the liquidated damages sustained by each Holder and the Company agrees that the Notes Special Premium is reasonable under the circumstances currently existing.
Section 8 of the Existing Note Agreements is amended by (a) deleting the definitions of "Computation Date" and "Computation Period" therefrom, (b) modifying the definition of "Event of Default" to refer to Section 11 of Schedule A to this Amendment Agreement and (c) amending the definition of "Special Premium" by replacing the reference to Section 9.1 therein with a reference to Section 12.1 of Schedule A of this Amendment Agreement.
For the avoidance of doubt, no Change in Control Premium or Special Premium shall be payable in connection with a prepayment solely pursuant to this Section 2.2(c)(i).
Premiere and the Acquisition Sub shall have -------------------- executed and delivered the Support Agreement, Premiere, the Acquisition Sub and an appropriate Trustee shall have executed and delivered the voting Trust Agreement, and Premiere shall have created the Special Premium Voting Share and issued the same in the name of, and deposited the same with, the Trustee.
Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest thereon and (y) the Special Premium determined in respect of such principal amount, shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived.

More Definitions of Special Premium

Special Premium is defined in Section 2.2(f)(iii).