INTEREST ON DEATH PROCEEDS Sample Clauses

INTEREST ON DEATH PROCEEDS. This Contract will remain in force until Due Proof of Death is received by Us. Interest shall accrue and will be paid from the date of Our receipt of Due Proof of Death to the date the Death Benefit is paid at the rate or rates applicable for funds left on deposit with Us. If the Death Benefit is not paid by Us within 31 calendar days from the latest of a., b. and c. below, We will pay additional interest at a rate of 10% annually beginning on the 31st calendar day from the latest of a., b. and c. to the date the death claim is paid, where:
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
INTEREST ON DEATH PROCEEDS. We will pay interest on the death Proceeds after we receive due proof of the Insured’s death. We will pay interest on death Proceeds from the date of the Insured’s death to the date of payment of death Proceeds. The annual interest rate will be at least 1.0%. We will pay additional interest at a rate of 10% annually, beginning with the date that is 31 calendar days from the latest of items 1, 2, and 3 below to the date payment is made: 1) the date we receive due proof of the Insured’s death; 2) the date we receive sufficient information to determine our liability, the extent of our liability, and the appropriate payee legally entitled to the death benefit; and 3) the date that legal impediments to payment of the death benefit that depend on the action of parties other than us are resolved and sufficient evidence is provided to us. Legal impediments include, but are not limited to:
Sample 1Sample 2
INTEREST ON DEATH PROCEEDS. We will pay interest on the death Proceeds after we receive due proof of the Insured’s death. We will pay interest on death Proceeds from the date of the Insured’s death to the date of payment of death Proceeds. The annual interest rate will be at least 1.0%. We will pay additional interest at a rate of 10% annually, beginning with the date that is 31 calendar days from the latest of items 1, 2, and 3 below to the date payment is made:
Sample 1Sample 2
INTEREST ON DEATH PROCEEDS. Any interest on death proceeds will be paid in accordance with rules in effect in Your state at the time of death. THE TRAVELERS LIFE AND ANNUITY COMPANY /s/ George C. Kokxxxx PRESIDENT DEATH BENEFIT ENDORSEMENT II This endorsement is made part of the Contract on the Contract Date.
Sample 1
INTEREST ON DEATH PROCEEDS. If there is contract language regarding interest on death benefit proceeds,
Sample 1
INTEREST ON DEATH PROCEEDS. Any interest on death proceeds will be paid in accordance with rules in effect in Your state at the time of death. THE TRAVELERS LIFE AND ANNUITY COMPANY /s/ M.A XXXXXXXXX PRESIDENT TL-22241 TLAC Ed. 1-99
Sample 1

Related to INTEREST ON DEATH PROCEEDS

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • No Interest on Capital No Partner shall be entitled to interest on its Capital Contributions or its Capital Account.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

Time is Money Join Law Insider Premium to draft better contracts faster.