Claim Payment. If a claim is made under insurance reinsured under this Agreement, Reinsurer will abide by the issue as it is settled by the Ceding Company. Copies of proofs or other written matters relating to any claim reimbursements under this Agreement shall be furnished to the Reinsurer upon written request. The Ceding Company will receive payment of the reinsurance proceeds when the Ceding Company makes the settlement of the policy proceeds. The Ceding Company will deliver a copy of the proof of death, check copy or proof of payment and the claimant's statement to the Reinsurer. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee.
Claim Payment. All payments by Claim Administrator for the benefit of any Covered Person may be made directly to any Provider furnishing Covered Services for which such payments are due, and Claim Administrator is authorized by such Covered Person to make such payments directly to such Providers. However, Claim Administrator reserves the right to pay any benefits that are payable under the terms of the Plan directly to the Covered Person or to the Provider furnishing Covered Services at Claim Administrator’s option and in its sole discretion. Claim Administrator’s decision to pay a Provider directly is not intended to waive and shall not constitute a waiver of the prohibition on assignment described in Section 1.3, below. All benefits payable to the Covered Person that remain unpaid at the time of the death of the Covered Person will be paid to the estate of the Covered Person.
Claim Payment. Beginning thirty (30) days after the Effective Date and on a rolling basis thereafter, the Claims Administrator will commence issuing payment for approved and validated Claims.
Claim Payment. If Company has elected the Billing Authorization Service, then within thirty (30) business days from the date on which Company submits a Claim against a Billing Authorization (the “Claim Payment Period”), Obligo will transfer funds covering the Claim amount to Company from Tenant’s Preauthorized Payment Methods.
Claim Payment. Company or Payor will pay or arrange to pay for all Covered Services as set forth herein.
Claim Payment. If a claim is made under insurance reinsured under this Agreement, Reinsurer will abide by the issue as it is settled by the Ceding Company. Copies of proofs or other written matters relating to any claim reimbursements under this Agreement shall be furnished to the Reinsurer upon written request. The Ceding Company will receive payment of the reinsurance proceeds when the Ceding Company makes the settlement of the policy proceeds. The Ceding Company will deliver a copy of the proof of death, check copy or proof of payment and the claimant's statement to the Reinsurer. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee. The Ceding Company reserves the right to charge interest on reinsurance proceeds. The interest will be calculated according to the 90 Day Federal Government Treasury Bill rate as first published in the Wall Street Journal in the month following the end of the billing period plus 50 basis points. The method of calculation will be simple interest "Bankers' Rule" (or 360 day year).
Claim Payment. The parties acknowledge that after the Closing Buyer may receive claims for or be subject to offsets related to claims for Promotional Payables in excess of the Agreed Amount ("Promotional Payable Claims") and that Seller may receive claims from, or be subjected to offsets by customers that relate to matters for which Buyer is responsible under this Agreement ("Customer Claims") (Promotional Payable Claims and Customer Claims being referred to herein as "Post-Closing Claims"). In the event a party (the "Receiving Party") receives Post-Closing Claims, it may submit such claims to the other party (the "Paying Party") on a weekly basis, with any documentation related to the Post-Closing Claims received by the Receiving Party ("Submitted Claims"), and the Paying Party shall pay the Receiving Party, by wire transfer, the amount of such Submitted Claims on the third business day following the date on which it received the Submitted Claims. If such payment is not made timely, the Receiving Party will be entitled to interest thereon at the rate of 18% per annum.
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Claim Payment. If a claim is made under insurance reinsured under this Agreement, Reinsurer will abide by the issue as it is settled by the Ceding Company. Copies of proofs or other written matters relating to any claim reimbursements under this Agreement shall be furnished to the Reinsurer upon written request. The Ceding Company will receive payment of the reinsurance proceeds when the Ceding Company makes the settlement of the policy proceeds. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee.
Claim Payment. If your buyer is insolvent, the claim is paid within 30 days of our receipt of the written evidence of the insolvency and all the documents establishing the debt. For other reasons of non-payment of your debt, the claim payment is calculated at the end of a five- month period after we have received your notification of overdue account with request for intervention. Claim payment is made within 30 days of this period provided that you have sent us all written evidence of the debt. GLOBALLIANCE CONTRACT Credit Insurance
