Unearned Premiums. If this Mortgage is foreclosed, the Lender may at its discretion cancel any of the insurance policies required under this Section and apply any unearned premiums to the Indebtedness.
Unearned Premiums. If this Deed of Trust is foreclosed, the Lender may at its discretion cancel any of the insurance policies required under this Section and apply any unearned premiums to the Indebtedness.
Unearned Premiums. Upon the expiration or earlier termination of this Lease unearned premiums upon any of such insurance policies which are transferred to Landlord, if any, shall be apportioned between Landlord and Tenant; provided that if Tenant shall then be in default causing the termination of this Lease, the portion of such unearned premiums to which Tenant would otherwise be entitled shall be applied first against any amount due under the default.
Unearned Premiums. Upon expiration of the term of this Lease, the unearned premiums upon any insurance policies or certificates thereof lodged with Landlord by Tenant shall, subject to the provisions of Section 21 hereof, be payable to Tenant, provided that Tenant shall not then be in default in keeping, observing or performing the terms and conditions of this Lease.
Unearned Premiums. Lincoln agrees to refund, without interest, any reinsurance premiums unearned as of the date of death of an insured person, the date of the surrender of a Policy, or the date of a reduction of reinsurance pursuant to the “Reductions in Insurance” article.
Unearned Premiums. Upon expiration of the Term of this Lease, the unearned premiums upon any insurance policies or certificates thereof lodged with Landlord by Tenant shall, provided that Tenant has complied with all of the terms and conditions of Article XIII herein, as applicable, be payable to Tenant, provided that Tenant shall not then be in default in keeping, observing or performing the terms and conditions of this Lease.
Unearned Premiums. Upon expiration or other termination of the Term of ----------------- this Lease, the unearned premiums upon any insurance policies or certificates thereof lodged with Landlord by Tenant shall, subject to the provisions of Article XIII hereof, be payable to Tenant, provided that an Event of Default does not then exist (or if an Event of Default does then exist, any excess over the amount required to cure such default shall be so payable to Tenant).
Unearned Premiums. If this Mortgage is foreclosed, Mortgagee may at its discretion cancel any of the insurance policies required under this Section and apply any unearned premiums to the Indebtedness.
Unearned Premiums. Lincoln agrees to refund, without interest, any reinsurance premiums unearned as of the date of death of an insured person or as of the date of a reduction of reinsurance pursuant to the "Reductions" article. SECURITY EQUITY LIFE INSURANCE MORTALITY RATES VARIABLE UNIVERSAL LIFE MALE NON-SMOKER ISSUE AGE 20-85 SECURITY EQUITY LIFE INSURANCE MORTALITY RATES VARIABLE UNIVERSAL LIFE MALE SMOKER ISSUE AGE 20-85 SECURITY EQUITY LIFE INSURANCE MORTALITY RATES VARIABLE UNIVERSAL LIFE FEMALE SMOKER ISSUE AGE 20-85 ARBITRATION SCHEDULE (Effective as of September l, 1996, for Facultative Reinsurance and March 1, 1997, for Automatic Reinsurance) to Agreement Number 4 To initiate arbitration, either Security Equity or Lincoln agrees to notify the other party in writing of its desire to arbitrate, stating the nature of its dispute and the remedy sought. The party to which the notice is sent agrees to respond in writing to the notification within ten (10) days of its receipt. The arbitration hearing shall be held before a panel of three arbitrators, each of whom must be a present or former officer of a life insurance company. An arbitrator may not be a present or former officer, attorney, or consultant of Security Equity or Lincoln, or either's affiliates. Security Equity and Lincoln agree to each name five (5) candidates to serve as an arbitrator. Each agree to choose one candidate from the other's list, and these two candidates shall serve as the first two arbitrators. If one or more candidates so chosen decline to serve as an arbitrator, the party that named the candidate shall add an additional candidate to its list, and the other party agrees to again choose one candidate from the list. This process shall continue until two arbitrators have been chosen and have accepted. Security Equity and Lincoln agree to present their initial lists of five (5) candidates by written notification to the other party within twenty-five (25) days of the date of the mailing of the notification initiating the arbitration. Any subsequent additions to the list which are required shall be presented within ten (10) days of the date the naming party receives notice that a candidate who has been chosen declines to serve. The two arbitrators shall select the third arbitrator from the eight (8) candidates remaining on the lists of Security Equity and Lincoln within fourteen (14) days of the acceptance of their positions as arbitrators. If the two arbitrators cannot agree on the choice of a thi...
Unearned Premiums. Upon the termination or cancellation of any Financed Insurance Policy, the Reinsurer and the General Agent hereby jointly and severally agree to pay to FPF an amount equal to all unearned premiums and commissions with respect to such Financed Insurance Policy (whether or not such premiums or commissions were actually received or retained by the Reinsurer or the General Agent) and all other amounts owed by State and County Mutual in connection with such termination or cancellation pursuant to the terms of such Financed Insurance Policy or applicable law (collectively, "Unearned Premiums"). Without limiting the generality of the foregoing, the liability of the Reinsurer and the General Agent shall extend to all obligations which would be owed by State and County Mutual in connection with a termination or cancellation of a Financed Insurance Policy but for the fact that such obligations are unenforceable or not allowable due to the bankruptcy or insolvency of State and County Mutual or the placement of State and County Mutual in supervision, conservation, receivership, rehabilitation or liquidation by any state insurance department, court or other regulatory, administrative or judicial body or the occurrence of any similar event. The Unearned Premiums will be deposited on behalf of FPF in accordance with the Servicing Agreement within thirty (30) days of the date on which State and County Mutual receives written notice that the applicable Financed Insurance Policy has been terminated or cancelled.
