Common use of Payment of Contribution is a Condition of Coverage Clause in Contracts

Payment of Contribution is a Condition of Coverage. Member agrees to pay to the Pool the annual Contribution amount determined for the Member based upon the Pool’s calculation. The existence of any coverage provided pursuant to this Agreement is expressly conditioned upon, in addition to any other requirements under this Agreement, full and timely payment of annual Contribution and all Costs by the Member for any such coverage.

Payment of Contribution is a Condition of Coverage. Member agrees to pay to the Pool the annual Contribution contribution amount determined for the Member based upon the Pool’s calculation. The parties agree that the annual contribution will be paid from current revenues available to Member. The existence of any coverage provided pursuant to this Agreement is expressly conditioned upon, in addition to any other requirements under this Agreement, full and timely payment of annual Contribution and all Costs by the Member charges for any such coveragecoverage by Member. Payment shall be paid from Member's current revenues.