Define Monthly
Insurance Premium Payment. means an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Insurance Premiums on the date when such Insurance Premiums were last due (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Insurance Premiums next due, including, without limitation, changes in replacement values and premium rates); (iii) the term "Monthly Reserve Payment" shall mean an amount equal to one-twelfth (1/12th) of (A) twice the sum of the then required Monthly Tax Payment and the then required Monthly Insurance Premium Payment less (B) the balance of the Escrow Reserve Funds (as hereinafter defined) at the time of Mortgagee's last periodic analysis thereof; and (iv) the term "Monthly Escrow Payment" shall mean the sum of the Monthly Tax Payment, Monthly Insurance Payment, and Monthly Reserve Payment then required by Mortgagee.
Monthly
Insurance Premium Payment means an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Insurance Premiums on the date when such Insurance Premiums were last due (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Insurance Premiums next due, including, without limitation, changes in replacement values and premium rates); (iii) the term "Monthly Reserve Payment" shall mean an amount equal to one-twelfth (1/12th) of (A) twice the sum of the then required Monthly Tax Payment and the then required Monthly Insurance Premium Payment less (B) the balance of the Escrow Reserve Funds (as hereinafter defined) at the time of Mortgagee's last periodic analysis thereof; and (iv) the term "Monthly Escrow Payment" shall mean the sum of the Monthly Tax Payment, Monthly Insurance Payment, and Monthly Reserve Payment then required by Mortgagee.
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.
Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.
Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.
SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”
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