Responsibility for Premiums. Lessee shall keep in force the foregoing insurance coverages at its expense; provided, however, that Lessor shall reimburse Lessee for any other casualty coverages required by Lessor not specifically required in (i) - (viii) of subsection (a) above. If requested by any Lender of the Lessor relating to the Leased Property, the Lessee shall provide any funds for the escrow of any insurance premiums, and the Lessee shall receive any income on such escrowed funds and shall receive any funds released from such account.
Responsibility for Premiums. 5.1 The Broker shall hold monies received from their client on behalf of TUL in a statutory or non-statutory trust in accordance with, as a minimum standard, the requirements of the FCA Rules.
Responsibility for Premiums. Lessee shall keep in force the foregoing insurance coverage at its expense.
Responsibility for Premiums. All premiums shall be reflected in the approved Annual Plan and paid out of Gross Revenue pursuant to Section 7.01.
Responsibility for Premiums iprism and its introducing Agents have been appointed as agents of the Insurers for the purposes of receiving premiums from customers and for the purpose of receiving and holding premium refunds prior to the transmission to the client in question. In respect of this appointment, iprism has been given consent from all its Insurers to extend Risk Transfer to Agents, (and approved intermediaries of the Agent), of iprism and this will be in place once the customer has paid the premium to the Agent or their intermediary. Insurers have agreed that the Agent, (and any of their appointed intermediaries, approved by iprism) must either:
Responsibility for Premiums. Lessee shall keep in force the foregoing insurance coverages at its expense; provided, however, that Lessor shall reimburse Lessee for any premium or premiums paid by Lessee for the coverages required under Sections 13.1(a)(i), except to the extent that the premium or premiums relate to coverages for property owned by the Lessee, and 13.1(a)(ii), as well as any other casualty coverages required by Lessor.
Responsibility for Premiums. All premiums on policies of insurance which Lessee is obligated to obtain shall be paid by Lessee. The originals of such policies shall be delivered to Lessor except when such originals are required to be held by any mortgagee, in which case certificates of insurance shall be delivered to Lessor. Policies or certificates with respect to renewal policies shall be delivered to Lessor by Lessee not less than thirty (30) days prior to the expiration of the original policies, or succeeding renewals, as the case may be, together with receipts or other evidence that the premiums thereon have been paid for at least one year. Premiums on polices shall not be financed in any manner whereby the lender, on default or otherwise, shall have the right or privilege of surrendering or canceling the policies; provided, however, that Lessee may pay premiums in annual installments so long as such method of payment does not constitute a default under any mortgage.
Responsibility for Premiums. 13.7.1 You undertake not to issue any insurance policy, receipt, confirmation of renewal or endorsement to a policyholder unless the relevant Premium has been paid, otherwise You will remain liable for payment of the Net Premium to Us. All renewal invitations, endorsements and other documents for which You have not received a Premium must be returned to Us immediately, otherwise You will be responsible for the payment of Net Premium, for the time on risk charge (as applicable) to Us.
Responsibility for Premiums. 10.1 The Intermediary is authorised to, and shall, collect premiums and IPT from Customers on behalf of Xxxxx from the inception date of the insurance policy or when the policy is concluded, if earlier. The Intermediary shall be responsible to Xxxxx for payment of net premiums and IPT
Responsibility for Premiums. Under Our Delegated Authority We are agents of the Insurers for the purposes of receiving premiums from customers and agents and receive premium risk transfer so that once premiums are paid to us they are deemed to have been paid to the Insurers. We are also agents of the Insurers for the purpose of receiving and holding premium refunds prior to the transmission to clients or agents and for the payment of claims.
