Premiums for Insurance Sample Clauses

Premiums for Insurance. In addition to the fees set forth in paragraph 1, Xxxxxxxx agrees to pay to the Company for the insurance coverage that amount which shall be billed monthly, and shall be due and payable in the same manner as fees set forth in paragraph 1, st i. e. within thirty (30) days of the first (1 ) day of the month following the date of the invoice. Unpaid fees will accrue interest at the rate of one (1%) percent per month.
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Premiums for Insurance. The Client and the Company acknowledge that (i) the Client may have purchased one or more insurance Policies from the Company, including but not limited to insurance for group life and accidental death and dismemberment, excess loss or stop-loss insurance, long term disability insurance, dental insurance, vision insurance, or other insurance, and that (ii) the Client is required to pay the Company a periodic premium for such Policies. In lieu of making one or more separate premium payments to the Company for such insurance, the Client shall make available in the Transfer Account funds sufficient to honor any and all such premium payments, as the Company demands them. The Client acknowledges that proposed premiums are based on information provided by the Client including but not limited to the number of Members that the Plan will cover. The Company has the right to revise premiums retroactively to the Effective Date or the Anniversary date, as applicable, to reflect actual participation in the Plan. Any difference between payments made under the proposed premiums and the actual premiums will be collected from or credited to the Client on the next scheduled transfer or payment date.
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Related to Premiums for Insurance

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Evidence of Insurance Cover All insurances obtained by the Concessionaire in accordance with this Article 32 shall be maintained with insurers on terms consistent with Good Industry Practice. Within 15 (fifteen) days of obtaining any insurance cover, the Concessionaire shall furnish to the Authority, notarised true copies of the certificate(s) of insurance, copies of insurance policies and premia payment receipts in respect of such insurance, and no such insurance shall be cancelled, modified, or allowed to expire or lapse until the expiration of at least 45 (forty five) days after notice of such proposed cancellation, modification or non-renewal has been delivered by the Concessionaire to the Authority.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

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