Financed Policies Sample Clauses

Financed Policies. 1. Financed through MSGA MSGA is not obligated to obtain financing for any Insured. If MSGA obtains financing from a finance company for an Insured, the Producer shall be responsible for obtaining an original, signed finance agreement (in the form provided by the finance company), any other documents the finance company may require, and the Net Down Payment (defined below) within ten (10) days of the effective date of the policy. Such finance agreement and Net Down Payment shall be sent directly to MSGA at its address provided at the end of this Agreement. If down payment is paid in full, the Commission related to those policies financed through MSGA will be payable within thirty (30) days after receipt of the signed finance agreement and down payment premium. All future payments under the finance agreement will be paid directly to the finance company at the address indicated in the finance agreement. All return premiums and adjustments will be sent directly to the finance company. The Commission on return premiums and adjustments shall be returned to MSGA by Producer within thirty (30) days following the processing of such return premiums or adjustments. All additional premiums generated by endorsements or audits will be agency billed, and the Producer shall pay MSGA according to the terms under Section VI(C). For the purposes of this Agreement, “Net Down Payment” is defined as the full down payment due to finance company less the Commission (but only if Producer is not then in default in any of its obligations under this Agreement).
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Financed Policies. Premium Financing Procedures (financing through BBPPI) The finance agreement must be signed by the Broker and the Insured (if the Insured is a corporation or partnership an authorized officer or general partner must print his/her name and sign). BBPPI does not require an original signature. BBPPI must receive Broker’s order to issue and down payment, less appropriate commission from the total premium fifteen
Sample 1

Related to Financed Policies

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

  • Required Policies and Coverages Without limiting any liabilities or any other obligations of Seller under this Agreement, Seller shall secure and continuously carry with an insurance company or companies rated not lower than “B+” by the A.M. Best Company the insurance coverage specified below:

  • Schedule of Underlying Insurance Policies If Umbrella or Excess policy is evidenced to comply with minimum limits, a copy of the Underlying Schedule from the Umbrella or Excess insurance policy may be required.

  • Claims Made Policy Requirements If General Liability, Pollution and/or Asbestos Pollution Liability and/or Errors & Omissions coverage are required and are provided on a claims-made form, the following requirements also apply:

  • Leave Policies III.P.1. Return at Expiration of Leave Upon the expiration of any leave, other than a military leave, the employee shall be returned to the same class of position or to any position to which the employee had been eligible to transfer at the time the leave of absence was granted.

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • Claims Made Policies If any of the required policies provide coverage on a claims-made basis:

  • Umbrella Policies Contractor may satisfy basic coverage limits through any combination of basic coverage and umbrella insurance.

  • Buyer Policies Seller agrees that Xxxxx’s internal policies, procedures and codes are intended to guide the internal management of the Buyer and are not intended to, and do not, create any right or benefit, substantive or procedural, enforceable at law or in equity, by the Seller against the Buyer.

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