Premium Refund. We will give any refund of Premiums, if due, to Subscriber.
Premium Refund. Unless a written request for waiver of this paragraph is received and approved in writing by the Company, the earned premium and premium refund, if any, is to be calculated as follows:
Premium Refund a. If this policy is cancelled, we will send you any premium refund due.
Premium Refund. A Standard Flood Insurance Policy- holder whose property has been deter- mined not to be in a special hazard area after the map revision or a Letter of Map Amendment under part 70 of this subchapter may cancel the policy within the current policy year provided
Premium Refund. If this policy is terminated pursuant to paragraph 16.2, the Company shall refund any unearned premium computed at short rates. If this policy is terminated under paragraphs 16.3 or 16.4 the refund shall be computed pro rata.
Premium Refund. AICCO agrees that in the event it receives any return premiums that have not previously been credited to ClearPoint’s Account, AICCO shall promptly advise ClearPoint and credit any and all such additional return premiums against the Settlement Payments due hereunder in reverse order thereof; or refund such additional return premiums to ClearPoint if received after the date on which all Settlement Payments have been tendered by ClearPoint to AICCO.
Premium Refund. Notwithstanding the foregoing, if within 60 days of a Student Loan’s applicable Sale Date a “Refund Event” (as defined below) occurs with respect to such Student Loan, the Seller shall refund to the Purchaser, within 30 days of Seller’s receipt of Purchaser’s written request, an amount equal to the product of (i) the dollar amount of the premium paid by Purchaser for such Student Loan, as determined pursuant to Appendix A, and (ii) a fraction, the numerator of which is the principal amount received by Purchaser in connection with such Refund Event and the denominator of which is the principal amount of such Student Loan as of its Cut-off Date. A “Refund Event” means the refund (by one or more holders of the prior student loans that have been consolidated into the Student Loans sold to the Purchaser) of some or all of the principal such previous holder received in connection with such consolidation.
Premium Refund. Upon commutation under (1) above, the Reinsurer shall pay to the Reinsured a "PREMIUM REFUND" equal to the positive balance, if any, of the Experience Account after deducting the value of the commuted Ceded Unpaid Ultimate Net Loss as per (1) above. Payment of the Ceded Unpaid Ultimate Net Loss and Premium Refund, if any, by the Reinsurer as described above shall constitute a complete and final release of the Reinsurer in respect of any and all of the Reinsurer's obligations of any nature whatsoever to the Reinsured under or related to this Agreement.
Premium Refund. Upon commutation under (1) above, the Reinsurer shall pay to the Reinsured a "PREMIUM REFUND" equal to the positive balance, if any, of the Funds Withheld account after deducting the value of the commuted Ceded Unpaid Ultimate Net Loss as per (1) above. Payment of the Ceded Unpaid Ultimate Net Loss by the Reinsurer as described above shall constitute a complete and final release of the Reinsurer in respect of any and all of the Reinsurer's obligations of any nature whatsoever to the Reinsured under or related to this Agreement. Non-Commute Charge If the Reinsured does not commute this Agreement on or before December 31, 2002, the Reinsured shall pay to the Reinsurer each January 1 thereafter, beginning January 1, 2003, an annual fee (the "Non-Commute Fee") of $100,000 until such time as this Agreement is commuted. The Non-Commute Fees shall not be included in the calculation of the Funds Withheld Balance and shall be retained 100% by the Reinsurer.
Premium Refund. The Insurer shall return a proportion of premiums (corresponding to the unexpired period of insurance) of individuals in the group against whom no claims are made.
