PAYMENT OF PREMIUM AND FEES Sample Clauses

PAYMENT OF PREMIUM AND FEES. If your initial premium payment is by check, draft, electronic funds transfer, or similar form of remittance, coverage under this policy is conditioned on payment to us by the financial institution. If the financial institution upon presentment does not honor the check, draft, electronic funds transfer, or similar form of remittance, this policy may, at our option, be deemed void from its inception. This means we will not be liable under this policy for any claims or damages that would otherwise be covered if the check, draft, electronic funds transfer, or similar form of remittance had been honored by the financial institution. Any action by us to present the remittance for payment more than once shall not affect our right to void this policy. In addition to premium, fees may be charged on your policy. We may charge fees for installment payments, late payments, and other transactions. Payments made on your policy will be applied first to fees, then to premium due.
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PAYMENT OF PREMIUM AND FEES. Notwithstanding anything to the contrary in this policy or on your declarations page, if your initial premium payment is by check, draft, electronic funds transfer, or similar form of remittance, coverage under this policy is conditioned on payment to us by the financial institution. If the financial institution upon presentment does not honor the check, draft, electronic funds transfer, or similar form of remittance, this policy may, at our option, be deemed void from its inception. This means we will not be liable under this policy for any claims or damages that would otherwise be covered if the check, draft, electronic funds transfer, or similar form of remittance had been honored by the financial institution. Any action by us to present the remittance for payment more than once shall not affect our right to void this policy. In addition to premium, fees may be charged on your policy. We may charge fees for installment payments, late payments, and other transactions. Payments made on your policy will be applied first to fees, then to premium due.
Sample 1
PAYMENT OF PREMIUM AND FEES. Timely payment to Us or Our agent of the full amount of the Initial Payment due is a precondition to inception of coverage. Acceptance of partial payment of the initial premium by Us or Our agent shall not be deemed a waiver of the requirement of full payment of the initial premium, including coverage under any oral or written binder or other temporary insurance contract between You and Us. If Your initial premium payment is made by check, draft, electronic funds transfer or similar form of remittance, coverage under This Policy is also conditional on payment to Us or Our agent when due by Your financial institution. If the financial institution does not honor Your check, draft, electronic funds transfer or similar form of remittance upon presentment, This Policy shall be deemed null and void from its inception without notice of cancellation or any other notice to You by Us. We will not be liable under This Policy for any claims or damages that would otherwise be covered had Your coverage not been voided for lack of timely Initial Payment. Any action by Us or Our agent to present Your payment to Your financial institution more than once shall not affect Our right to void This Policy. In addition to premium, fees may be charged on Your policy. We may charge fees for installment payments, late payments and other transactions. Except with respect to the Initial Payment, payments made on Your policy will be applied first to fees, then to premium due.
Sample 1
PAYMENT OF PREMIUM AND FEES. 7.1 You are responsible for the timeous payment of the premium to the Insurer and fees to us in accordance with the Policy terms and conditions read together with any other policy or premium or fee documentation. It is not our policy to fund the payment of premium on behalf of our clients to Insurers. Failure to pay your premium on or before the date contractually required in the Policy, may result in the Insurer cancelling the insurance policy. In this regard, we shall have no liability to you whatsoever by reason of the Insurer’s cancellation of insurance cover due to late payment or non-payment of premiums.
Sample 1
PAYMENT OF PREMIUM AND FEES. (i) As this Policy is a Whole Turnover Policy, it shall apply to all shipments (save and except shipments exempted or excluded) made by you during the period of cover and the entire amount of premium falls due and payable forthwith upon our acceptance of your Proposal for issue of the Policy, as per the rates set out in the Schedule or as the case may be, at such other rates for the time being in force taking into account Discounts, Bonus-Malus etc. as applicable, on the Aggregate Loss Limit (ALL) approved under this Policy. However, upon your request we may agree for a deferred payment of premium in such number of installments (specified in the Schedule and payable on or before the respective dates) and subject to such conditions as we may, at our sole discretion, stipulate.
Sample 1
PAYMENT OF PREMIUM AND FEES. The Client shall pay the Fees due to the Intermediary, in accordance with the payment schedule set out in clause 7.2 above. The Client shall pay any premiums to the Intermediary if not paid directly to the underwriters within 30(thirty) Days of receipt of the applicable invoice.
Sample 1

Related to PAYMENT OF PREMIUM AND FEES

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payment of Prevailing Wages The Contractor and all Subcontractors shall pay all workers on all Work performed pursuant to this Contract not less than the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work as determined by the Director of the Department of Industrial Relations, State of California, for the type of work performed and the locality in which the work is to be performed within the boundaries of the District, pursuant to sections 1770 et seq. of the California Labor Code.

  • Allocation of Premiums No premium shall be paid under the Bond unless the Board of Trustees of the Trust, including a majority of those Trustees who are not “interested persons” of the Trust as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Trust, on behalf of each Fund. The premium payable on the Bond shall be allocated between the Trust and the Manager as determined by the Board of Trustees of the Trust.

  • Payment of Costs and Legal Fees and Reinstatement of Benefits In the event any dispute or controversy arising under or in connection with the Executive’s termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, the Executive shall be entitled to the payment of (a) all legal fees incurred by the Executive in resolving such dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and any other cash compensation, fringe benefits and any compensation and benefits due to the Executive under this Agreement.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • – PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

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