Applicable Premium

Example Definitions of "Applicable Premium"
Applicable Premium. Shall mean, with respect to any Note on any applicable Redemption Date, the greater of: (1) 1.0% of the then outstanding principal amount of such Note (expressed in dollars); or (2) the excess of (expressed in dollars): a. the present value at such Redemption Date of (i) 100% of the then Outstanding principal amount of such Note plus (ii) all required interest payments to become due on such Note from and after 1 such Redemption Date through February 20, 2025 (excluding accrued but unpaid... interest to the Redemption Date), computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over b. the then Outstanding principal amount of such Note. View More
Applicable Premium. Shall mean, with respect to any Note of either series on any applicable Redemption Date, the greater of: (1) 1.0% of the then outstanding principal amount of such Note (expressed in dollars); or (2) the excess of (expressed in dollars): a. (a) the present value at such Redemption Date of (i) 100% of the then Outstanding principal amount of such Note plus (ii) all required interest payments to become due on such Note from and after 1 such Redemption Date through February March 20, 2025... (excluding 2024 in the case of the 2024 Notes or May 20, 2026 in the case of the 2026 Notes (in each case excluding accrued but unpaid interest to the Redemption Date), computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over b. 1 (b) the then Outstanding principal amount of such Note. View More
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Applicable Premium. Applicable Premium means, with respect to a group health plan, the applicable premium as defined in Section 604 of ERISA with respect to a month.
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