Obligation to Continue Payments. If prior to full payment of the Bonds (or provision for payment thereof in accordance with the provisions of the Indenture) (a) the Project or any portion thereof is destroyed (in whole or in part) or is damaged by fire or other casualty, or (b) title to, or the temporary use of, the Project or any portion thereof shall be taken under the exercise of the power of eminent domain by any governmental body or by any Person acting under governmental authority, the Borrower shall nevertheless be obligated to continue to pay the amounts specified in Article IV hereof, to the extent not prepaid in accordance with Article VIII hereof.
Obligation to Continue Payments. If a full-time employee becomes eligible for Medicare and elects Medicare in lieu of health care insurance coverage, Medicare Part B premiums shall be paid by the Board on behalf of the employees, spouse, and/or dependents as defined by the underwriter. In the event a full-time employee receiving insurance coverage is laid-off, terminated, resigns, or dies during the school year, the Employer’s contribution towards that insurance coverage shall be continued by the Employer until the employee has received the full pro-rata portion of the twelve (12) month insurance year earned at the same time of lay-off, termination, resignation or death.
Obligation to Continue Payments. The Employer agrees to pay the required premiums as follows:
Obligation to Continue Payments. 20 Section 6.02. Application of Net Proceeds..................................................20 Section 6.03. Insufficiency of Net Proceeds................................................20 Section 6.04. Damage to or Condemnation of Other Property..................................20 Article VII LOAN DEFAULT EVENTS AND REMEDIES
Obligation to Continue Payments. A. in the event that an employee eligible for insurance coverage under this Agreement is discharged, quits, retires, resigns, is laid off, or commences an unpaid leave of absence, the Employer shall have no obligation or liability whatsoever for making any insurance premium payment for any such employee or their lawful dependents beyond the month in which the discharge, quit, retirement, resignation, layoff or unpaid leave of absence commences. Employees may continue insurance benefits on a month-by- month basis by paying to the Employer, in advance, the amount of the next month's premium for that employee and/or their lawful dependents, subject to the approval of the insurance program. The Employer shall resume payment of insurance premiums for eligible employees who return to work as of the first (1st ) day of the premium month following the date of the employee's return to work.
Obligation to Continue Payments. 17 SECTION 6.2. APPLICATION OF NET PROCEEDS......................................... 18 SECTION 6.3. INSUFFICIENCY OF NET PROCEEDS....................................... 18 SECTION 6.4. DAMAGE TO OR CONDEMNATION OF OTHER PROPERTY......................... 19 ARTICLE VII LOAN DEFAULT EVENTS AND REMEDIES
Obligation to Continue Payments. In the event that an employee eligible for insurance coverage under this Agreement is discharged, quits, retires, resigns, is laid off, or commences an unpaid leave of absence, the Employer shall have no obligation or liability whatsoever for making any insurance premium payment for any such employee or their lawful dependents beyond the month in which the discharge, quit, retirement, resignation, layoff, or unpaid leave of absence commences. Employees on Employer-approved leaves of absence may continue insurance benefits on a month by month basis by paying to the Employer, in advance, the amount of the next month's premium for that employee and/or their lawful dependents. The Employer shall resume payment of insurance premiums for eligible employees who return to work from layoff or unpaid leaves of absence as of the first (1st) day of the premium month following the date of the employee's return to work. The provisions of this section notwithstanding, the Employer shall continue insurance premium payments for individuals on workers' compensation leaves of absence for a period of up to twenty-four (24) months and for the family of an officer who is killed in the line of duty for a period of thirty-six months.
Obligation to Continue Payments. In the event that an employee eligible for insurance coverage under this Agreement is discharged, quits, retires, resigns, is laid off, or commences an unpaid leave of absence, the Employer shall have no obligation or liability whatsoever for making any insurance premium payment for any such employee or their lawful dependents beyond the month in which the discharge, quit, retirement, resignation, layoff, or unpaid leave of absence commences; provided, however, that employees on a family and medical leave of absence shall continue to be eligible for Employer-paid insurance for the period of their family and medical leave on the same terms that would exist if they were not on the leave. Employees on Employer approved leaves of absence may continue insurance benefits on a month by month basis by paying to the Employer, in advance, the amount of the next month’s premium for that employee and/or their lawful dependents, subject to the approval of the in- surance program. The Employer shall resume payment of insurance premiums for eligible employees who return to work from layoff or unpaid leaves of absence as of the first (1st) day of the premium month following the date of the employee’s return to work. The provisions of the foregoing notwithstanding, the Employer will continue to pay insurance premiums for eligible employees who are entitled to worker’s compensation benefits because of a job related injury during the period of their workers compensation leave.
Obligation to Continue Payments. The Employer agrees to pay the required premiums for health insurance and life insurance of an employee while on pregnancy leave, layoff or approved leave of absence to a maximum of six (6) weeks. The Employer shall resume payment of insurance premiums for eligible employees who return to work from layoff or unpaid leaves of absence as of the first (1st) day of the premium month following the date of the employee’s return to work. The provisions of the foregoing notwithstanding, the Employer will continue to pay insurance premiums for eligible employees who are entitled to worker’s compensation benefits because of a job related injury for a period of up to twelve (12) months, and who are on a disability leave of absence for a period of up to six (6) months.
Obligation to Continue Payments. Section 6.02. Application of Net Proceeds Section 6.03. Insufficiency of Net Proceeds Section 6.04. Damage to or Condemnation of Other Property Article VII LOAN DEFAULT EVENTS AND REMEDIES Section 7.01. Loan Default Events
