Premium Payment Schedule definition

Premium Payment Schedule has the meaning set forth in the Servicing Agreement.
Premium Payment Schedule means, with respect to each Pledged Policy, a written schedule of premium payments to be made in respect of such Pledged Policy (including the dates upon which such payments are due to the applicable Issuing Insurance Company), which schedule shall be prepared by Servicer per the directed or agreed upon optimization parameters in accordance with the Servicing Standard in order to pay the applicable Premiums, which may be updated from time to time by Servicer with the consent of the Administrative Agent.
Premium Payment Schedule means the premium payment schedule which the Lender is required to obtain from the Scheme Website setting out the due dates and amounts of each payment of the Scheme Guarantee Premium in respect of a Scheme Facility, as amended, varied, supplemented or replaced from time to time (provided that any such notification shall not have retrospective effect and if such a notification is made part way through an Annual Scheme Period and relates to that Annual Scheme Period then the revised types of Eligible Facilities so notified and which the Lender is permitted to make available shall only have effect on or following the date specified in such notice (which such date cannot precede the date of the notice));

Examples of Premium Payment Schedule in a sentence

  • Each year this Agreement remains in force, the Company shall pay the premiums on the Policy equal to the amounts specified on the Premium Payment Schedule attached hereto as Exhibit A.

  • Servicer shall monitor insurance premium and other notices received by Servicer from the Insurers with respect to the Policies and adjust the Premium Payment Schedule when warranted and such changes shall be reflected in the Premium Due Date Schedule delivered to Position Holder Trust in accordance with paragraph 3(c) of this Schedule.

  • In addition Servicer will, itself or through a subcontractor approved by the Position Holder Trust, continue to optimize premiums on the Policies to the extent possible, and adjust the Premium Payment Schedule accordingly, in accordance with the procedures set forth in the Portfolio Related Information delivered on the Effective Date, and developed thereafter in accordance with this Agreement.

  • Servicer shall notify Position Holder Trust of such potential increases in the respective Premium Payment and adjust the Premium Payment Schedule accordingly.

  • With respect to any universal life Policy for which Servicer has received the annual statement from the respective Insurer, Servicer shall review the cost of insurance and additional policy charges in such annual statement to determine approximate increases that are in addition to the Premium Payments listed in the Premium Payment Schedule (each a “Short-Term Premium Review”).

  • In addition, Servicer shall monitor CSV in each Policy, and Policy Premium Reserves available for each Policy, and include these in the Premium Payment Schedule, so that Position Holder Trust and the Continuing Fractional Holders can continue to utilize CSV and Premium Reserves to satisfy premium requirements on Policies to the extent available.

  • Insurance Premium Payment Schedule Type of PremiumScheduled PaymentMedicaid Purchase Plan (MAPP)3rd or 4th Thursday of the month prior tothe month of coverage.Monthly premiums for:Marketplace plans, other individual plans, and COBRA policies2nd Thursday of the month prior to the month of coverage.Medicare Part D Prescription Drug PlansPaid annuallyQuarterly premiums3rd Thursday of the month prior to thequarter of coverage.Reimbursement for employer-basedcoverageWeekly as needed.

Related to Premium Payment Schedule

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Payment Schedule ’ means a schedule which sets out—

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Repayment Schedule means the schedule of repayment dates as detailed in Schedule 5 (Loan Repayment Schedule), to be replaced as required in accordance with Clause 5 (Repayment) and Clause 6.10(b) (Partial prepayment of Loans).

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Party B Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Interim Payment has the meaning specified in Section 10.1.

  • Equipment Schedule means (a) each Equipment Schedule attached to the applicable Requisition and (b) each Equipment Schedule attached to the applicable Lease Supplement.

  • Expected Final Payment Date means the March 2023 Distribution Date.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;