Required Premium definition

Required Premium. If applicable, unless otherwise specified in the related Series Supplement, with respect to the Certificates of any Series or any Class thereof, an amount equal to the product, as determined on any Distribution Date with respect to such Series or Class, of (i) the Required Principal for such Series or Class and (ii) the Call Premium Percentage for such Series or Class.
Required Premium means 115%.
Required Premium means as applicable (i) 150% with respect to an Alternate Conversion pursuant to clause 5(a)(xvi) above or (ii) otherwise, 125%.

Examples of Required Premium in a sentence

  • The Insured must be alive when the Initial Required Premium is paid.

  • No insurance under this policy will take effect until we approve issuance of this policy and the conditions specified in the application form have been satisfied, including our receipt of the Initial Required Premium shown in Section 1.


More Definitions of Required Premium

Required Premium means 125%.
Required Premium. (qq) "Required Principal"; (rr) "Required Percentage"; (ss) "Required Rating"; (tt) "Requisite Reserve Amount"; (uu) "Retained Interest"; (vv) "Scheduled Final Distribution Date"; (ww) "Specified Currency"; (xx) "Surety Bond"; (yy) "Term Asset Provider"; (zz) "Term Asset Purchase Agreement"; (aaa) "Term Assets"; (bbb) "Term Assets Issuer"; (ccc) "Term Assets Schedule"; (ddd) "Trust"; (eee) "Trustee"; (fff) "Trust Termination Event";
Required Premium means 117.5%.
Required Premium means 100%.
Required Premium means: [specify if different than the Standard Terms]]
Required Premium means 110%.
Required Premium means the Participant's Coverage Amount for the Plan Year divided by 12 (or, if greater than 12, the number of regular compensation payments, if any, expected to be received by the Participant during the Plan Year).