Common use of Payment of Premium Clause in Contracts

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.

Appears in 8 contracts

Samples: Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc)

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Payment of Premium. The Bank shall may 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.

Appears in 2 contracts

Samples: Split Dollar Life Insurance Agreement (Wilson Bank Holding Co), Split Dollar Life Insurance Agreement (Wilson Bank Holding Co)

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Payment of Premium. The Bank Employer 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.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (ConnectOne Bancorp, Inc.)

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