Premium Date definition
Examples of Premium Date in a sentence
Insurer's receipt of such payment by the Premium Date is a condition precedent to Insurer's obligations hereunder.
The Surrender Charge that would apply upon surrender (whether or not there will be a surrender) on the next Planned Premium Date or, if greater, on the date the loan is made; LESS .
Neither Counterparty nor Parent shall, until the second Scheduled Trading Day immediately following the Trade Date, and on any Additional Premium Date, engage in any such distribution.
As consideration for this Policy, Named Insured shall pay by wire in federal funds not later than the Premium Date stated in the Declarations the Premium stated in the Declarations.
In connection with any voluntary prepayment that is consummated in respect of all or any portion of the Term Loans prior to the Prepayment Premium Date, the Borrower shall pay to the Term Lenders the applicable fee required by Section 2.09(c).
The Reinsured will cede and the Reinsurer will accept as reinsurance the guaranteed minimum death benefit (GMDB) and the guaranteed minimum living benefit (GMLB) and Enhanced Death Benefit (both Issue Date Surrender Charge and Premium Date Surrender Charge option) provided according to the terms of the policies written by the Reinsured as shown in Schedule A.
Except as set forth in Section [n.2], in no event shall the Premium Date or the period, if any, during which the premium shall be paid be extended by reason of a Force Majeure or for any other reason whatsoever.
LOAN VALUE The Loan Value of the Policy on the date the Loan is made is equal to: - 90% of the Cash Value of the Policy projected to the next policy anniversary or, if earlier, to the next Planned Premium Date; LESS - The Surrender Charge that would apply upon surrender (whether or not there will be a surrender) on the next Planned Premium Date or, if greater, on the date the loan is made; LESS - Loan interest to the next loan interest due date.
The Company and Consultant agree that the Company shall not take any action that would be inconsistent with maintaining such policy through the Paid-Up Premium Date, but that the Company shall have no obligation to maintain such policy at any time following the Paid-Up Premium Date; provided, however, that Consultant shall be entitled to assume the Company's obligations under the Life Insurance Policy and continue to maintain such policy in accordance with its terms following the Paid-Up Premium Date.
If a jurisdiction of the United States will not permit the Reinsured, in the statements required to be filed with its regulatory authority(ies), to receive full credit as admitted reinsurance for the Reinsurer’s share of losses and reserves for GMLB/GMDB and Enhanced Death Benefit (both for Issue Date Surrender Charge and Premium Date Surrender Charge options), if any, the Reinsured shall forward to the Reinsurer a statement of the Reinsurer’s share of such reserves.