UNPAID PREMIUM Sample Clauses

UNPAID PREMIUM. When a claim is paid, any premium due and unpaid may be deducted from the claim payment.
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UNPAID PREMIUM. Any due and unpaid premium for this Policy may be deducted from its benefits then payable.
UNPAID PREMIUM. If any Premium is not received on the Premium Payment Date, the Seller may elect: (i) to accept a late payment of such Premium; (ii) to give written notice of such non-payment and, if such payment shall not be received within two (2) Local Business Days of such notice, treat the related Currency Option Transaction as void; or (iii) to give written notice of such non-payment and, if such payment shall not be received within two (2) Local Business Days of such notice, treat such non-payment as an Event of Default under Section 5(a)(i). If the Seller elects to act under either clause (i) or (ii) of the preceding sentence, the Buyer shall pay all out-of-pocket costs and actual damages incurred in connection with such unpaid or late Premium or void Currency Option Transaction, including, without limitation, interest on such Premium in the same currency as such Premium at the then prevailing market rate and any other costs or expenses incurred by the Seller in covering its obligations (including, without limitation, a delta hedge) with respect to such Currency Option Transaction."
UNPAID PREMIUM. On payment of a claim under this Policy, any Premium then due and unpaid or covered by any note or written order may be deducted therefrom. Any provision of this Policy which, on its Effective Date, is in conflict with the laws of the state in which You reside on that date, is changed to conform to the minimum requirements of that state. SAMPLE You are a member of the Trustmark Mutual Holding Company which holds its annual meeting for the election of director and the transaction of other business for Trustmark Mutual Holding Company each year at its home office, 000 Xxxxx Xxxxx, Xxxx Xxxxxx, XX 00000-0000. This meeting is at 2:30 p.m. on the first Thursday in March. Each member is entitled to vote at such elections and to participate in such meeting. This Amendment makes the following change to the Policy: The Time Limit on Certain Defenses provision under the General Provisions section is deleted in its entirety and replaced with the following: After coverage has been in force during a person’s lifetime for 2 years from the Effective Date of coverage, only fraudulent misstatements in the application for this Policy may be used to void it or to deny any claim that is first diagnosed after the 2 year period. This does not affect Our ability to void the Policy or deny any claim during the first 2 years due to misstatement. Any increase in coverage, addition to coverage, or reinstatement of coverage, as requested by application from You, shall begin a new two-year contestable period for the amount of the increase, for the additional coverage, or for the reinstated coverage from the effective date of such increase, addition or reinstatement of coverage. SAMPLE When We contest the validity of the coverage of this Policy, or any portion thereof, based on information given in the application for such coverage, We shall do so by a letter to You. This contest is effective on the date We mail the letter including the refund of any applicable Premium to You. Xxxx Xxxxxxxx President SAMPLE TO PRESENT INQUIRES OR OBTAIN INFORMATION ABOUT YOUR COVERAGE, OR FOR ASSISTANCE IN RESOLVING A COMPLAINT, CALL US AT THE TELEPHONE NUMBER STATED ABOVE. This Amendment makes the following change to the Policy: The Termination of Coverage provision under the ELIGIBILITY, EFFECTIVE DATE, RENEWAL, AND TERMINATION section is deleted in its entirety and replaced with the following: • The date of First Diagnosis made after the Waiting Period, except when a Partial Benefit Amount is paid, ...
UNPAID PREMIUM a. I will be financially liable for any unpaid premium that the defendant does not or is unable to pay. Further, my payment obligation for unpaid premium is valid even if I do not directly sign the unpaid premium agreement form. I understand that this document herein will equally act as such, should the present (Clause C) be violated by late or nonpayment. I am also aware, that any unpaid balance (unpaid premium agreement) associated with this bail bond is owed in its entirely to the Company even if the Defendant noted within this document is sentenced by a judge, incarcerated, released from criminal/motor vehicle liability, passed away, is placed on probation, parole is revoked, and/or moves out of state. Any unpaid balance related to this surety bail bonds is valid regardless of any of the above scenarios and only by full payment fulfillment is such liability ended. I am also aware that any unpaid balance must be paid full no later than 15 months from the date of bond execution and that if there is a consecutive gap of 60 days of non payment, the Company will initiate civil action against me for breach of contract and failure to comply with the unpaid premium agreement herein.
UNPAID PREMIUM a. I am fully liable for any unpaid premium related to my surety bond and I am equally responsible for unpaid premium even if I do not directly sign the unpaid premium agreement form before or post bond execution. I understand that this document herein will equally act as such, should the present (Clause C) be violated by late or nonpayment; balance is due even if I’m convicted or court obligation ends.
UNPAID PREMIUM. Any unpaid Premium may be sent to collections for recovery. We may retroactively terminate and refund a maximum of one month’s Premium when You provide proof of overlapping coverage. If You had Claims during that month, We will not provide a Premium refund. You will be responsible for any Claims filed after the retroactive termination. Upon the payment of a claim under this Certificate, any premium then due and unpaid or covered by any note or written order may be deducted therefrom You are allowed to continue treatment with a Provider whose contract has been terminated by Us for reasons other than for cause, or a Provider who has terminated his/her contract with Us, for a transitional period of up to 90 days from the date of Provider termination when the continuation of care is Medically Necessary and me e t s ce r t a i n co ndi t i ons , as out x x xxx i n Our Geor gi a Co n t i n u i t y o f Ca r e p o l i c y . You will not be liable to the Provider for any amounts owed for medical care other than Deductibles, Coinsurance, or Copayment amounts specified in this Certificate. If health insurance terminates: • It may be continued as described in the "State continuation of health insurance" provision; • It may be continued as described in the "Continuation of coverage for dependents" provision, if applicable; or • It may be continued under the continuation provisions as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA), if applicable. A complete description of the "State continuation of health insurance" and "Continuation of coverage for dependents" provisions follows.
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Related to UNPAID PREMIUM

  • Weekend Premium An employee shall be paid a weekend premium of one dollar and forty-five cents ($1.45) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other 48 hour period that the Hospital may establish. If an employee is in receipt of premium payment pursuant to a local scheduling regulation with respect to consecutive weekends worked, he will not receive weekend premium under this provision. Effective June 28, 2005, the weekend premium shall be increased to $1.55 per hour.

  • Shift Premium Full-Time and Part-Time Employees shall be paid a shift premium of one dollar ($1.00) per hour for all hours worked where the majority of their scheduled hours fall between 1500 and 0700 hours.

  • Reimbursement Premium (a) If the Company writes Covered Policies before June 1 of the Contract Year, the Company shall pay the FHCF its Reimbursement Premium in installments due on or before August 1, October 1, and December 1 of the Contract Year in amounts to be determined by the FHCF. However, if the Company’s Reimbursement Premium for the prior Contract Year was less than $5,000, the Company’s full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year. the Company will be invoiced for amounts due, if any, beyond the provisional Reimbursement Premium payment, on or before December 1 of the Contract Year. (b) If the Company is under administrative supervision, or if any control or oversight of the Company has been transferred through any legal or regulatory action to a state regulator or court appointed receiver or rehabilitator (referred to in the aggregate as “state action”): 1. The full annual provisional Reimbursement Premium as billed and any outstanding balances will be due and payable on August 1, or the date that such State action occurs after August 1 of the Contract Year. 2. Failure by such Company to pay the full annual provisional Reimbursement Premium as specified in subparagraph 1. by the applicable due date shall result in the 45% Coverage Level being deemed for the complete Contract Year regardless of the level selected for the Company through the execution of this Contract and regardless of whether a Covered Event occurred or triggered coverage. 3. Subparagraphs 1. and 2. do not apply if the state regulator, receiver, or rehabilitator provides a letter of assurance to the FHCF stating that the Company will have the resources and will pay the full Reimbursement Premium for the Coverage Level selected through the execution of this Contract. 4. When control or oversight has been transferred, in whole or in part, through a legal or regulatory action, the controlling management of the Company shall specify by August 1 or as soon thereafter as possible (but not to exceed two weeks after any regulatory or legal action) in a letter to the FHCF as to the Company’s intentions to either pay the full FHCF Reimbursement Premium as specified in subparagraph 1., to default to the 45% Coverage Level being deemed as specified in subparagraph 2., or to provide the assurances as specified in subparagraph 3. (c) A New Participant that first begins writing Covered Policies on or after June 1 but prior to December 1 of the Contract Year shall pay the FHCF a provisional Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. The Administrator shall calculate the Company's actual Reimbursement Premium for the period based on its actual exposure as of November 30 of the Contract Year, as reported on or before February 1 of the Contract Year. To recognize that New Participants have limited exposure during this period, the actual Reimbursement Premium as determined by processing the Company's exposure data shall then be divided in half, the provisional Reimbursement Premium shall be credited, and the resulting amount shall be the total Reimbursement Premium due for the Company for the remainder of the Contract Year. However, if that amount is less than $1,000, then the Company shall pay $1,000. The Reimbursement Premium payment is due no later than April 1 of the Contract Year. The Company’s Retention and coverage will be determined based on the total Reimbursement Premium due as calculated above. (d) A New Participant that first begins writing Covered Policies on or after December 1 through and including May 31 of the Contract Year shall pay the FHCF a Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. (e) The requirement that the Reimbursement Premium is due on a certain date means that the Reimbursement Premium shall be remitted by wire transfer or ACH and shall have been credited to the FHCF’s account, as set out on the invoice sent to the Company, on the due date applicable to the particular installment. (f) Except as required by Section 215.555(7)(c), Florida Statutes, or as described in the following sentence, Reimbursement Premiums, together with earnings thereon, received in a given Contract Year will be used only to pay for Losses attributable to Covered Events occurring in that Contract Year or for Losses attributable to Covered Events in subsequent Contract Years and will not be used to pay for past Losses or for debt service on post-event revenue bonds issued pursuant to Section 215.555(6)(a)1., Florida Statutes. Reimbursement Premiums and earnings thereon may be used for payments relating to such revenue bonds in the event emergency assessments are insufficient. If Reimbursement Premiums or earnings thereon are used for debt service on post- event revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when emergency assessments or other legally available funds remain available after making payment relating to the post-event revenue bonds and any other purposes for which emergency assessments were levied.

  • Overtime Premium a) Time and one-half (1/2) shall be paid as follows: 1) For all hours worked over 8 (eight) hours per day. 2) For all hours worked over 40 (forty) hours per week. 3) For all hours worked on Sunday, unless part of the employees regularly scheduled workweek. b) Double time plus holiday pay shall be paid for all hours worked on holidays that are defined in this Agreement.

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Premium Once your contract of insurance has been concluded, we will send you an invoice (also referred to as a debit note). You must pay the premium due in accordance with the amounts and payment dates specified in the invoice. Failure to meet the payment date may lead insurers to cancel your policy. No payment shall be deemed to have been received until we have received cleared funds. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in automatic termination of your insurance contract.

  • Sunday Premium Any employee who is required to work at any time on a Sunday shall be paid a Sunday premium in addition to their regular hourly rate of pay in the amount of seventy-five (75¢) cents per hour, for each such hour and portion of an hour worked. Sunday premium pay shall not be added to an employee's hourly rate of pay for the purpose of computing overtime. The provisions of this Article shall not apply to the “in charge” employees referred to in sub-articles 23.03 and 23.04 of this Agreement.

  • Shift and Weekend Premium (a) An employee shall be paid a shift premium of eighty-five cents (85¢) per hour for each hour worked between the hours of 1500-0700 hours. (b) Effective July 1, 2013, an employee shall be paid a weekend premium of one dollar ($1.00) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

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