Initial Premium. As consideration for the reinsurance provided hereunder by the Reinsurer, the Ceding Company shall pay to the Reinsurer, on the Closing Date, the Initial Reinsurance Premium with respect to the Ceding Company as set forth in the Estimated Reinsurance Settlement Statement in accordance with the Accounting Principles. Such payment shall be offset against the Ceding Commission payable by the Reinsurer to the Ceding Company, and the obligation to pay the Initial Reinsurance Premium shall be satisfied by the Ceding Company transferring, on the Closing Date, to the Trust Account on behalf of the Reinsurer, Authorized Investments with a Fair Market Value equal to the Net Initial Reinsurance Settlement Amount pursuant to and in accordance with Section 2.3(b)(i) of the Master Transaction Agreement. Such payment shall be subject to adjustment following the date hereof in accordance with Sections 2.6(b) and 2.7 of the Master Transaction Agreement.
Initial Premium a. The minimum Initial Premium We will accept is $10,000.
Initial Premium. The initial premium shown in the Coverage Description is due on delivery of the policy. No insurance will take effect before the initial premium is paid. If this policy is in your possession and you have not paid the initial premium, it is not in effect. Premium must be in lawful currency of the United States and submitted to our Administrative Office or Home Office, or in a manner agreed to by Symetra.
Initial Premium. The Initial Premium is shown in the Contract Schedule and is payable on or before the Contract Date.
Initial Premium. On the Effective Date, in an amount equal to the sum of (x) expenses incurred by the Reinsurer in connection with the issuance of the Notes on such Effective Date, and (y) certain anticipated operating expenses, each such expense as set forth on Schedule A hereto, and certified by the Reinsurer in the form attached hereto as Exhibit B (the “Initial Premium”); and
Initial Premium. (a) The Initial Premium shall be payable by the Cedant to the Reinsurer on the Closing Date. The payment of the Initial Premium is a condition precedent to the liability of the Reinsurer under this Agreement. The Cedant’s obligation to pay the Initial Premium to the Reinsurer shall be satisfied on the Closing Date in accordance with Section 3.03(b). The Initial Premium and the components thereof shall be subject to adjustment following the Closing Date in accordance with Section 3.05.
Initial Premium. On the Closing Date, in an amount equal to expenses incurred by the Reinsurer in connection with the issuance of the Notes pursuant to the Indenture and certain anticipated operating and administrative expenses as set forth on Schedule A hereto, and certified by the Reinsurer in the form attached hereto as Exhibit B (the ‘‘Initial Premium’’); and
Initial Premium. This Contract is not effective until Delta Dental receives the initial Premium. Future Premiums are due on the first day of each month.
Initial Premium. The Initial Premium is shown in the Contract Schedule, and is payable on or before the Contract Date. ADDITIONAL PREMIUMS. You may make additional premium payments at any time during the Annuitant's lifetime and before the Maturity Date. The amount of additional premium payments may vary. The minimum additional premium that we will accept is shown in the Contract Schedule. NET PREMIUM. The Net Premium is the premium paid less any premium tax levied on us relating to this Contract for the year the premium is paid. THE VARIABLE ACCOUNT VARIABLE ACCOUNT. We have established the Providentmutual Variable Annuity Separate Account (the "Variable Account"). The Variable Account is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940. The Variable Account is also subject to the laws of the State of Delaware. Although we own the assets in the Variable Account, these assets are held separately from our other assets and are not part of our General Account. The assets in the Variable Account are used to support the operation of and provide the variable values and benefits for this Contract and similar Contracts. The portion of the assets of the Variable Account equal to the reserves and other contract liabilities of the Variable Account will not be charged with liabilities that arise from any other business that we conduct. We have the right to transfer to our General Account any assets of the Variable Account which are in excess of such reserves and other liabilities.
Initial Premium. The initial premium for the policy is shown in the policy schedule pages.
