Authorization for Payment. You request and authorize Bank to pay, from your Account and to any bank, merchant or other person who presents any sales draft for payment, the amount specified in such draft, and to debit your Account for that amount. You further request and authorize Bank to pay from and debit your Account for all other amounts if the payment of those amounts is initiated through use of the Card. Each payment from your Account originated by use of the Card may be charged by Bank to your Account with the same legal effect as any authorized check drawn on the Account, except as otherwise provided herein. Use of the Card to originate a withdrawal or authorize a payment shall constitute a simultaneous withdrawal from your Account, even though such withdrawal may not be settled to your Account until a later date. Any payment by us in accordance with this Agreement shall reduce by the amount of the payment, our debt to you in connection with your Account. You also request and authorize Bank to credit your Account for the amount of any credit voucher originated in connection with use of the Card.
Authorization for Payment. When you use your card or permit 32 someone else to use it for a purchase or cash advance, you authorize us to charge your deposit account for the amount involved.
Authorization for Payment. On automatic Life cases, except when the claim occurs in the contestable period, OPTIMUM RE will accept THE COMPANY’s decision on claim payment of amounts up to THE COMPANY’s automatic reinsurance limit as specified in SCHEDULE A. On all claims which occur in the contestable period, or on facultative cases, or when the amount exceeds that described above, THE COMPANY must obtain OPTIMUM RE’s non-binding opinion regarding the reinsurance liability prior to acknowledgment of its liability to the claimant.
Authorization for Payment. On all claims, THE COMPANY must obtain the approval of OPTIMUM RE prior to acknowledgment of its liability to the claimant.
Authorization for Payment. On all claims involving reinsurance, THE COMPANY must obtain OPTIMUM RE’s non-binding opinion regarding the reinsurance liability prior to acknowledgment of its liability to the claimant.
Authorization for Payment. Life Re shall follow the decision of the Company on payment of a claim arising from a policy ceded to Life Re.
Authorization for Payment. The Authorization for Payment in the form ------------------------- of Exhibit "L". -----------
Authorization for Payment. Coinsurer will follow usual and customary procedures and decisions on all claims and settlements, and it agrees to hold harmless Ceding for any and all damages related to the payment of any such claims or settlements. Ceding agrees to hold harmless Coinsurer from (i) any claims by any third parties to the ownership or options to acquire the ownership of any of the assets, tangible, intangible, movable or immovable, covered by this Agreement, (ii) any claims to be paid or discharged by Ceding and (iii) any and all monetary damages, liabilities, fines, fees, penalties, interest obligations, deficiencies, losses, costs, and expenses (including reasonable fees and expenses of attorneys, accountants, actuaries, and other experts) solely related to the Reinsured Policies resulting from any breach of Ceding of any representation, warranty, covenant or agreement made by Ceding in this Agreement. The indemnity provisions provided in subsection (iii) of the preceding sentence shall only apply to such claims presented in writing to Ceding on or after the Execution Date.
Authorization for Payment. By accepting the Card, you request and authorize us to pay to any person, merchant, or ATM/POS owner who presents a Card originated Sales Draft or PIN authorized transaction, the amount specified in such Draft or transaction, and to charge the appropriate account for that amount. You further authorize the user to pay associated fees for these transactions. Use of the Card to initiate a withdrawal shall constitute a simultaneous withdrawal from the designated account, even though the withdrawal may not be posted until a later date. We shall not be obligated to pay withdrawals against deposits not finally posted and settled to your account. Abuse of the Card, which includes, but is not limited to, consistently initiating transactions that exceed available funds, may result in its cancellation. Refer to the Membership and Account Agreement for additional information on this subject.
Authorization for Payment. OPTIMUM RE will accept THE COMPANY's decision on claim payment of amounts up to THE COMPANY'S automatic reinsurance limit as specified in SCHEDULE A. However, on claims which occur in the contestable period which were either ceded Facultatively or when the amount ceded to all reinsurers exceeds or is equal to the amount retained by THE COMPANY, THE COMPANY must obtain OPTIMUM RE's non-binding opinion regarding the reinsurance liability prior to acknowledgment of its liability to the claimant. Upon notice and receipt of claims information, OPTIMUM RE will provide its non binding opinion within ten (10) business days, or shorter if required by statute. If OPTIMUM RE fails to provide its non-binding opinion within five (5) business days, THE COMPANY shall follow-up with a written reminder to secure such opinion from OPTIMUM RE. If OPTIMUM RE further fails to provide its non-binding opinion within five (5) business days, or shorter if required by statute, of the follow-up written reminder, OPTIMUM RE will have been deemed to have agreed with the decision of THE COMPANY. For all other claims within the contestable period, OPTIMUM RE will accept THE COMPANY'S decision on claim payment of amounts up to THE COMPANY's automatic reinsurance limit as specified in SCHEDULE A.
