Flexible Premium Payments. For annuity contracts that permit flexible premium payments, the following provisions apply:
Flexible Premium Payments Sample Clauses
Related to Flexible Premium Payments
Premium Payments a. Each annual premium on the Policy shall be paid when due as follows:
Premium Payment The Bank shall pay any premiums due on the Policy.
PREMIUM DUE 4 b. FAILURE TO PAY PREMIUMS.............................................5 c.
Interim Payment Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.
Single-Premium Credit Life Insurance Policy In connection with the origination of any Mortgage Loan, no proceeds from any Mortgage Loan were used to finance or acquire a single-premium credit life insurance policy;
Premium Tax Reimbursement The Reinsurer will not reimburse the Ceding Company for premium taxes.
Single Premium Credit Life Insurance None of the proceeds of the Mortgage Loan were used to finance single-premium credit life insurance policies;
Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:
REINSURANCE PREMIUM A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:
Payment of Premium Increases (a) As used herein, the term "
