Payment of Insurance Premiums. The Company shall pay all hazard and flood insurance and Primary Mortgage Insurance Policy premiums required to be paid prior to the related Servicing Transfer Date or within thirty (30) days after the related Servicing Transfer Date on all impounded accounts relating to the Mortgage Loans and shall ensure that all premiums required to be paid prior to the related Servicing Transfer Date by the Mortgagors on non-impounded accounts have been paid. With respect to each of the Mortgage Loans which do not have an impound or escrow account maintained for the payment of taxes and insurance, the Company shall hold harmless and indemnify the Purchaser against any and all costs, expenses, penalties, fines, damages and judgments of whatever kind arising from the Company's failure to ensure that the related Mortgagor is maintaining adequate insurance coverage on the Mortgaged Property at all times prior to the related Servicing Transfer Date in accordance with the terms of any document contained in the Mortgage File or any applicable law or regulation including, without limitation, adequate flood insurance coverage for all Mortgaged Properties located within an "A" or "V" flood hazard area;
Payment of Insurance Premiums. Landlord shall pay the premiums of the insurance policies maintained by Landlord under Section 7.06 and Section 7.01 (if applicable), and Tenant shall reimburse Landlord for Tenant's Pro Rata Share of such premiums in accordance with Section 4.02. Tenant shall pay directly the premiums of the insurance policies maintained by Tenant under Sections 7.01, 7.02, 7.03, 7.04, and 7.05.
Payment of Insurance Premiums. During the time an employee is in a no pay status while his/her claim for disability leave benefits is being processed and during the period that the employee is receiving disability leave benefits, the Employer and employee's share of the health, life and other insurance benefits will be paid by the Employer. Only those insurance benefits paid in whole or in part by the state shall be subject to the provisions of this section. If an employee's claim for disability leave benefits is subsequently denied and the employee had been in a no pay status while his/her claim was being processed, then it is the employee's responsibility to reimburse the Employer the insurance premiums paid on his/her behalf. An employee receiving disability leave benefits may participate in an open enrollment period, but any change in the employee's health insurance benefits will not be effective until the employee returns to active pay status.
Payment of Insurance Premiums. Members shall be entitled to participate in the City's health insurance program as recommended by the Health Care Committee and described in the documents on file in the Finance Department.
Payment of Insurance Premiums. The Seller shall pay all hazard and flood insurance and Primary Mortgage Insurance Policy premiums required to be paid prior to the Servicing Transfer Date or within thirty (30) days after the Servicing Transfer Date on all impounded accounts relating to the Mortgage Loans and shall ensure that all premiums required to be paid prior to the Servicing Transfer Date by the Mortgagors on non-impounded accounts have been paid. With respect to any Mortgage Loan subject to force-placed insurance, the Seller shall maintain such insurance, which shall be in full force and effect through thirty (30) days after the Servicing Transfer Date. With respect to each of the Mortgage Loans which do not have an impound or escrow account maintained for the payment of taxes and insurance, the Seller shall hold harmless and indemnify Countrywide against any and all costs, expenses, penalties, fines, damages and judgments of whatever kind arising from the Seller’s failure to ensure that the related Mortgagor is maintaining adequate insurance coverage on the Mortgaged Property at all times prior to the Servicing Transfer Date in accordance with the terms of the any document contained in the Mortgage File or any applicable law or regulation including, without limitation, adequate flood insurance coverage for all Mortgaged Properties located within an "A" or "V" flood hazard area;
Payment of Insurance Premiums. With the consent of the Plan Administrator and upon such notice as the Plan Administrator may require, a Participant may direct that a portion of his or her Account be used to pay premiums on life insurance on the Participant’s life; provided, however, that (a) the aggregate premiums paid on ordinary life insurance must be less than 50% of the aggregate contributions allocated to the Participant’s Employer Account, (b) the aggregate premiums paid on term life insurance contracts, universal life insurance contracts and all other life insurance contracts which are not ordinary life insurance may not exceed 25% of the aggregate contributions allocated to the Participant’s Employer Account, and (c) the sum of one-half of the premiums paid on ordinary life insurance and the total of all other life insurance premiums may not exceed 25% of the aggregate contributions allocated to the Employer Account of the Participant. For purposes of these limitations, ordinary life insurance contracts are contracts with both non-decreasing death benefits and non-increasing premiums.
Payment of Insurance Premiums. To the extent that Operator does not self-insure pursuant to Section D6.1(b) hereof, Operator shall pay the premiums for such Policies (the "Insurance Premiums") as the same become due and payable and shall furnish to Owner evidence of the renewal of each of the Policies with receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to Owner. If Operator does not furnish such evidence and receipts at least thirty (30) days subsequent to the expiration of any expiring Policy, then Owner may procure, but shall not be obligated to procure, such insurance and pay the Insurance Premiums therefor, and Operator agrees to reimburse Owner for the cost of such Insurance Premiums promptly on demand. Within thirty (30) days after request by Owner, Operator shall obtain such increases in the amounts of coverage required hereunder as may be reasonably requested by Owner, taking into consideration changes in the value of money over time, changes in liability laws, changes in prudent customs and practices. The payment by Operator of Insurance Premiums pursuant to this Section D6.3 shall not in any way reduce or offset the amount of any payment which Operator is required to make in respect of any Loss pursuant to Section D5 hereof. APPENDIX "E" ------------ PROVISIONS REQUIRED BY STATE LAW -------------------------------- NON-ASSIGNMENT CLAUSE. In accordance with Section 138 of the State Finance Law, this Agreement may not be assigned by the Operator or its right, title or interest therein assigned, transferred, conveyed, sublet or otherwise disposed of without the previous consent, in writing, of Owner and any attempts to assign this Agreement without the Owner's written consent are null and void. The Operator may, however, assign its right to receive payment without Owner's prior written consent unless this Agreement concerns Certificates of Participation pursuant to Article 5-A of the State Finance Law.
Payment of Insurance Premiums. A. The employer will contribute up to the Michigan Department of Treasury maximum limits in effect January 1 of each year for single, two-person and family medical care coverage under Public Act 152. These limits are as follows: During the term of the Agreement in 2018-2019, 2019-2020, and 2020-2021 the Employer agrees to pay the amounts for Full Time Employees and Full-Time School Year Employees who elect and are eligible to participate in the group health insurance plan: Insurance Groups Hard cap Dental, Vision, Life Family Up to $1744 2 Person Up to $1092 Single Up to $558 During the term of the Agreement in, 2018-2019, 2019-2020, and 2020-2021 the Employer agrees to pay the state allowed medical benefit plan coverage amount as determined yearly in accordance to MCL 15.563. Or Payment in lieu of insurance at 20% of the hard cap amount for the eligible employee’s group coverage as follows: 20% of $16,751 for family coverage 20% of $12,845 for 2 person coverage 20% of $6142 for single coverage For current Regular Part Time Employees and Regular Part Time School Year Employees who work between 20-34.99 hours, hired prior to 2005, the Employer agrees to prorate the hard cap amount according to a 40 hour week for health care eligible employees. Example: 20 hour employee would receive 50% of the hard cap amount. Or Payment in lieu of insurance at 20% of the hard cap amount for the eligible employee’s group coverage prorated according to a 40 hour week for health care eligible employees. Example: 20 hour employee hired prior to 2005, would receive ½ of the 20% hard cap. Employees eligible according to the definable group or hired prior to 2005 and opting out of health coverage but are eligible for dental, vision and life are responsible to pay 20% of their premium. No cash in lieu payment for any new employees hired after July 1, 2012.
Payment of Insurance Premiums. The District contributes for each employee regularly working .50 FTE or greater a monthly amount, which for full-time employees is set out in Addendum A, to provide for costs of insurance premiums. The District’s contribution for eligible part-time employees will be prorated according to FTE. This sum shall be used to pay costs of premiums for employee insurance. Any money not required for payment of the employee’s insurance premiums can be applied to the premium costs of the insurance for dependents (as defined by the plan administrator) and/or may be used to purchase additional life insurance and/or long-term disability insurance, as available through the District’s plans. Employees who do not use the District’s entire insurance contribution shall not receive any cash payment from the District in lieu of payment for insurance premiums. Dependent or other insurance premium costs which exceed the money contributed by the District will be paid by the employee through payroll deduction.
Payment of Insurance Premiums. Agent shall apply the proceeds of each advance made by Owner under Sections 4, 5, 6 and 7 of this Agreement for payment in full of all amounts due and owing (if any) with respect to obtaining and maintaining all insurance policies required by the provisions of paragraph (a) of subsection 9.3 hereof.
