Time Period for Payment Sample Clauses

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan or death benefit within seven days of receiving your Written Notice or Written Request, or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan or death benefit payment from the Subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Owners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of the value of the Variable Account’s net assets not reasonably practicable. For any surrender, partial surrender, loan or transfer from the Fixed Account, we have the right to postpone making a payment to you for up to six months from the date of Written Notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the rate required by the state in which this Contract is delivered.

Time Period for Payment. Upon receipt of a clean claim (into the POS pharmacy claims processing system) properly submitted by the Pharmacy, PBM shall pay the Pharmacy within ten (10) calendar days.

Time Period for Payment. Any partial surrender, cash surrender value or death benefit will usually be paid within seven days of receiving your written request in our Home Office, or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender or death benefit payment from the sub-accounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract owners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the variable account or the determination of the value of the variable account’s net assets not reasonably practicable. For any surrender, partial surrender or transfer from the fixed account, we have the right to postpone making a payment to you for not more than six months from the date of written notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction, or such shorter period required by a particular jurisdiction, interest will be added to the amount paid from the date of receipt of documentation at 3% or such higher rate required for a particular state.

Time Period for Payment. Upon final judgment in any Claim that gives rise to a Loss, the Indemnitee shall notify the Indemnitor and the Indemnitor shall, within twenty (20) days after receipt of such notice, pay to the Indemnitee the full amount of Incurred Losses related to or regarding the Claim, provided, however, that (i) if funds which have been deposited as security for that specific Claim are released, the released funds will be used to pay the Claim; and (ii) if no funds were deposited as security for that specific Claim, or the funds deposited are insufficient, the Indemnitor shall pay the difference to the Indemnitee or to the Person or Persons designated by the Indemnitee.

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan, or death benefit within seven days of receiving your Written Notice or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan, or death benefit payment from the Subaccounts for any period during which: 1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or 2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Owners; or 3) the Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of the value of the Variable Account’s net assets not reasonably practicable. For any surrender, partial surrender, loan, or transfer from the Fixed Account, we have the right to postpone making a payment to you for up to six months from the date of Written Notice, except for any loan made to pay premiums due to the Company. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the rate required by the state in which this contract is delivered. ICC19J209