Examples of Insurance Premium Account in a sentence
Lockbox Bank shall disburse funds from the Tax Account and the Insurance Premium Account in accordance with Lender’s written request therefor on the Business Day following Lockbox Bank’s receipt of such written request.
Lender shall have the right to withdraw funds from the Insurance Premium Account to pay Insurance Premiums on or before the date Insurance Premiums are due and payable.
Upon the occurrence of an Event of Default, Lender at its option may withdraw the Insurance Premium Funds from the Insurance Premium Account and may apply the Insurance Premium Funds to the payment of Insurance Premiums or to the payment of the Debt in such order, proportion and priority as Lender shall determine in its sole discretion.
All such accrued interest shall be held, disbursed and applied in accordance with the provisions applicable to such deposits, it being agreed that interest earned on the Tax Fund Account and the Insurance Premium Account shall be credited against future required monthly deposits.
Lockbox Bank shall disburse funds from the Tax Account and the Insurance Premium Account in accordance with Lender's written request therefor on the Business Day following Lockbox Bank's receipt of such written request.
Lender shall have the right to withdraw funds from the Insurance Premium Account to pay current Insurance Premiums on or before the date current Insurance Premiums are due and payable.
Lender shall determine, in its reasonable discretion, the initial deposit amounts (the “Initial Deposits”) required to be deposited in each of the Tax Account, the Insurance Premium Account, the Replacement Reserve Account, the Required Repair Account, and Borrower shall deposit the respective Initial Deposits into each Account on the Closing Date.
To help retirees defray the cost of these premiums, PERS also administers two separately defined benefit other postemployment benefit (OPEB) plans: the Retirement Health Insurance Account (RHIA) and the Retiree Health Insurance Premium Account (RHIPA).
Retiree Health Insurance Premium AccountThe Retiree Health Insurance Premium Account (RHIPA) is a single-employer OPEB plan that provides for payment of the average difference between the health insurance premiums paid by retired state employees, under contracts entered into by the PERS Board, and the health insurance premiums paid by state employees who are not retired.
Lender shall have the right to withdraw funds on deposit in the Insurance Premium Account to pay Insurance Premiums.