Premium Deposit Sample Clauses

Premium Deposit. Daily total Premium Deposit balance from the first Premium Deposit transaction until the corresponding Designated Date (“Transaction Period”) divided by the number of calendar days of the Transaction Period. • By way of example (for illustration only): Client completes the first Premium Deposit transaction with an amount of HKD2,000,000 and tenure of 28 days upon signing up for Priority Banking on 16 January 2019 and without any other Premium Deposit transactions made during Transaction Period. Corresponding balance to be calculated under the Reward will be HKD533,333.33 (=(HKD2,000,000 x 28 days + HKD0 x 77 days) ÷ 105 calendar days (counted from the first Premium Deposit transaction date of 16 January 2019 until Designated Date of 30 April 2019)). • Please note that the above example is for illustration of the entitlement under the Reward only and does not reflect the actual costs incurred from the Premium Deposit transaction and must not be relied on as a reference for calculation of return for any Premium Deposit transaction or an indication of the actual return from the Premium Deposit transaction. In case of any disputes, the Bank’s decision shall be final and binding.
Sample 1
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Premium Deposit. You agree to pay us the Deposit Premium at the inception of this policy. The Deposit Premium is shown in the Special Provisions section of the Declarations. This deposit will be held by us until expiration or cancellation of the policy. It will be applied against any unpaid premium. Any remaining premium will be refunded to you. You will provide us with periodic reports. Such reports are due within 15 days from the end of the reporting period. The reporting period is shown in the Special Provisions section of the Declarations. The report must include the following:
Sample 1
Premium Deposit. HPS shall direct each Covered Group to remit each Premium payment to an account (the "HPS Account") at an institution chosen by HPS (such institution hereinafter referred to as the "HPS Bank"). HPS shall instruct the HPS Bank to remit such amount immediately to an account identified and maintained by UBL at the HPS Bank (such UBL account referred to as the "Deposit Account"). Notwithstanding the foregoing, if there is a breach of this Agreement by UBL as to which HPS has provided written notice to UBL and which, after thirty (30) calendar days from such notice has not been cured by UBL, and which breach has resulted in additional funds being owed to HPS or in HPS giving UBL notice of termination pursuant to Section 12.B hereof, then HPS may offset the amount transferred to UBL by the amount that UBL owes to HPS. UBL shall be responsible for establishing and maintaining the Deposit Account. UBL shall be responsible for all fees associated with the Deposit Account. UBL shall promptly notify HPS of any Premium amounts that UBL receives other than through the HPS Account. UBL shall forward to HPS all initial premium checks and other Premium amounts that are received by UBL or any other third party on or after August 25, 1999, regardless of the Coverage Period for which such Premium was received.
Sample 1
Premium Deposit 
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Related to Premium Deposit

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows: (a) the sum of: (i) 5% of the Contract Price by cheque or Bank Guarantee; or (ii) 10% of the Contract Price by Bond on the date of this contract (First Instalment); and (b) the balance of 10% of the Contract Price (if it has not already been paid) by unendorsed bank cheque on the Date for Completion (Second Instalment)

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated. 1. PPO medical coverage 2. Prescription drug coverage

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

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