Examples of Premium Amount in a sentence
Thereafter Advance Premium Amount shall be paid online annually from the 2nd year onwards at the beginning of the 2nd year/3rd year/4th year/5th year of operation as the case maybe.
WBMDTCL shall invoke the Performance Security, Additional Performance Security as applicable and Advance Premium Amount provided by the MDO in case of such a termination.
After approval of the Mining Plan/ Obtaining the environment clearance, the amount of Performance Security, Additional Performance Security, if applicable, and installment of Advance Premium Amount, Premium Fee Guarantee shall be revised, if required, as per the actual production capacity according to the approved Mining Plan/ permissible in Environmental Clearance of respective Sand Mining Blocks.
In case of the repeated occurrence of Events of Default as mentioned in Clause 9.5 (a) and Clause 9.5 (b), due to the fault of MDO, WBMDTCL mayterminate the Agreement by written notice and shall invoke the Performance Security and Additional Performance Security as applicable and full Advance Premium Amount provided by the MDO.
Such premium shall be payable in respect of each Security on its outstanding nominal amount from the Premium Commencement Date either (i) at the rate per annum (expressed as a percentage) equal to the Rate of Premium or (ii) in an amount equal to a fixed Premium Amount, such premium being payable in arrear on each Premium Payment Date.