Premium. Once your contract of insurance has been concluded, we will send you an invoice (also referred to as a debit note). You must pay the premium due in accordance with payment dates specified in the invoice. Failure to meet the payment date may lead insurers to cancel your policy. No payment shall be deemed to have been received until we have received cleared funds. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in automatic termination of your insurance contract. We shall be entitled (but not obliged) without providing notice to you to set off amounts due to us from you, against any amounts which we may receive on your behalf i.e. claims moneys, refunded premiums and other sums.
Premium. The Concessionaire acknowledges and agrees that as set forth in the Bid, it shall pay to the Authority a premium in the form of an upfront fee ("Upfront Premium") as set forth in Clause 25.2.
Premium. In consideration of the issuance by the Note Insurer of the Policies, the Note Insurer shall be entitled to receive the Premium as and when due in accordance with the terms of the Fee Letter (i) in the case of Premium due on or before the Date of Issuance, directly from the Servicer and (ii) in the case of Premium due after the Date of Issuance, pursuant to the Indenture. The Premium paid hereunder or under the Indenture shall be nonrefundable without regard to whether the Note Insurer makes any payment under the Policies or any other circumstances relating to the Notes or provision being made for payment of the Notes prior to maturity. The Servicer or the Indenture Trustee, as the case may be, shall make all payments of Premium to be made by them by wire transfer to an account designated from time to time by the Note Insurer by written notice to the Servicer or the Indenture Trustee, respectively.
Premium. All premiums for this insurance shall be computed in accordance with our rules, rates, rating plans, premiums and minimum premiums applicable to the insurance. Premium designated in this policy as "provisional premium" is a deposit premium only, which shall be credited to the amount of the earned premium due at the end of the policy period. At the close of each policy period, the earned premium shall be computed and upon notice to the named insured the earned premium shall become due and payable. If the total earned premium for the policy period is less than the premium previously paid, we shall return the unearned portion to the named insured. The named insured shall maintain records of such information for premium computation and shall send copies of such records to us at the end of the policy period and at such times during the policy period as we may request.
Premium. The Subscriber is liable for payment to the Group of their contribution toward the monthly premium, if any.
Premium. A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.
Premium. In consideration of the issuance by Financial Security of the Note Policy, Arcadia Financial shall pay Financial Security the Premium and Premium Supplement, if any, as and when due in accordance with the terms of the Premium Letter. The Premium and Premium Supplement, if any, paid hereunder or under the Sale and Servicing Agreement shall be nonrefundable without regard to whether Financial Security makes any payment under the Note Policy or any other circumstances relating to the Notes or provision being made for payment of the Notes prior to maturity. Although the Premium is fully earned by Financial Security as of the Closing Date, the Premium shall be payable in periodic installments as provided in the Premium Letter. Anything herein or in any of the Transaction Documents notwithstanding, upon the occurrence of an Event of Default, the entire outstanding balance of further installments of the Premium and Premium Supplement shall be immediately due and payable. All payments of Premium and Premium Supplement, if any, shall be made by wire transfer to an account designated from time to time by Financial Security by written notice to the Seller and Arcadia Financial.
Premium. Effective April 1, 2009, an employee on-call shall be paid premium of $3.75 per hour for the first 72 hours on-call in a calendar month. Thereafter, the employee shall receive $4.25 per hour.
Premium. A premium of ten percent (10%) of the hourly rate (straight-time) will be paid for all hours worked on a Sunday. All shift premiums are paid only on straight-time earnings for the shift hours. If overtime is worked beyond the hours of the shift, then the overtime payment replaces any shift premium.