Common use of REQUIRED UNSCHEDULED ADDITIONAL PREMIUM Clause in Contracts

REQUIRED UNSCHEDULED ADDITIONAL PREMIUM. If a withdrawal has been made, the Company may require an unscheduled additional premium to be paid. The due date of the required unscheduled additional premium is the policy anniversary following written notice by the Company. The net unscheduled additional premium will be used to increase Policy Value. The amount of required unscheduled additional premium due on a policy anniversary will be the lesser of (a) and (b) where:

Appears in 7 contracts

Samples: Agreement (Aerosonic Corp /De/), Agreement (Aerosonic Corp /De/), Agreement (Aerosonic Corp /De/)

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