Common use of Xxxxx Period Clause in Contracts

Xxxxx Period. This Contract has a ten-day Grace Period. This provision means that if any required Premium is not paid on or before the date it is due, it must be paid during the Grace Period. The Contract will remain in force during the Grace Period; however, if payment is not received by the last day of the Grace Period, termination of this Contract for nonpayment of the Premium will be retroactive to 12:00 a.m. (midnight) on the last day for which the Premium was received by AvMed, unless Premium payment has otherwise been contractually adjusted and specified by the parties in a fully executed addendum to this Contract. Acceptance of payment received after the Grace Period shall be solely at AvMed’s discretion, and may be subject to late payment fees.

Xxxxx Period. This Contract has a ten-day Grace Period. This provision means that if any required Premium is not paid on or before the date it is due, it must be paid during the Grace Period. The Contract will remain in force during the Grace Period; however, if payment is not received by the last day of the Grace Period, termination of this Contract for nonpayment of the Premium will be retroactive to 12:00 a.m. (midnight) on the last day for which the Premium was received by AvMed, AvMed unless Premium payment has otherwise been contractually adjusted and specified by the parties in a fully executed addendum to this Contract. Acceptance of payment received after the Grace Period shall be solely at AvMed’s discretion, and may be subject to late payment fees.

Xxxxx Period. This Contract has a ten-20 day Grace Period. This provision means that if any required Premium is not paid on or before the date it is due, it must be paid during the Grace Period. The Contract will remain in force during the Grace Period; however, if payment is not received by the last day of the Grace Period, termination of this Contract for nonpayment of the Premium will be retroactive to 12:00 a.m. (midnight) on the last day for which the Premium was received by AvMed, unless Premium payment has otherwise been contractually adjusted and specified by the parties in a fully executed addendum to this Contract. Acceptance of payment received after the Grace Period Period, shall be solely at AvMed’s discretion, and may be subject to late payment fees.

Xxxxx Period. This Contract has a ten20-day Grace Period. This provision means that if any required Premium is not paid on or before the date it is due, it must be paid during the Grace Period. The Contract will remain in force during the Grace Period; however, if payment is not received by the last day of the Grace Period, termination of this Contract for nonpayment of the Premium will be retroactive to 12:00 a.m. (midnight) on the last day for which the Premium was received by AvMed, unless Premium payment has otherwise been contractually adjusted and specified by the parties in a fully executed addendum to this Contract. Acceptance of payment received after the Grace Period shall be solely at AvMed’s discretion, and may be subject to late payment fees.