Delinquent Premiums. The University shall have the right, at its option, to pay any delinquent premium upon any of Purchaser’s or Purchaser’s contractors’ or subcontractors’ insurance policies if found necessary to prevent a cancellation, non- renewal or material alteration thereof; and Purchaser agrees that it will, within TEN (10) DAYS, reimburse the University therefore.
Delinquent Premiums. If an eligible employee cannot pay for their share of health premiums, the Board shall terminate the health care coverage for that employee at the first of the month in which the delinquency.
Delinquent Premiums. The University shall have the right, at its option, to pay any delinquent premium upon any of Lessee’s or Lessee’s contractors’ or subcontractors’ insurance policies if found necessary to prevent a cancellation, non-renewal or material alteration thereof; and Lessee agrees that it will, within TEN (10) DAYS, reimburse the University therefore. Failure to furnish satisfactory evidence of insurance or the lapse of a policy is a material breach and grounds for termination of this Lease. All requirements regarding subcontractors or sub- lessees contained within Paragraph 38 remain applicable.
