MONTHLY PREMIUM Clause Samples
MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1998-2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-2 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.
MONTHLY PREMIUM. Single Coverage (employee, 1 Party) - $46.61 Family Coverage (employee and spouse, 2 Party) - $131.45 Family Coverage (employee and child(ren)) - $131.45 Family Coverage (full family, 3+ Party) - $131.45
MONTHLY PREMIUM. If the premium is a monthly premium, whether or not all the Covered Loans have a single Coverage Effective Date, the initial premium for each Covered Loan shall be calculated by multiplying the Monthly Premium Rate by the Initial Principal Balance of each Covered Loan. The Insured will make its best effort to pay the initial premium within five (5) days of delivery of the Set-up File, but in all cases the initial premium will be paid within ten (10) days of delivery of the Set-up File. After that payment, all regular subsequent premiums shall be calculated by multiplying the Monthly Premium Rate by the then-current unpaid principal balance of each Covered Loan as of the day immediately preceding the first (1st) day of the month for which the subsequent premium is due and as such balance is reported in the Monthly Servicing Report. The Insured will pay regular subsequent premiums within thirty (30) days of the end of each month. If the regular renewal premium is not paid within such period, the Company will promptly notify the Insured that it has not been paid pursuant to Section 3.2 (Lapse of Coverage for Covered Loan for Failure to Pay Subsequent Premium; Reinstatement3.2 Lapse of Coverage for Covered Loan for Failure to Pay Subsequent Premium).
MONTHLY PREMIUM. The Monthly Premium for each Subscriber is noted on the Declaration Page.
MONTHLY PREMIUM. Single Coverage (employee, 1 Party) - $34.52 Family Coverage (employee and spouse, 2 Party) - $114.09 Family Coverage (employee and child(ren)) - $114.09 Family Coverage (full family, 3+ Party) - $114.09 Contract Requisition Number: CR062000 Contract Number: C031823 Vendor Number: V025357
MONTHLY PREMIUM. The monthly premium amounts and the required employer contribution amount or percentage for each member are written below ‘Monthly Premium Information’ in the Schedule. • Premium modifications. PacificSource may modify premium rates on any renewal date by giving the group a 60 day prior written notice. The group may reject the modification by giving written notice to PacificSource at least 15 days before the modification is to take place. Rejection of any modification terminates this policy. Payment of premium after receiving notice of modification constitutes the policyholder’s acceptance of the change. • When premium is due. By the first day of each month while the group policy continues in effect, the policyholder will pay to PacificSource monthly premiums as follows: − Full monthly premium for each member who is enrolled for all or any part of the month except as provided below. − Prorated premium for each member who becomes enrolled after the first of the month in accordance with any policy provision that allows mid-month enrollment. The prorated premium is equal to 1/30th the full monthly premium, multiplied by the number of days remaining in the month from the date of enrollment. Premium is not considered paid until PacificSource receives the full premium amount in cash or a form readily convertible to cash. The policyholder is not the agent of PacificSource for the purpose of collecting premiums. • Premium tax and/or assessments. In the event your state or the federal government imposes a tax on premium received from your state sited policyholders, or an assessment is imposed, PacificSource reserves the right to increase such policyholders’ premium rates to include the amount of the premium tax or assessment. The increase in premium rates becomes effective on the date the tax or assessment is imposed on the premium of your state sited policyholders. • Grace period. There is a 30 day grace period for payment of each monthly premium. If premium is not paid within the grace period, PacificSource will cancel the group policy at the end of the grace period after the policyholder is notified in writing by PacificSource that premium is past due (see General Policy Provisions - Term and Termination - Notice of termination). The group’s coverage and all claim liability will end on the last day of the last month for which premiums were paid by the policyholder and accepted by PacificSource. If PacificSource deposits funds remitted by the policyholder after t...
MONTHLY PREMIUM. The total of the Risk Premium and the Marketing Fee collected by the Intermediary.
MONTHLY PREMIUM. The total of the Risk Premium and the Marketing Fee collected by the Representative.
MONTHLY PREMIUM. Your monthly premium is found on your declarations page. Monthly premiums may change for all policyholders to reflect changes in the costs of veterinary medicine. We will notify you at least forty- five (45) days in advance of such change. However, if you have prepaid the premium for this policy for a specified period, we may not unilaterally increase the rate charged or decrease the coverage provided for the period for which the premium has been paid unless:
a. There is a change in risk during that period because of the addition or removal of any pet that was included in the rate at last renewal;
b. The risk was misrepresented by you; or
c. You request a policy change that increases the rate because of that specific request.
MONTHLY PREMIUM. 19.1. The Concessionaire, during the Concession Period under this Agreement shall pay Monthly Premiumto the Authority that will be paid in the manner as detailed below and more specifically on the 7th (seventh) day of each Calendar month when the Monthly Premium is due, and if such day is holiday in Ujjain, then on a previous working day.
19.1.1. The Bid submitted by the Concessionaire shall form the basis for the payment of the Monthly Premium during the Concession Period. The Concessionaire during the Concession Period shall pay Authoritythe Monthly Premium of [Rs. xx crore (Rupees xx crore) in year 1 of the Concession Period, which will be escalated by 7% (seven percent) per annum;
19.1.2. For avoidance of doubt, it is clarified thatthe GST shall be payable extra by the Concessionaire at prevailing rate, if applicable on Monthly Premium during the Concession Period.
19.2. If the Concessionaire unreasonably delays the payment of any amounts due to the Authority for a period in excess of 7 (seven) days from the date on which such amount falls due, the Concessionaire shall be liable to pay interest on the said amount for each day of delay at the rate of prevailing State Bank of India base rate plus two percent.
19.3. Unless otherwise specified, the Concessionaire shall pay such taxes, duties, fees and other impositions as may be levied on the Monthly Premium under the Applicable Law.