ADMINISTRATIVE PAYMENT Sample Clauses

ADMINISTRATIVE PAYMENT. In addition to any other rights of MGA set forth herein or in the Documents, MGA may require payment by the AGENCY or the AGENT of an amount not to exceed the gross amount of any commission derived by the AGENCY or the Agent on any CARRIERS policy or policies written or bound in violation of this AGREEMENT or the Documents, applicable Statutes, Insurance Codes, or Insurance Regulations. Failure of the AGENCY or the Agent to make such payment upon written demand by MGA is grounds for immediate termination of the AGREEMENT by MGA.
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ADMINISTRATIVE PAYMENT. In addition to any other rights of the Company set forth herein or in the Company’s Agency Manual, the Company may require payment by the Member Agency of an amount not to exceed any commission derived by the Member Agency on any Company policy or policies written or bound in violation of, or not in accordance with, this Agreement, the Company’s Agency Manual, the New Jersey Insurance Laws or the Rules and Regulations of the New Jersey Department of Banking and Insurance. Failure of the Member Agency to make such payment shall constitute grounds for the immediate termination of this Agreement.
Sample 1
ADMINISTRATIVE PAYMENT. In addition to any other rights of Company set forth herein or in the Documents, Company may require payment by the Agency of an amount not to exceed the gross amount of any commission derived by the Agency on any Company policy or policies written or bound in violation of this Agreement or the Documents, applicable Statutes, Insurance Codes, or Insurance Regulations. Failure of the Agency to make such payment upon written demand by Company is grounds for immediate termination of the Agreement by Company.
Sample 1
ADMINISTRATIVE PAYMENT. In addition to any other rights of the Company set forth herein or in the Company’s Agency Manual, the Company may require payment by the Agency of an amount not to exceed any commission derived by the Agency on any Company policy or policies written or bound in violation of, or not in accordance with, this Agreement, the Company’s Agency Manual, the Florida Insurance Code or the Rules and Regulations of the DFS. Failure of the Agency to make such payment shall constitute grounds for the immediate termination of this Agreement.
Sample 1

Related to ADMINISTRATIVE PAYMENT

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

  • Administrative Costs Administrative costs will not be included in the budget neutrality limit, but the State must separately track and report additional administrative costs that are directly attributable to the Demonstration. All such administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver, using “MA Demo” as the waiver name.

  • Administrative Penalty That Respondent shall pay an Administrative Penalty of $1,000.00 to the Participating States to be distributed equally amongst the Participating States (the “per-state payment”).

  • Administration Fee As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive the Administration Fee in accordance with Section 8.4 of the Indenture. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Credit, Payment and Collection You will receive a single monthly bill for both your natural gas and the delivery of such natural gas from your utility distribution company. Payment is due by the date set forth on the invoice. Should you fail to pay the monthly bill or fail to meet any agreed upon payment arrangement, your service may be terminated in accordance with your local utility’s tariffs and your contract with XOOM may be automatically terminated, leading to XOOM seeking cost recovery fees as set out herein. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. If accepted as a customer, XOOM may report your payment experience. Bills not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month. XOOM will charge a

  • Administrative Duties 94 SECTION 12.2 Records.....................................................................97 SECTION 12.3 Additional Information to be Furnished to the Issuer........................97

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