Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. or
Unscheduled Payments. Loan Advances made pursuant to Sections 2.3.3, 2.4, 2.5, 2.6, and 2.11 shall be made to the extent possible.
Unscheduled Payments. You can make an unscheduled premium payment at any time while this Policy is in effect. Unscheduled payments are applied first to repay any Policy Debt, unless you direct us otherwise. We reserve the right to limit the number and amount of any unscheduled premium payments.
Unscheduled Payments. The Borrower shall not, and shall not permit any of its Subsidiaries to, make any voluntary or optional principal or unscheduled interest payment on any Indebtedness other than (i) the Obligations or (ii) Indebtedness of the type referred to in clause
Unscheduled Payments. Make any voluntary or optional principal or unscheduled interest payment on any Indebtedness other than the Obligations.
Unscheduled Payments. Unscheduled Payments Unscheduled Payments can be made at any time subject to the following: . The Policy must be in force on a premium paying basis; and . The premiums for the Policy and any riders are not being waived under any Waiver of Premiums Rider attached to the Policy; and . No Unscheduled Payment can be less than $25 except with the consent of the Company; and . If an Unscheduled Payment would increase the Death Benefit by more than it would increase the Cash Value, proof that the Insured is insurable and the Company's consent will be required; and . If the Policy is in other than a Standard Policy Class, the Company's consent will be required. Unscheduled Payments will not be waived by the Company under any Waiver of Premiums rider attached to the Policy. Each net Unscheduled Payment (see Section 1) will be applied to the Policy as of the date it is received by the Company at its Administrative Office. There is no grace period for Unscheduled Payments. If the Policy lapses and you made an Unscheduled Payment during the grace period of the premium in default, the amount of the Unscheduled Payment will be refunded to you.
Unscheduled Payments. The Borrower shall not, and shall not permit any of its Subsidiaries to, make any voluntary or optional principal or unscheduled interest payment on any Indebtedness other than (i) the Obligations, (ii) Indebtedness of the type referred to in clause (b) of the definition of “Permitted Indebtedness”, so long as such payment is otherwise in compliance with Section 8.2(c), or (iii) in connection with a settlement or restructuring of any Existing Indebtedness; provided that (1) such payment of any of the Existing Indebtedness could not reasonably be expected to have a Material Adverse Effect, and (2) the aggregate amount of all such payments shall not exceed US$2,000,000 (unless the amount of such payment is distributed by IMPSAT to the Borrower in the form of a cash capital contribution.
Unscheduled Payments. You can make an unscheduled premium payment at any time while this Policy is in effect. Unscheduled payments are applied first to repay any Policy Debt, unless you direct us otherwise. We reserve the right to limit the number and amount of any unscheduled premium payments. MAXIMUM PREMIUMS. We will limit the total of all premiums paid to date for this Policy to the amounts shown in the table of maximum premiums in the policy data pages. We may reject any premium, or any portion of a premium, that would result in the Policy being disqualified as life insurance under the Internal Revenue Code. We will refund any rejected premium along with any interest it accrued. We reserve the right to change the table of maximum premiums when necessary as a result of changes in coverage or to maintain compliance with the Internal Revenue Code. If we do, we will send you a new table of maximum premiums reflecting the adjusted amounts. WHEN AND WHERE TO PAY PREMIUMS Each premium is payable in advance. Send each premium to our Home Office. Make the check payable to GE Capital Life Assurance Company of New York. ALLOCATION OF NET PREMIUMS You may allocate the Net Premium to one or more Investment Subdivisions of the Separate Account. You may not allocate Net Premium to more than the maximum number of allocations shown in the policy data pages. The minimum percentage of each Net Premium which may be allocated to any particular Investment Subdivision is shown on the policy data pages. Net Premiums will initially be allocated in accordance with the allocations requested by you. You may change the allocation of Net Premiums at any time without charge. To change your allocations send us a notice at our Home Office. The notice must be in writing or in any form acceptable to us. The changed allocation will apply to premiums received after we record the change. CONTINUATION AMOUNT AND CONTINUATION PERIOD On any Monthly Anniversary Day during the Continuation Period, if the Surrender Value of this Policy is not sufficient to cover the monthly deduction, this Policy will remain in effect if the Net Total Premium is at least equal to the Continuation Amount. At the end of the Continuation Period, you may have to pay an additional premium to keep the Policy in effect. (See Insufficient Surrender Value provision.) An increase in Specified Amount will increase the Continuation Amounts. A decrease in Specified Amount will reduce the Continuation Amounts. Any termination and subsequent reins...
Unscheduled Payments. (a) The Issuer may, at its own discretion and upon giving not more than thirty (30) and not less than twenty (20) calendar days' prior notice in writing in accordance with Condition 16 (each an "Unscheduled Payment Notice"), specify a day, which must be a Business Day but not a Payment Date (each an “Unscheduled Payment Date”) on which the Issuer shall make an unscheduled payment in respect of the Bonds (an “Unscheduled Payment”). An Unscheduled Payment may only be made if:
(i) the amount of any such Unscheduled Payment can be paid out of Available Cash;
(ii) the amount of any such Unscheduled Payment (which may be any amount, including any amount that is less than the Distribution Threshold) is determined by the Issuer on the day falling twelve (12) Business Days prior to the applicable Unscheduled Payment Date (for the purpose of this Condition 9.2, such day being the “Determination Date”) and such amount shall be notified to the Bondholders in accordance with condition 9.2(a)(iii) below; and
(iii) the Issuer shall satisfy the requirements of Conditions 9.1(b) and 9.1(c) with respect to such payment, assuming that references therein to each Payment Date, shall be interpreted as meaning references to each Unscheduled Payment Date.
(b) The total principal amount of each Bond shall be reduced by the amount of principal paid on that Bond on each Unscheduled Payment Date.
(c) An Unscheduled Payment Notice, once notified to the Bondholders in accordance with these Conditions, shall be irrevocable.
Unscheduled Payments. Unscheduled Payments Unscheduled Payments can be made subject to the following: . The Policy must be in force on a premium paying basis; and . The premiums for the Policy and any riders are not being waived under any Waiver of Premiums rider attached to the Policy; and . No Unscheduled Payment can be less than $25 except with the consent of the Company; and . No Unscheduled Payment can be made after the premium paying period except with the consent of the Company; and . If an Unscheduled Payment would increase the Death Benefit by more than it would increase the Cash Value, proof that the Insured is insurable and the Company's consent will be required; and . If the Policy is in other than a Standard Policy class, the Company's consent will be required. Unscheduled Payments will not be waived by the Company under any Waiver of Premiums rider attached to the Policy. Each net Unscheduled Payment (see Section 1) will be applied to the Policy as of the date it is received by the Company at its Administrative Office. There is no grace period for Unscheduled Payments. If the Policy lapses and you made an Unscheduled Payment during the grace period of the premium in default, the amount of the Unscheduled Payment will be refunded to you.
