Insurance Premiums Paid. All premiums due on all Hazard Insurance Policies have been paid in full. If any Obligor is in default in the payment of premiums on its Hazard Insurance Policy or Policies, and if the applicable Seller elects to have the MH Loan continue to be a Purchased Loan and does not substitute that Purchased Loan with another Eligible Loan, the applicable Seller shall pay such premiums on that policy or a replacement policy out of its own funds, and may add separately such premium to the Obligor's obligation as provided by the MH Loan, but may not add such premium to the remaining principal balance of the MH Loan for purposes of this Agreement. If the Obligor does not reimburse the applicable Seller for payment of such premiums and the related MH Loan is liquidated after a default, the applicable Seller shall be reimbursed for its payment of such premiums out of the related liquidation proceeds. The applicable Seller may, in lieu of causing individual Hazard Insurance Policies to be maintained with respect to each Manufactured Home, and shall, to the extent that the related MH Loan does not require the Obligor to maintain a Hazard Insurance Policy with respect to the related Manufactured Home, maintain one or more blanket insurance policies covering losses as required under Section 3 above, resulting from the absence or insufficiency of individual Hazard Insurance Policies. Any such blanket policy shall be substantially in the form that is customary for blanket insurance policies issued to cover Manufactured Homes and in the amount sufficient to cover all losses on the MH Loans. The applicable Seller shall pay, out of its own funds, the premium for such policy on the basis described therein and shall deposit in the designated Blocked Account on the Business Day next preceding the Payment Date following the Monthly Period in which the insurance proceeds from claims in respect of any MH Loans under such blanket policy are or should have been received, the deductible amount with respect to such claims. The applicable Seller shall not, however, be required to deposit any deductible amount with respect to claims under individual Hazard Insurance Policies. If the applicable Seller shall have repossessed a Manufactured Home on behalf of the Buyer, the applicable Seller shall either (x) maintain at its expense a Hazard Insurance Policy with respect to such Manufactured Home, except that the applicable Seller shall be responsible for depositing any deductible amount with re...
Insurance Premiums Paid. Section 2.
Insurance Premiums Paid. For the 2018-19 school year, the School District shall contribute a monthly sum not to exceed $490 for a single employee insurance plan, $980 for an employee and spouse, $809 for an employee and minor children, and $1323 for a family (employee, spouse and minor children) plan. Minor children shall include any child under the age of 18 and any child under the age of 19 who has not graduated from high school. If an employee who does not enroll any minor children wishes to enroll adult children (a child who has reached the age of 19 or who has reached the age of 18 and graduated from high school) on the employee’s plan, the employee is responsible for the premium for the adult children. If this adult child only premium is deemed illegal, discriminatory, or in violation of the ACA by an administrative agency or a court of competent jurisdiction, the School District will make the same premium contribution that it makes for an employee with minor children until such time as a new agreement is reached. Part-time certified staff shall receive health benefits at a prorated amount. Any additional cost of the premium shall be borne by the employee and paid by payroll deduction.
Insurance Premiums Paid. Any insurance premium (including any insurance premium owed to the Pension Benefit Guaranty Corporation with respect to any Employee Plan that is required or payable at or before the Closing with respect to any Employee Plan will have been paid, accrued, and booked on or before the Closing, and, with respect to any insurance policy related to any Employee Plan, to the Knowledge of any INSO Subsidiary there will be no liability of any INSO Subsidiary or Buyer in the nature of a retroactive rate adjustment, loss sharing arrangement, or other liability arising wholly or partially out of events occurring prior to the Closing.
