Premium Accounts Sample Clauses

Premium Accounts. Plan Sponsor will establish, or cause to be established, a premium account at a bank designated by the TPA. Plan Sponsor, and not the TPA, will be the owner of such account. Plan Sponsor authorizes the TPA to endorse COBRA premium payments received by stamping the same with “FOR DEPOSIT ONLY” and the applicable premium account number and to deposit the payments into the premium account.
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Premium Accounts. 2.1 Subject to the terms and conditions stated in this Agreement, the Customer may from time to time offer to make Premium Accounts with Citibank. 2.2 Citibank may accept an offer from the Customer of a Premium Account by written confirmation on a Premium Account Order provided that nothing in this Agreement shall oblige Citibank to offer or to accept Premium Accounts of the Customer. 2.3 As confirmation of a Premium Account transaction, Citibank will issue a Premium Account Order Confirmation to the Customer. 2.4 In relation to a Premium Account, the Customer will make the Principal available to Citibank prior to the Effective Date of the Premium Account.
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Premium Accounts. The Service Provider shall establish and own premium accounts for the collection of premium and fee payments with respect to the Administered Contracts. Premiums paid with respect to Coinsured Policies and fees paid with respect to ASO Contracts and Network Contracts shall be for the account of the Service Provider.
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Premium Accounts. The Ceding Company shall pay the Reinsurer the (i) the first Annual Reinsurance Premium payment on the date hereof and (ii) each subsequent Annual Reinsurance Premium payment no later than ten (10) days following each anniversary of the Effective Date, in each case by wire transfer of immediately available funds to an account designated by the Reinsurer.
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Premium Accounts. The Conservator and Debtors agree to resolve the current dispute over the insurance premiums and entitlement to fees in the following manner: Simultaneously with the delivery of the executed duplicate original of this agreement by all parties, the executed "Letters Re Reorganization" and the fully-executed Release and Covenant Not to ▇▇▇ described below to ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as the court-designated "Facilitator," SNIS shall wire, or SNIG shall cause SNIS to wire to the Conserved Company account designated below, the sum of TWENTY-FOUR MILLION DOLLARS ($24,000,000), constituting premiums attributable to policies issued by any of the Conserved Companies. The wire instructions for said transfer are as follows: BK OF NYC/CUST ABA # 021 000 018 IOC 565 - INST'L CUSTODY CDT ACCOUNT #: 350791 ACCOUNT NAME: SUPERIOR NATIONAL INSURANCE CO. The Facilitator shall release to the Debtors' counsel, immediately upon verification of receipt of the TWENTY-FOUR MILLION DOLLARS ($24,000,000) by the Conserved Companies the executed duplicate original of this Agreement, the executed "Letters Re Reorganization" and the fully-executed Release and Covenant Not to ▇▇▇. Debtors, directly or through SNIS, will wire transfer to the Conservator, via the wire instructions set forth above within two (2) business days of Bankruptcy Court and Superior Court approval of this Settlement Agreement, THIRTY MILLION FIVE HUNDRED NINETY-FIVE THOUSAND THREE HUNDRED TEN DOLLARS AND NINETY-THREE CENTS ($30,595,310.93) from the Conserved Company alleged premiums in possession of the Debtors as of this date and the Debtor shall keep free and clear of any claims of the Conserved Companies the sum of TEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($10,500,000.00) as further consideration for the agreement of debtors to the Settlement Agreement, including releases, property transfers and assignments and a release of the claims against the Conserved Companies relating to the premium dispute with the Conserved Companies. The parties, except for the terms of this Agreement, including the releases and indemnities and provisions providing for the payment and transfer of premium provided for in this Agreement, have resolved all disputes between them relating to the premiums due allegedly to the Conserved Companies, and the premiums due or relating to the Front Companies. The Conserved Companies shall indemnify and hold harmless Debtors with respect to any claims by the Front Companies relating to the actual po...
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Premium Accounts. An Employee electing Premium Accounts may, at the Trustees’ option, 14.3.1 select from among the plans provided by Insurers or Health Service Providers having a contract with the Trustees, in which event the Plan will make premium payments monthly from the Employee’s account(s), or 14.3.2 direct the Plan to make monthly premium payments pursuant to an individual policy held by the Employee with an Insurer or Health Service Provider.
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Premium Accounts 
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Related to Premium Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Collection Accounts (a) On behalf of the Trustee, each Servicer shall establish and maintain, or cause to be established and maintained, one or more separate Eligible Accounts (each such account or accounts, a "Collection Account"), held in trust for the benefit of the Trustee. On behalf of the Trustee, each Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after such Servicer's receipt thereof, and shall thereafter deposit in the related Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the related Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Condemnation Proceeds to the extent such Insurance Proceeds and Condemnation Proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the related Mortgagor in accordance with the express requirements of law or in accordance with Accepted Servicing Practices and Liquidation Proceeds; (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the related Collection Account; (v) any amounts required to be deposited by such Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with this Agreement; and (vii) all Prepayment Charges collected or paid (pursuant to Section 3.07(a)) by such Servicer. The foregoing requirements for deposit in the Collection Accounts shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, NSF fees, reconveyance fees, assumption fees and other similar fees and charges need not be deposited by each Servicer in the related Collection Account and shall, upon collection, belong to the applicable Servicer as additional compensation for its servicing activities. In the event a Servicer shall deposit in the related Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from its Collection Account, any provision herein to the contrary notwithstanding. (b) Funds in the Collection Accounts may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. Each Servicer shall give notice to the Trustee of the location of the related Collection Account maintained by it when established and prior to any change thereof in accordance with Section 3.07(f).

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, ▇▇▇▇ IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.