Policy Cost definition

Policy Cost. The sum of (a) any monetary payment made by PWCC or the Issuer to an Owner as consideration for the purchase of the Policy, including any monetary payment made to discharge or release any security interest, lien, claim or encumbrance incurred by the Owner against the Policy plus (b) any Front-End Sourcing Agent Fee, plus (c) the cost paid by PWCC for any medical examination, report, medical records or insurance questionnaire, plus (d) the amount of any premiums paid by PWCC on or before the Closing Date or Acquisition Date, as applicable, plus (e) the amount of any premiums paid by the Issuer on or after the Closing Date or Acquisition Date, as applicable, less (f) the amount of any premiums rebated or refunded to the Issuer.
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Examples of Policy Cost in a sentence

  • Payment of any Policy Cost shall be made prior to replenishment of any cash amounts.

  • Parent may notify the MLP in writing of any Retained Policy Cost incurred by Parent, which shall be allocated in accordance with Parent’s past practices for allocating such costs between Parent and the MLP prior to the date of this Agreement, and the MLP shall, within three (3) Business Days following receipt of such notice, reimburse Parent for such Retained Policy Costs.

  • Any change in the cost of insurance rates We use will be as described in the Changes In Policy Cost Factors provision.

  • If PWCC fails to cure such breach within 30 days, it shall repurchase the affected Policy from the Issuer in accordance with Section 3.03(c) hereof on the 31st day following the date of receipt of notice (provided such 31st day is a Business Day, and if not, the following Business Day) at a price equal to the Policy Cost.

  • All right, title and interest in and to the Services, any modifications, translations, or derivatives thereof, even if unauthorized, and all applicable rights in patents, copyrights, trade secrets, trademarks and all intellectual property rights in the Services remain exclusively with Wanpath or its licensors.

  • With respect to the costs and expenses related to the issuance by the applicable title insurance company of the Title Policies (the "Title Policy Cost"), Leav▇▇▇ ▇▇▇ll pay up to, but not exceeding, $10,000 of the Title Policy Costs, and Purchaser shall pay the Title Policy Costs that exceed $10,000.

  • No later than thirty (30) days following the first (1st) anniversary of the Closing Date, the Purchaser shall deliver, or cause the Company to deliver, to the Seller, together with the binder and policy document (reflecting coverages, self-insured retentions or deductibles, limits, etc.) for the Renewal Insurance Policies, reasonable supporting documentation and reasonably detailed calculations therefor, a schedule of the Renewal Insurance Policy Costs (the “Renewal Insurance Policy Cost Schedule”).

  • Any change in the cost of insurance rates we use will be as described in "Changes in Policy Cost Factors" on Page 16.

  • After receipt of the Renewal Insurance Policy Cost Schedule, the Seller and its Representatives shall have thirty (30) days to review the Renewal Insurance Policy Cost Schedule, subject to the same access rights as are set forth in Section 2.08(b) with respect to the Closing Financial Data.

  • For the avoidance of doubt, the Buyer Parties shall bear all (a) fees and expenses of the Escrow Agent and the Paying Agent, (b) fees and expenses (excluding legal expenses) in connection with any filing or submission that is necessary under any antitrust Laws, including the HSR Act, (c) the Buyer Parties’ share of any Transfer Taxes in accordance with Section 5.11.7, and (d) the R&W Insurance Policy Cost, subject to Schedule 1.2.