Certificate Insurer Premium definition

Certificate Insurer Premium. The premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.

Certificate Insurer Premium. The Policy premium payable pursuant to Section 3.25(b) hereof.

Certificate Insurer Premium. The Policy premium payable pursuant to Section 4.01(a) hereof for each Distribution Date in an amount equal to the Certificate Insurer Premium Rate accrued for one month, on the basis of a 360-day year consisting of twelve 30-day months, on the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date.

Examples of Certificate Insurer Premium in a sentence

• No such modification shall reduce the Mortgage Rate on a Mortgage Loan below one-half of the Mortgage Rate as in effect on the Cut-off Date, but not less than the sum of the rates at which the Servicing Fee, the Subservicing Fee and the Certificate Insurer Premium Rate accrue.

• The steps in implementing an appropriation are followed by a summary of other sources of the NRC’s funds.

• On each Distribution Date, prior to making any other distributions referred to in Section 4.02 herein, the Trustee shall withdraw from the Certificate Account and pay to the Insurer, by wire transfer of immediately available funds to the Insurer Account, the Certificate Insurer Premium for such Distribution Date.

• At such time as the Class A Principal Balance has been reduced to zero and the Certificate Insurer has been reimbursed for all amounts to which it is entitled hereunder and has been paid all Certificate Insurer Premium amounts due and owing hereunder, the Certificate Insurer's rights hereunder shall terminate.

• The calculation of the Trustee Fee, the Servicing Fee, the Pool Insurer Fee, the Special Hazard Insurer Fee, the Loss Mitigation Fee, the Certificate Insurer Premium and interest on all Classes of Certificates and on all Uncertificated Interests shall be made on the basis of a 360-day year consisting of twelve 30-day months.

More Definitions of Certificate Insurer Premium

Certificate Insurer Premium. The "Premium," with respect to the Class A-3 Certificates, as set forth in Section 3.03 of the Insurance Agreement.

Certificate Insurer Premium. With respect to the Class A-I Certificates, the premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-I Certificates immediately prior to such Distribution Date. With respect to the Class A-II Certificates, the premium payable to the Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-II Certificates immediately prior to such Distribution Date.

Certificate Insurer Premium. The premium for the Policy payable pursuant to Section 4.01 hereof for each Distribution Date in an amount equal to (i) the product of the Certificate Insurer Premium Rate and the aggregate Class Principal Balance of the Insured Certificates immediately prior to such Distribution Date, divided by (ii) 12; provided that the Certificate Insurer Premium payable on the April 2007 Distribution Date is $5,411.54.

Certificate Insurer Premium. With respect to the Fixed Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Fixed Rate Group Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group Certificate Principal Balance immediately prior to such Distribution Date.

Certificate Insurer Premium. With respect to any Distribution Date, an amount equal to one-twelfth of the product of (a) the sum of the Class Principal Amount of the Class 2-A1B and Class 2-A2B Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the Premium Percentage.

Certificate Insurer Premium. With respect to the Fixed Rate Group Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Fixed Rate Group Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group I Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group I Certificate Principal Balance immediately prior to such Distribution Date. With respect to the Adjustable Rate Group II Certificates, the premium due to the Certificate Insurer on each Distribution Date, which amount shall be equal to 1/12 of the product of the applicable Insurer Premium Rate and the Adjustable Rate Group II Certificate Principal Balance immediately prior to such Distribution Date. The Certificate Insurer Premium shall also include any premium supplement for a Certificate Group imposed under the Insurance Agreement.

Certificate Insurer Premium. With respect to the Class A-I-4 Certificates, the premium payable to the Certificate Insurer on each Distribution Date in an amount equal to one-twelfth of the product of the related Certificate Insurer Premium Rate and the Certificate Principal Balance of the Class A-I-4 Certificates immediately prior to such Distribution Date.