Premium Payments definition

Premium Payments. Annual premiums due each month in advance .. Reporting Period: Monthly .. Recapture Period: 20 Years 6) CONTACTS

Premium Payments is defined as the payments paid to Employees under Article 20, Remuneration, Overtime, standby and call out pay.

Premium Payments means (i) payments that are to be made by the Borrower to Amfac Property Development Corp., if the average sales price for or number of homes built by the Borrower on parcels of land in the Waikele master-planned community exceeds the applicable amount set forth in the purchase agreement between the Borrower and Amfac Property Development Corp. for such parcels; (ii) payments that are to be made by the Borrower to Xxxxxx Homes, Ltd., if the Borrower sells certain homes located on the Kulalei Property at a premium over the price of certain other homes located elsewhere at the Kulalei Property, pursuant to that certain Amended and Restated Purchase and Sale Agreement dated November 20, 1995; and (iii) payments that are to be made by the Borrower to HCI (America) Inc., in the event the Borrower constructs more than 580 units in Country Club Village.

Examples of Premium Payments in a sentence

Premium Payments - The insurance companies shall have no recourse against the COUNTY and funding agencies, its officers and employees or any of them for payment of any premiums or assessments under any policy issued by a mutual insurance company.
Once the payments begin, no additional Premium Payments will be accepted and no additional withdrawals will be paid.
If the Policy Value equals zero, You cannot make subsequent Premium Payments and all other policy features, benefits and guarantees are no longer available unless specified within this rider.
If the Policy Value equals zero, You cannot make subsequent Premium Payments and all other policy features, benefits and guarantees are no longer available.
Notice of Claim and Proof of Loss should be mailed to the Company at: P.O. Box 84075, Columbus, Georgia, 31993-9103 Premium Payments should be mailed to the Company at: P.O. Box 84069, Columbus, Georgia, 31908-4069 If applicable, references to 2801 Devine Street, Columbia, SC 29205 are deleted.

Premium Payments. Premium payment(s) are payable in advance at the Administrative Office or to any agent of the Company. Premium payment(s) must be made by check payable to Protective Life Insurance Company or by any other method we deem acceptable. The least amount of premium payment(s) that we will accept is $50 if paid by a monthly pre-authorized payment arrangement; or $150 for any other mode of payment accepted by the Company. Upon request, a receipt for premium payment(s) will be sent. We reserve the right to refund a premium payment, including any earnings thereon, which:

Premium Payments means the amounts to be paid to the CONTRACTOR for a specified period of time for covered health care services provided to enrollees eligible for insurance under this AGREEMENT.

Premium Payments track the premium payments for the policy. ❑ Claim Link: Use the Policy details to identify insurance coverage on a claim, with a specific link from the Claim to Policy and establishing the deductible and limits applicable to the Claim per the Policy definition. ❑ Policy Performance: Manage the performance of the Policy in terms of the aggregate claim financials, loss ratio and managing of basic aggregates. Note this capability is limited to the Claims connected to the Policy and does not cater for linked Policies in the program (see Risk Financing module for expanded capabilities).

Premium Payments means, for any period, the aggregate amount of payments made in cash (excluding any payments made in the form of additional Indebtedness) to life insurance carriers in exchange for coverage under any Purchased Policy owned by a Loan Party.

Premium Payments means the premium payments set forth in the first paragraph of Article IX.

Premium Payments means those payments made in addition to incentive payments to approved establishments under the terms of the Saving Quality Jobs Act which are calculated in accordance with the provisions of Section 5 of this act.

Premium Payments. One Assumed Purchase Date: TBD If such contracts of life insurance are actually purchased by the Bank, then the actual policies as of the dates they were purchased shall be used in the calculations under this Agreement. If such contracts of life insurance are not purchased or are subsequently surrendered or lapse, then the Bank shall receive annual policy illustrations that assume the above described policies were purchased from the above name insurance company(ies) on the Effective Date from which the increase in policy value will be used to calculate the amount of the Index. In either case, references to the life insurance contract are merely for purposes of calculating a benefit. The Bank has no obligation to purchase such life insurance and, if purchased, the CEO and his beneficiary(ies) shall have no ownership interest in such policy and shall always have no greater interest in the benefits under this Agreement than that of an unsecured general creditor of the Bank.