TIME AND MANNER OF PREMIUM PAYMENT Sample Clauses

TIME AND MANNER OF PREMIUM PAYMENT. (e) For the period beginning February 1, 2004 and ending August 31, 2004, CONTRACTOR will be entitled to a payment in accordance with this subsection (e). CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures, (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. The Management Services Contractor will pay CONTRACTOR by the first business day following the 14th day of each month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR’s account. For the period beginning February 1, 2004 and ending August 31. 2004, the premium rates are: CSA # Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 CSA #2 $ 328.47 $ 68.21 $ 45.26 $ 88.35 CSA #6 $ 333.84 $ 69.30 $ 46.00 $ 90.52 CONTRACTOR does not bxxx HHSC, the Administrative Services, Contractor, other state agencies, or institutions for the monthly premium payment.”
AutoNDA by SimpleDocs
TIME AND MANNER OF PREMIUM PAYMENT. CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. The Management Services Contractor will pay CONTRACTOR by the first business day following the 14th day of each month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR's account. For the first year of the Initial Term, these premium rates are: -------------------------------------------------------------------------------------------- CSA # Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 -------------------------------------------------------------------------------------------- CSA #2 $424.00 $86.30 $56.51 $112.44 -------------------------------------------------------------------------------------------- CSA #6 $484.57 $98.63 $64.63 $129.58 -------------------------------------------------------------------------------------------- CONTRACTOR does not bill XXXC, the Administrative Services Contractor, other state agencies, or institutions for the monthly premium payment.
TIME AND MANNER OF PREMIUM PAYMENT. (c) For the period beginning October 1, 2002 and ending August 31, 2003 CONTRACTOR will be entitled to a payment in accordance with this subsection (c). CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. The Management Services Contractor will pay CONTRACTOR by the first business day following the 14th day of each month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR’s account. For the period beginning October 1, 2002 and ending August 31, 2003, the premium rates are: CSA # Under Age 1 Ages 1-5 Ages 6-14 6 CONTRACTOR does not bxxx HHSC, the Administrative Services Contractor, other state agencies, or institutions for the monthly premium payment.
TIME AND MANNER OF PREMIUM PAYMENT. For the first year of the Initial Term, CONTRACTOR will be receiving supplemental reimbursement at the attachment level of $100,000. CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR's account. For the first year of the Initial Term, these premium rates are: CSA # Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 ----- ----------- -------- --------- ---------- CSA 1 $372.47 $75.88 $49.60 $ 98.20 CSA 4 $393.63 $80.30 $52.48 $103.92 CSA 7 $358.86 $73.41 $47.78 $ 94.14 CSA 11 $358.52 $73.04 $47.74 $ 94.04 CONTRACTOR does not bill HHSC, the Administrative Services Contractor, other state agencxxx, or institutions for the monthly premium payment. Claim costs incurred for any child with dates of service between May 1, 2000, and April 30, 2001 that exceed the selected supplemental reimbursement attachment level will be reimbursed to CONTRACTOR by HHSC. These claim costs must represent actual expenses incurred by CONTRACTOR for CHIP covered services. The supplemental reimbursement applies to all Members during the first year of the Initial Term. After the first year of the Initial Term, HHSC will review the supplemental reimbursement methodology and the attachment levels and determine whether it should continue after the first year and, if so, in the same manner. HHSC has final authority to decide whether the supplemental methodology will continue and, if so, in what manner. HHSC may audit all claims for an individual whose costs have exceeded the supplemental reimbursement attachment level.
TIME AND MANNER OF PREMIUM PAYMENT. (b) For the second year of the Initial Term, CONTRACTOR will be entitled to a payment in accordance with this subsection (b). CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. The Management Services Contractor will pay CONTRACTOR by the first business day following the 14th day of each month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR's account. For the second year of the Initial Term, these premium rates are: ------------------------------------------------------------ CSA # 2 Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 ------------------------------------------------------------ $ 436.72 $ 88.89 $ 58.21 $ 115.81 ------------------------------------------------------------ ------------------------------------------------------------ CSA # 6 Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 ------------------------------------------------------------ $ 484.57 $ 98.63 $ 64.63 $ 129.58 ------------------------------------------------------------ CONTRACTOR does not bill HHSC, the Administrative Services Contractor, other state agencxxx, or institutions for the monthly premium payment.
TIME AND MANNER OF PREMIUM PAYMENT. (f) For the period beginning September 1, 2005, and ending August 31, 2006, CONTRACTOR will be entitled to a payment in accordance with this subsection (f). CONTRACTOR will be paid based on per member/per month premiums and new and current enrollment figures (including disenrollment adjustments to previous monthly enrollment totals). The Administrative Services Contractor will convey premiums payable information to CONTRACTOR for data reconciliation and to the Management Services Contractor. CONTRACTOR must reconcile the data and report any errors to the Management Services Contractor by the cut-off date of the next month. The Management Services Contractor will pay CONTRACTOR by the first business day following the 14th day of each month. CONTRACTOR must accept payment for premiums by direct deposit into CONTRACTOR'S account. For the period beginning September 1, 2005, and ending August 31, 2006, the premium rates are: CSA# Under Age 1 Ages 1-5 Ages 6-14 Ages 15-18 ---- ----------- -------- --------- ---------- CSA2 $378.14 $78.52 $52.11 $101.71 CSA6 $308.48 $64.04 $42.51 $ 83.64 CONTRACTOR does not bill HHSC, the Administrative Services Contractor, xxxer state agencies, or institutions for the monthly premium payment."

Related to TIME AND MANNER OF PREMIUM PAYMENT

  • Payment of Premium Increases (a) As used herein, the term "

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • 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.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Waiver of Prepayment Charges Except as provided below, the Servicer or any designee of the Servicer shall not waive any Prepayment Charge with respect to any Mortgage Loan. If the Servicer or its designee fails to collect a Prepayment Charge at the time of the related prepayment of any Mortgage Loan subject to such Prepayment Charge or waives a Prepayment Charge other than a waiver pursuant to clause (i), (ii) or (iii) below of this Section 3.15, the Servicer shall pay to the Trust Fund at such time (by deposit to the Custodial Account) an amount equal to the amount of the Prepayment Charge not collected, provided, however, the Servicer shall not have any obligation to pay the amount of any uncollected Prepayment Charge under this Section 3.15 if the failure to collect such amount is the result of inaccurate or incomplete information in the Prepayment Charge Schedule provided by LBH and which is included as part of the Mortgage Loan Schedule attached hereto as Exhibit A. The Prepayment Charges listed on the Prepayment Charge Schedule attached hereto as Exhibit A are a complete, true and accurate and may be relied on by the Servicer in its calculation of Prepayment Charges. If the Prepayment Charge data set forth on Exhibit A is incorrect, then the Servicer shall have no liability for any loss resulting from calculation of Prepayment Charges using the data provided. Notwithstanding the above, the Servicer or its designee may waive (and shall waive, in the case of (ii) and (iii) below) a Prepayment Charge without paying to the Trust Fund the amount of such Prepayment Charge only if the related prepayment is not the result of a refinancing by the Servicer or its designee and such waiver (i) relates to a defaulted Mortgage Loan or a reasonably foreseeable default, such waiver is standard and customary in servicing similar mortgage loans to the Mortgage Loans, and such waiver, in the reasonable judgment of the Servicer, would maximize recovery of total proceeds from the Mortgage Loan, taking into account the amount of such Prepayment Charge and the related Mortgage Loan, (ii) relates to a prepayment charge the collection of which, in the reasonable judgment of the Servicer, would be a violation of applicable laws or (iii) notwithstanding any state or federal law to the contrary, any Prepayment Charge in any instance when a Mortgage Loan is in foreclosure.

  • Premium Payments a. Each annual premium on the Policy shall be paid when due as follows:

  • Premium Recapture With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first 90 days following the related Closing Date, and with respect to any Mortgage Loan that is repurchased pursuant to Subsection 9.04, the Seller shall pay the Purchaser, within 30 calendar days after giving notice of such prepayment in full or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

Time is Money Join Law Insider Premium to draft better contracts faster.