Reinstatement Premium Sample Clauses

Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage C indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers an Additional Premium calculated by applying to the annual Minimum Premium to Reinsurers for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under Coverage C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the Reinsurers. Notwithstanding the above, the first 90% of $10,000,000 indemnity Limit shall be reinstated by the Reinsurers free of charge. Nevertheless, the Reinsurers' liability in any one claim shall never exceed 90% of $10,000,000 Ultimate Net Loss plus pro rata Loss Adjustment Expenses in respect of Coverage C.
Sample 1See All (6)
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Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second COVERAGE C indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the COMPANY shall pay to the REINSURERS an Additional Premium calculated by applying to the annual Minimum Premium to REINSURERS for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded under COVERAGE C, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the REINSURERS. Notwithstanding the above, the first 90% of $10,000,000 indemnity LIMIT shall be reinstated by the COMPANY free of charge. Nevertheless, the REINSURERS liability in any one claim shall never exceed 90% of $10,000,000 ULTIMATE NET LOSS plus pro rata LOSS ADJUSTMENT EXPENSES in respect of COVERAGE C.
Sample 1
Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second Coverage E indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the Company shall pay to the Reinsurers an Additional Premium calculated by applying the aggregate Gross Written Premium to the Reinsurers for Coverage E for the respective contract year to the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage afforded 35 under Coverage E, to be paid simultaneously with the payment of loss by the Reinsurers. Notwithstanding the above, the first 100% of $14,500,000 indemnity limit shall be reinstated by the Reinsurers free of charge.
Sample 1
Reinstatement Premium. Reinstatement premium, if any, collected with respect to any Reinsured Contract shall be apportioned between the parties as set forth on Schedule 1.3.
Sample 1
Reinstatement Premium. As respects each contract year, and in the event of the whole or any portion of the second COVERAGE B indemnity limit being exhausted by loss, the amount so exhausted shall be automatically reinstated from the time of the loss and the COMPANY shall pay to the REINSURERS an Additional Premium calculated by applying to the annual Minimum Premium to REINSURERS for the respective contract year, the percentage that the amount of indemnity so reinstated bears to the total amount of indemnity coverage of indemnity so reinstated bears to the total amount of indemnity coverage afforded under COVERAGE B, subject to a minimum of 100% as to time, to be paid simultaneously with the payment of loss by the REINSURERS. Notwithstanding the above, the first 90% of $10,000,000 indemnity LIMIT shall be reinstated by the REINSURERS free of charge.
Sample 1

Related to Reinstatement Premium

  • Reinstatement, etc The Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Lender Party, upon the insolvency, bankruptcy or reorganization of the Borrowers, any other Loan Party or otherwise, all as though such payment had not been made.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • Reinstatements If a policy reinsured on an automatic basis is reinstated in accordance with its terms or the rules of the Company, as provided to the Reinsurer, the Reinsured Policy will be reinstated automatically by the Reinsurer. The Reinsurer's approval is required only for the reinstatement of a facultative policy when the Company's regular reinstatement rules indicate that more evidence than a Statement of Good Health is required. The Company's liability with respect to the premiums in arrears is set out in Exhibit F.

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Reinstatement If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company's obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent.

  • Termination; Reinstatement This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and the Commitments and the Facilities with respect to the Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or any Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under the preceding sentence shall survive termination of this Guaranty.

  • Reinstatement; Stay of Acceleration If at any time any payment of any portion of the Guaranteed Obligations (including a payment effected through exercise of a right of setoff) is rescinded, or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise (including pursuant to any settlement entered into by a Secured Party in its discretion), each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, the Issuing Bank and the Lenders are in possession of this Loan Guaranty. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the Loan Guarantors forthwith on demand by the Administrative Agent.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of Default Interest Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.

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