Payment of Insurance. An employee who is laid off or is on a non-medical non-paid leave of absence, must assume the required premiums for all insurance commencing the first month immediately following such layoff or leave of absence in accordance with the federal law.
Payment of Insurance. In the event that Tenant shall fail to obtain the insurance policies required hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to procure or to pay the same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within five (5) days after receipt of a xxxx therefor.
Payment of Insurance. The insurance required by Subsection (a) and (b) of this Section, whether obtained by Manager on behalf of Owner or by Owner directly, shall be an operating expense of the applicable Property and paid from such Property's revenues or reserves or by the Owner, as directed by the Owner. The insurance coverage required pursuant to Subsection (c) shall be paid for by the Manager from its own funds.
Payment of Insurance. SWWC shall make a payment of insurance premiums for each employee to provide insurance coverage for the full twelve (12) month period commencing September 1 and ending August 31. The out-of-pocket premium cost will be deducted over 17 paychecks beginning September 15 through May 15. HSA contributions by the employer will be made over 20 paychecks beginning September 15 through June 30. If as a result of a qualifying event, insurance coverage ends during the year, the employee will be reimbursed for any over payment of insurance premiums.
Payment of Insurance. Lessee shall pay for all insurance required under Paragraph 8 except to the extent of the cost attributable to liability insurance carried by Lessor under Paragraph 8.2(b) in excess of $2,000,000 per occurrence. Premiums for policy periods commencing prior to, or extending beyond, the Lease term shall be prorated to correspond to the Lease term. Payment shall be made by Lessee to Lessor in monthly installments as part of the NNNcosts.
Payment of Insurance. Borrower shall timely pay all premiums on all insurance policies to assure that at all times Borrower has in effect insurance as required pursuant to the Insurance Requirements attached hereto as Exhibit E. In order to effectuate the timely payment of all premiums, Borrower shall pay to Lender, at the time of and in addition to the monthly installments of principal and/or interest due under the Note, a sum equal to 1/12 of the amount estimated by Lender to be sufficient to enable Lender to pay at least 30 days before they become due and payable, all insurance premiums relating to Borrower and the Project as determined by Lender (the “Insurance Escrow”). Notwithstanding the foregoing to the contrary, so long as (i) Lender has provided written approval of the blanket insurance policy covering the Project, including with respect to carrier and coverage (and such coverage shall comply in all respects with the form of insurance required by the minimum insurance requirements set forth in Exhibit E attached hereto), (ii) the protection afforded Borrower under any blanket insurance approved hereunder shall be no less than that which would have been afforded under a separate policy or policies relating to the Project, (iii) such carrier has agreed to provide Lender with written notice of cancellation of such policy 30 days prior thereto, (iv) Borrowers at all times during the term of the Loan provide evidence of timely payment of all insurance premiums in respect of such policy prior to the due date thereof, and (v) no Event of Default exists hereunder, solely with respect to insurance provided by such blanket policies, Borrower’s obligation to impound funds in the Insurance Escrow pursuant to this Section 4.2(e) shall be suspended.
Payment of Insurance. Your Group Life Insurance will be paid in a lump sum to your designated beneficiary or estate in the event of your death.
Payment of Insurance. In the event that Tenant shall fail to obtain the insurance policies required hereunder, Landlord shall have the right, but not the obligation, to purchase the same in which case Tenant shall repay the cost thereof to Landlord with Tenant’s next Annual Rent installment together with the applicable Administrative Fee.
Payment of Insurance. An employee who is laid off or is on a non-paid leave of absence, must assume all required premiums for all insurance commencing the first month immediately following such layoff or leave of absence. For employees on layoff, the duration and payment requirements shall be controlled by COBRA. For employees granted a non-paid leave, the Employee shall pay all required benefit costs by means of payroll deduction using their accrued vacation and/or compensatory time leave banks during said leave to the extent necessary to cover benefit costs. If such banks are insufficient, the Employee shall be required to submit full payment, in advance of the applicable insurance period, to the Employer. Premiums not paid in full on a timely basis may result in termination of coverage. Upon return to work, an employee may “buy back” through voluntary payment deduction, the accrued paid time off used to cover benefit costs while on leave.
Payment of Insurance. Proceeds All insurance money paid on account of such damage or destruction under the policies of insurance required by this Agreement, less the cost, if any, incurred in connection with the adjustment of the loss and the collection thereof (referred to below as the “insurance proceeds”), shall be applied to the payment of the cost of the work to the extent that the insurance proceeds shall be sufficient for the purpose, and shall be paid out to or for the account of Contractor from time to time as such work progresses.
