Payment of Premium. Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.
Payment of Premium. You will provide settlement with cleared funds of all monies due in accordance with the payment date(s) specified in our debit note or other relevant payment documentation (“Payment Date”). Failure to meet the Payment Date may lead to insurers cancelling your contract, particularly where payment is a condition or warranty of a contract. It is imperative that you meet all payment dates. We are under no obligation to pay premium to insurers on your behalf. Client Money Disclosures
Payment of Premium. You will provide settlement with cleared funds of all monies due in time for us to make payment to insurers in accordance with the payment date(s) specified in our invoice or other relevant payment documentation (“Payment Date”). You must also pay any fees or charges applicable to your insurances. Where insurers have specified a premium payment warranty or condition in your policy, your insurers must receive the premium due from you by that date. You acknowledge that failure by you to pay by the Payment Date and/or comply with a premium payment warranty or condition may lead to insurers cancelling your policy. If you do not think that you will be able to meet the Payment Date and/or a premium payment warranty or condition, please contact us immediately. Client Money We are required to keep Client Money separate from our own money. We will normally do this by holding money in a client bank account. Any interest earned on Client Money will be retained by us. Currency Where we are able to deal in a currency other than the local currency, we are not responsible for any shortfalls in payments, including premium or claims payments arising from movements in foreign exchange rates. We may need to convert currency you have sent us into another currency for the purposes of carrying out your transaction. If we have converted but not paid such money to insurers or other third parties (and are not legally obliged to do so) and you request us to return such money to you, then you agree that we will return such money to you in the currency to which we have converted it and at the exchange rate at which we originally converted it. Should we agree to reconvert the currency for you, you will agree to accept the re-conversion at the market exchange rate prevailing at the time of re-conversion, less applicable bank charges.
Payment of Premium. 1. Except as recommended by the Premium Stabilization Committee and approved by the Association and the Elko County Commission the County shall pay 100% of the cost of the premium for employee only group health and vision insurance for the term of this agreement. Any portion of the employee-only premium paid by the employee shall be by payroll deduction and will be effective on and after August 1, 2012.
Payment of Premium. The first month's premium must be paid within the 30-day election period provided above. If the election is made during the Employee Open Enrollment Period the first premium must be paid before coverage takes effect on the Contractholder’s Anniversary Date following the Employee Open Enrollment Period. The Over-Age Dependent must pay subsequent premiums monthly, in advance, [at the times and in the manner specified by [the Carrier]] [and will be remitted by the Employer].
Payment of Premium. The Bank shall pay each premium on the Insurance Policy(ies) to the Insurer on or before the due date of such premium or within the grace period allowed by the Insurance Policy(ies) for the payment of such premium.
Payment of Premium. The Insured shall pay all amounts due to the Insurer in respect of Premium as provided in the Policy Schedule or an endorsement which specifies the method and basis of premium calculation. The Premium will be payable in the number of instalments and the amounts specified, each instalment being payable to the Insurer on or before the dates stated. All Premiums are payable in Policy Currency. The Insurer shall not be liable for Loss until and unless Premiums due are paid.
Payment of Premium. This Agreement has a regular grace period of thirty (30) days. This means that if a payment is not made on or before the date it is due, it may be paid during the grace period. During the grace period the Agreement will stay in force, unless prior to the date payment was due, the Subscriber gave timely written notice to the HMO that the Agreement is to be cancelled. If the Subscriber does not make payment during the grace period, the Agreement will be cancelled effective on the last day of the grace period and the HMO will have no liability for services which are incurred after the grace period. The HMO has the right to collect all outstanding premiums, including the premium for the grace period, from the Subscriber. If premiums are delinquent for a Member who receives a Subsidy and at least one month’s premium has been paid in full during the calendar year, coverage shall remain in effect during a ninety (90 day) grace period. If premiums have not been paid in full by the end of the grace period, the HMO shall terminate coverage effective as of the last day of the first month of the grace period. Inpatient Provision When this Agreement is terminated, except for termination for incorrect information or material misrepresentation, and a Member is receiving inpatient services billed by a hospital or skilled nursing facility on the date of termination, benefits will continue to be provided only up to the date of discharge or up to the expiration of eligible benefit days, whichever occurs first. This provision does not apply to services rendered by a second facility provider if the Member is transferred from one facility provider to another if the first facility provider is able to treat the Member’s condition at the appropriate level. Totally Disabled If a Member is Totally Disabled at the date of termination of coverage, the Benefits of this Agreement shall be furnished for Benefits directly related to the condition causing such Total Disability and for no other condition, illness, disease or injury. Benefits under this provision for Total Disability shall be provided:
Payment of Premium. The Backstop Commitment Premium shall be fully earned by the Backstop Parties upon execution of this Agreement, and non-avoidable upon entry of the Backstop Order and shall be paid by the Company Parties, free and clear of any withholding or deduction for any applicable Taxes, on the Effective Date as set forth above. For the avoidance of doubt, to the extent payable in accordance with the terms of this Agreement, the Backstop Commitment Premium will be payable regardless of the amount of Unsubscribed Shares (if any) actually purchased; provided that, notwithstanding anything to the contrary herein, the Backstop Commitment Premium shall not be payable to any of the Backstop Parties (including, for avoidance, a Backstop Party who is not a Defaulting Backstop Party) in the event of any Backstop Party Default unless all of the Available Shares are purchased and actually funded by one or more Replacement Backstop Parties in accordance with Section 2.3. The Company Parties shall satisfy their obligation to pay the Backstop Commitment Premium on the Effective Date by issuing the number of additional shares of New Common Equity (in each case rounded among the Backstop Parties solely to avoid fractional shares of New Common Equity as the Required Backstop Parties may determine in their sole discretion) to each Backstop Party (or its designee pursuant to Section 2.7) equal to such Backstop Party’s Backstop Commitment Premium Share Amount; provided that the Backstop Commitment Termination Premium shall be payable in Cash upon the occurrence of a Backstop Termination Premium Payment Event (to the extent provided in and in accordance with Section 10.6). For the avoidance of doubt, (i) in no event shall both the Backstop Commitment Premium and the Backstop Commitment Termination Premium be payable by the Debtors and (ii) except to the extent that it is a Defaulting Backstop Party, Azurite shall be entitled to receive five percent (5%) of any Backstop Commitment Premium or any Backstop Commitment Termination Premium paid hereunder; provided that, notwithstanding anything to the contrary herein, no Backstop Commitment Premium or Backstop Commitment Termination Premium shall be payable to Azurite (including, for the avoidance of doubt, if Azurite is not a Defaulting Backstop Party) in the event of any Backstop Party Default unless all of the Available Shares are purchased and actually funded by one or more Replacement Backstop Parties in accordance with Section 2.3.
Payment of Premium. For the 2019-2020 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 2019-2020 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.
