Examples of Initial Premium Due Date in a sentence
If the Guarantee Holder fails to pay to MIGA, on or before the Initial Premium Due Date, the full amount of the Total Amount Due for the first Contract Period, MIGA may by notice to the Guarantee Holder terminate this Contract immediately, retroactively to the Effective Date and without any obligation whatsoever, rendering this Contract null and void and, irrespective of whether a Notice of Termination has been delivered, MIGA shall have no liability to pay compensation for any Loss.
Total Amount Due for theFirst Contract Period:[Amount in Guarantee Currency], payable on or before the Initial Premium Due Date.
Initial Premium Due Date: [Insert date no later than the date falling 15calendar days after the Effective Date.] CLAUSE 15.
Standby Option Fee forthe First Contract Period:[Amount in Guarantee Currency], payable on or before the Initial Premium Due Date.
Facility Fee for the FirstContract Period:[Amount in Guarantee Currency], payable on or before the Initial Premium Due Date.
If the Guarantee Holder fails to pay to MIGA, on or before the Initial Premium Due Date, the full amount of the Total Amount Due for the first Contract Period, MIGA may by Notice of Termination terminate this Contract immediately, retroactively to the Effective Date and without any obligation whatsoever, rendering this Contract null and void and, irrespective of whether a Notice of Termination has been delivered, MIGA shall have no liability to pay compensation for any Loss.
If the Guarantee Holder fails to pay the full amount of the Total Amount Due on the Initial Premium Due Date, MIGA may by notice to the Guarantee Holder terminate the Contract immediately, retroactively to the Effective Date and without any obligation whatsoever, and the Contract shall be deemed null and void, and MIGA shall have no liability to pay compensation for any Loss arising during any period between the Effective Date and the Initial Premium Due Date.
CLAUSE 12A.Annual Standby Option Fee Rate:[ ]% [Not applicable.]CLAUSE 12B.Standby Option Fee for the First Contract Period:[Amount in Guarantee Currency], payable on or before the Initial Premium Due Date.
If the Guarantee Holder fails to pay to MIGA, on or before the Initial Premium Due Date, the full amount of the Total Amount Due for the first Contract Period, MIGA may by notice to the Guarantee Holder terminate this Contract immediately, retroactively to the Effective Date and without any obligation whatsoever, rendering this Contract null and void and, irrespective of whether a Notice of Termination has been delivered, MIGA shall have no liability to paycompensation for any Loss.
If the Guarantee Holder fails to pay the full amount of the Total Amount Due on the Initial Premium Due Date, MIGA may by notice to the Guarantee Holder terminate the Contract immediately, retroactively to the Effective Date and without any obligation whatsoever, and the Contract shall be deemed null and void, it being agreed that MIGA shall have no liability to pay compensation for any Loss arising during any period between the Effective Date and the Initial Premium Due Date.