Base Premiums definition

Base Premiums means 100 percent of monthly Premiums for each enrolled Member, as set forth in this section. A grace period of 15 days will be granted for the payment of each premium falling due after the 1st premium, during which grace period the policy shall continue in force. Premium Payments for New Members Premiums are payable for new Members for the entire month regardless of the membership effective date. Group shall continue to pay the Premium for each Subscriber and his or her Family Dependents covered under this Agreement until Group provides written notice to Health Plan to terminate such coverage. Premium Payments for Terminating Members Premiums are payable for Members for the entire month regardless of the membership termination date. Group shall continue to pay the Premium for each Subscriber and his or her Family Dependents covered under this Agreement until Group provides written notice to Health Plan to terminate such coverage. Health Plan will not terminate coverage until it has received Group’s written notice. The effective date of termination will be the date the written notice is received by Health Plan. Premium Increase Due to Tax or Other Charge If a government agency or other taxing authority imposes or increases a tax or other charge (excluding a tax on or measured by net income) upon Health Plan or any of its contracting providers (or any of their activities), then beginning on the effective date of that tax or charge, Health Plan may calculate Group’s Premium to include Group’s share of the new or increased tax or charge, subject to regulatory approval where required. Group’s share is determined by dividing the number of Members enrolled through Group by the total number of Members enrolled in the applicable Service Area. Premium Rebates If state or federal law requires Health Plan to rebate Premiums from this or any earlier contract year and Health Plan rebates Premiums to Group, Group represents that Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA). Clerical Errors If a clerical or administrative error made by Group or Health Plan results in an eligible person being incorrectly enrolled or not enrolled, then such error will be rectified by Group and Health Plan within 90 days of the error being found. If Group’s written notice to add an eligi...

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Base Premiums means 100 percent of monthly Premiums for each enrolled Member, as set forth in this section. The Group will be billed the entire month’s Premium for new Members whose effective date falls between the 1st and the 15th of the month. The Group will not be billed for the month’s Premium when a new Member’s effective date falls between the 16th and the end of the month. The Group shall continue to pay the Premium for each Subscriber and his or her enrolled Dependents covered under this Agreement until the later of the termination date or the date notice is received by the Health Plan.

Base Premiums means the High Purity Base Premium, the Billet Base Premium, the HDC/Small Form Base Premium and the Slab Base Premium.

Examples of Base Premiums in a sentence

However, if Landlord substantially increases the amount of insurance carried or the percentage of insured value after the period during which the Base Premiums were calculated, Tenant shall only pay Landlord the amount of increased premiums which would have been charged by the insurance carrier if the amount of insurance or percentage of insured value had not been substantially increased by Landlord.
If the Property has been previously fully occupied, the "Base Premiums" are the insurance premiums paid during or applicable to the last twelve (12) months of such prior occupancy.
Subject to Section 4.05, Tenant shall pay Landlord the increases over the Base Premiums within fifteen (15) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due.
If the Property has not been previously fully occupied or has been occupied for less than twelve (12) months, the Base Premiums are the lowest annual premiums reasonably obtainable for the required insurance for the Property as of the Commencement Date.
Tenant shall pay Landlord the increases over the Base Premiums within fifteen (15) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due.
Subject to Section 4.05, Tenant shall pay Landlord the increases over the Base Premiums within thirty (30) days after receipt by Tenant of a statement of the amount due.
If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "Base Premium." if a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premiums shall be the annual premium applicable to such twelve (12) month period.
Subject to Section 4.6, Tenant shall pay Landlord its proportionate share of the increase over the Base Premiums within fifteen (15) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due.
For purposes of this Lease, the "Base Premiums" shall be the premiums paid by Landlord for coverage during 1996 for the insurance policies maintained by Landlord under Paragraph 4.04(b).
If the Property has not been previously fully occupied or has been occupied for less than twelve (12) months, the Base Premiums are the lowest annual premiums reasonably obtainable for the required insurance for the Property during the Base Year.