Insurance Premium i. CITY shall pay the entire premium for group health, dental, vision, and life insurance for EMPLOYEE and for the EMPLOYEE’s eligible dependents.
ii. CITY shall pay One Hundred Percent (100%) of the total premium for the basic long-term disability plan offered by CITY. Additional premium for any “buy-up” to the plan is the EMPLOYEE’s sole responsibility.
Insurance Premium. 21.01 (a) The Employer shall contribute to the Steelworkers Trusted Benefit Plan (the “Plan”) on behalf of each employee for each pay period an amount equal to figures indicated below per hours earned.
Insurance Premium. For such Student Loan Seller has reported or shall report the amount of the insurance premium authorized to be collected, and has paid or shall pay said premium to the Guarantee Agency or the Secretary with all rights therein inuring to Purchaser; and in the event that on or prior to the Scheduled Sale Date for such Student Loan the applicable Student Borrower withdraws within the period specified as qualifying for a cancellation refund by the Guarantee Agency, Seller agrees to pay the amount of the premium to be refunded to Purchaser.
Insurance Premium amount of money, specified in the respective insurance policy within its payment terms and conditions and which is the insurance fee for insurance provided under this Agreement and respective insurance policy; The amount of Insurance Premium is determined considering the quality of the risk, the statistical indicators of right of subrogation exercised by the Insurer within the insurance portfolio, salvage realization and other important circumstances;
Insurance Premium. For each Eligible Loan Seller has reported or shall report the amount of the insurance premium authorized to be collected, and has paid or shall pay said premium to the Guarantee Agency or the Secretary with all rights therein inuring to Purchaser; and in the event a Student Borrower withdraws within the period specified as qualifying for a cancellation refund by the Guarantee Agency, Seller agrees to pay the amount of the premium to be refunded to Purchaser.
Insurance Premium.
6.1. The amount of the insurance premium to be paid by the Insured to the Insurer for each particular object, sum insured, Insurer’s liability limits, insurance rates and the amount of unconditional deductible shall be determined by relevant individual Insurance Policy on the basis of the data filled in the particular Insurance Application presented by the Insured.
6.2. Before making the first or single premium payment provided for under the Policy by the Insured, as well as the first premium payment or first/single insurance premium payment per each following year in case of multi-year policy, the Insurer shall be released from fulfillment of obligations.
6.3. In case of non-payment of the insurance premium on time i.e. by the date specified under the Insurance Policy, the Insurer shall set the additional two-week deadline for the Insured to pay the insurance premium. If after the expiration of the aforementioned deadline the insured event occurs and the payment still has not been performed, the Insurer shall be released from obligation to pay out the insurance indemnification. In addition, in case of non-payment of premium on time on the basis of one month prior written notification upon the ineffectual expiration of the aforementioned deadline the Insurer shall reserve the right to terminate the insurance agreement unilaterally.
Insurance Premium. For each Eligible Loan Seller has reported the amount of the insurance premium authorized to be collected, and has paid said premium to the Guarantee Agency or the Secretary with all rights therein inuring to Purchaser.
Insurance Premium. The Authority and the Concessionaire shall jointly make best endeavours to ensure that the security of the Storage Facility is maintained such that the level of risk premium under insurance covers (if any) that is to be borne by the Concessionaire shall be at the lowest possible rate. The Parties hereto agree that in the event of a significant rise in such risk premium arising primarily out of a change in the security environment, the Concessionaire shall, notwithstanding anything to the contrary contained in this Agreement, be entitled to pass on 50% (fifty per cent) of such increase to the Authority as and when required subject to submission of necessary proof of payment in this regard.
Insurance Premium. In consideration of the issuance by the Insurer of the Policy, the Insurer shall be entitled to receive the Insurance Premium, so long as no Insurer Default or Insurer Insolvency has occurred, as and when due in accordance with the terms of the Premium Side Letter Agreement (i) in the case of Insurance Premium due on or before the Date of Issuance, directly from the Servicer or the Seller and (ii) in the case of Insurance Premium due after the Date of Issuance, first, pursuant to the Sale and Allocation Agreement, and second, to the extent the amounts in subclause first are not sufficient, directly from the Servicer. For purposes of the Sale and Allocation Agreement, the term “Premium Percentage” shall have the meaning set forth in the Premium Side Letter Agreement. The Insurance Premium shall be calculated according to the Premium Side Letter Agreement for the amount due on or before the Date of Issuance and for the amount due on each Payment Date. The Insurance Premium paid hereunder or under the Sale and Allocation Agreement shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Obligations or provision being made for payment of the Obligations prior to maturity. All payments of Insurance Premium to be made to the Insurer shall be made by wire transfer to an account designated from time to time by the Insurer by written notice to the Servicer and the Indenture Trustee.
