Monthly Policy definition

Monthly Policy means a Policy of one month in duration that automatically renews month-to- month, unless cancelled in accordance with clause 10 of this Policy, and which is paid for on a monthly, recurring basis.
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Examples of Monthly Policy in a sentence

  • Your Policy will automatically renew each month beginning from the date You purchase Your first Monthly Policy as reflected on the original sales receipt for Your Policy.

  • Whether You have purchased a Fixed-Term Policy or a Monthly Policy, Your Policy Type and Coverage Period will be set out on Your sales receipt and POC certificate.

  • If You otherwise cancel Your Monthly Policy more than fourteen (14) days after the date of initial purchase or renewal of Your Policy cancellation will be deferred until midnight on the last day of the month for which Your last monthly Premium was paid.

  • Your action in turning off the renewal Premium billing will be deemed an expression of Your intent to cancel your Monthly Policy at the end of the last month for which Your last monthly Premium was paid.

  • To cancel Your Monthly Policy, You must call Apple as instructed in clause 10.1 above if You purchased from Apple, or if You purchased Your Monthly Policy from an Apple Authorised Reseller, you must contact such Reseller to cancel Your Monthly Policy.

  • If You cancel this Monthly Policy within fourteen-(14) days of the date of initial purchase or each renewal of Your Policy, You will receive a full refund of the whole monthly Premium You paid.

  • Your Monthly Policy will remain active until midnight on the last day of that month at which point it will be cancelled and no cancellation refund will be provided to You.

  • If You have purchased a Monthly Policy, You agree to have the credit card, debit card or other authorised payment source e.g. Apple Pay (the “Payment Source”) used for Your initial Policy purchase kept on file.

  • To prevent Your Monthly Policy from automatically renewing, you may turn off the renewal Premium billing directly through Your billing platform or on Your Covered Device (if available).

  • You can opt out of the STO at any time during the Policy Term by giving us a request which shall be effective from following Monthly Policy Anniversary.

Related to Monthly Policy

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • 2%/25% Guidelines has the meaning set forth in Section 13.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Servicing Compensation With respect to each Distribution Date, the sum of (i) the aggregate Servicing Fee for such Distribution Date subject to reduction as provided in Section 3.17, (ii) any Ancillary Income, (iii) Excess Proceeds for the preceding month and (iv) the Servicer Custodial Account Reinvestment Income for such Distribution Date.

  • Monthly shall be construed accordingly;

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.