Termination on Failure to Pay Premiums Sample Clauses

Termination on Failure to Pay Premiums. If Premiums, after notice and billing by Delta Dental, are not paid when due, Company shall be granted a grace period of thirty (30) days in which to remit the Premium. During the grace period, the Contract shall remain in-force. Company shall be liable for the Premium due for the grace period. Failure to remit the Premium will cause the Contract to terminate on the day following the end of the specified grace period (termination date). After the termination date, Delta Dental shall only be obligated to pay claims as stated in Paragraphs H and I of Article IV.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Termination on Failure to Pay Premiums

  • Termination on Default The Authority may terminate this Framework Agreement by serving written notice on the Supplier with effect from the date specified in such notice where the Supplier commits a Material Default and if:

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!