Insurance Premium Payments. When an employee has used his/her accumulated sick leave, that employee then assumes the premium payment of both health and life insurance policies.
Insurance Premium Payments. A teacher who elects health insurance coverage as per the terms and conditions of said group insurance plan may at that time elect that the Board remit for on the teacher’s behalf during the school year to the insurance carrier a sum equal to the premium owed by the teacher for the individual or dependent coverage elected. The amount of gross wages due a teacher in the form of salary shall be the sum specified on the salary schedule teacher’s contribution towards health insurance premium costs, paid in installments as otherwise provided herein, provided the Board shall also deduct from said gross wages all sums as required by law or as authorized by the teacher pursuant to this Agreement. The teacher shall have no right or claim to the funds so remitted. Once said election is made as provided above, it may not be rescinded except in the case of the death of the insured dependents. The Board does not warrant that the deduction made in the amount as listed on the salary schedule by the Board for the teachers as set forth above are deemed excludable from the teachers’ gross wages, and as such, the Association and each individual teacher shall and do hereby indemnify and hold harmless the Board, its members, its agents, and its employees from any and all claims, demands, actions, complaints, suits, assessments or deficiencies or other liability by reason of the payments of individual or dependent insurance premiums pursuant to the provision of this section.
Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable, and the right of the Certificate Insurer to receive any Insurance Premium payable hereunder shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any fiscal agent on behalf of the Certificate Insurer makes any payment under the Certificate Policy or any other circumstances relating to the Insured Certificates or the Certificate Policy (including payment or any provision being made for payment of the Insured Certificateholders prior to the final date for distribution in respect of the Insured Certificates under this Agreement). The Master Servicer on behalf of the Trustee (or the Paying Agent appointed by the Trustee) shall pay the Insurance Premium and all other amounts payable to the Certificate Insurer under this Agreement, and the Trustee shall pay to the Certificate Insurer, upon direction of the Master Servicer and receipt of funds sufficient for such payment, any amounts payable to the Certificate Insurer under the Certificate Policy and not payable by the Master Servicer hereunder, in each case in immediately available funds by wire transfer to such account as the Certificate Insurer shall designate by notice, and in the lawful currency of the United States of America.
Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable and the right of the Certificate Insurer to receive any Insurance Premium payable hereunder shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any fiscal agent on behalf of the Insurer makes any payment under the Certificate Policy or any other circumstances relating to the Insured Certificates or the Certificate Policy (including payment or any provision being made for payment of the Insured Certificateholders prior to the final date for distribution in respect of the Insured Certificates under this Agreement.
(b) The Trustee shall pay the Insurance Premium and all other amounts payable to the Certificate Insurer under the Certificate Policy, this Agreement or otherwise in immediately available funds by wire transfer to such account as the Certificate Insurer shall designate by notice, and in the lawful currency of the United States of America, on the dates when due.
Insurance Premium Payments. At Closing, Seller shall pay to an insurance company designated by Buyer a premium payment on behalf of Buyer in the amount of One Million, Five Hundred Thousand Dollars ($1,500,000.
Insurance Premium Payments. 23 5.8.5 LETTERS OF CREDIT . . . . . . . . . . . . . . 23 5.9 RIGHT TO SELLER BUSINESS POST CLOSING. . . . . . . . 25 5.10 RIGHT TO SELLER INTELLECTUAL PROPERTY POST CLOSING . . . . . . . . . . . . . . . . . . . . . . 25 5.11 MIS AND TELECOMMUNICATIONS SERVICES POST CLOSING. . 25 5.12
Insurance Premium Payments. 64- Section 12.07. Ratings....................................................................-65- Section 12.08. Third Party Beneficiaries..................................................-65- EXHIBITS
Insurance Premium Payments. Borrower shall pay all insurance premiums in respect to insurance coverage required under Section 6. in advance on a monthly basis unless otherwise agreed in writing by the Lender.
Insurance Premium Payments. See attached analysis. -----------------------------------------------------------------------------------------------------------------------------------
Insurance Premium Payments. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder and/or third-party administrator, the Board shall make premium payments on behalf of the Supervisor and eligible dependents for the insurance programs as provided in Addendum A to the extent allowed by Board Policy and/or Law.
