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
AutoNDA by SimpleDocs
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. PREMIUM REPORTING 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 
Sample 1Sample 2

Related to Premium Deposit

  • Payment of Premium Increases (a) As used herein, the term "

  • REINSURANCE PREMIUM A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:

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

  • Lease Deposit Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.

  • 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.”

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.