Loan Premium definition

Loan Premium means an amount equal to six million nine hundred thousand dollars ($6,900,000). 10
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Loan Premium has its meaning as set forth in Section 3 of the Schedule.
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Loan Premium. A premium on the Loan shall be payable by Borrower as part of the Obligations equal to a maximum of twenty percent (20%) the Loan amount specified in Section 1 of this Schedule (the “Loan Premium”), such Loan Premium to be earned monthly based on the number of months the Loan remains outstanding. The Loan Premium shall be prorated for any outstanding period that is less than a full month. The Loan Premium shall be due at Maturity (or if the Loan is repaid in full prior to the stated Maturity Date, on the date of such repayment). For example, if the Loan were repaid, in full, twelve (12) months from the Effective Date, a Loan Premium of $333,667 would be due ((($5.5MM * 0.20) / 36) * 12 = $333,667).
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Examples of Loan Premium in a sentence

  • In some of the specifications of our baseline model, we proxy banks’ risk attitude with the Loan Premium (LP), defined as the difference between the bank average interest rate applied on bank loans10 and the interest rate on 10-years Government Bond of the respective country.

  • The cover can be extended to all 4 borrowers under this policy subject to eligibility criterion as well as similar premium frequency for all 4 borrowers and similar cover type i.e. either level or decreasing.2. Each borrower will be covered for 100% of the loan amount (First Claim Basis – 100% of Loan): Premium will be based on joint life first death or any other covered event as per benefit opted.

  • Use the allowable quality information from the bale listing and FSA Loan Premium and Discount Schedule for the crop year recorded as Item 4 to complete Columns 10-14 of the Cotton Quality Adjustment Worksheet for each bale.

  • Interest receivable 13 monthsended 30Sept 2013£0005 ½ monthsended 31Aug 2012£000Bank interest receivable202105Bond Loan Premium release (Note 15)738- 940105 7.

  • This report is part of the process required for the Council to meet its legal obligations to set a balanced annual budget.

  • TLC recognizes the importance of mental health and social emotional supports; school counselors and social workers will be available to provide support for students.

  • Deed of Trust sufficient to encumber the estate or interest in the Land described or referred to herein for the benefit of the Proposed Insured Lender.NOTE: Bundled Loan Premium Rate includes: Loan Policy Premium, Included Loan Endorsement Charges and Tax Certificate Charge.

  • The promotion period of “Decoration Loan Premium Gift Offer” (“Promotion”) is from 19 April 2022 to 31 December 2022 (both dates inclusive) (“Promotion Period”).

  • Additionally, work with USDA/AMS and FSA, along with EWR to create a marker that flows with the Permanent Bale Identification and the HVI classing data, that would create a code on the FSA Loan Premium and Discount schedule.

  • Loan Premium AmortizationFor consolidated real estate loans, the interest method is applied as prescribed under FAS 91.


More Definitions of Loan Premium

Loan Premium means an amount equal to six million nine hundred thousand dollars ($6,900,000).
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Loan Premium means an amount equal to $100,000 minus the total amount of interest on this Note paid by Lender at or prior to the time such Loan Premium is paid (but in no event shall the Loan Premium be less than zero).
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Loan Premium shall have the meaning specified in Section 3.1(a).
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Related to Loan Premium

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.