Premium R Payments Sample Clauses

Premium R Payments on the Business Day immediately preceding each Payment Date up to and including the earlier of the Early Termination Date and the Scheduled Termination Date, an amount equal to 10.25% per annum calculated on the Coverage Limit determined as of the first day of the relevant Accrual Period, provided, however, that for all Accrual Period days from and including the Effective Date to but not including the first anniversary date of the Effective Date, even if such anniversary date is not a Payment Date, such premium will be calculated on the Original Coverage Limit, provided, further, that if such first anniversary date is not a Payment Date, for the remaining portion of the relevant Accrual Period days from and including such anniversary date to but not including the next Payment Date, such premium will accrue and be calculated on the Original Coverage Limit, provided further, that if a Premium F Payment becomes due and payable on any Payment Date prior to the end of the first anniversary date of the Effective Date, no Premium R Payment shall become due and payable following such Payment Date;
Sample 1
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Related to Premium R Payments

  • Premium Payments a. Each annual premium on the Policy shall be paid when due as follows:

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • PREMIUM DUE 4 b. FAILURE TO PAY PREMIUMS.............................................5 c.

  • Other Payments (a) Any payments received by the Subordination Agent for which no provision as to the application thereof is made in this Agreement shall be distributed by the Subordination Agent (i) in the order of priority specified in Section 3.2 hereof and (ii) to the extent received or realized at any time after the Final Distributions for each Class of Certificates have been made, in the manner provided in clause “first” of Section 3.2 hereof.

  • Payment of Reimbursement Amount To effect the expense reimbursement provided for in this Agreement, the Fund may offset the appropriate Reimbursement Amount against the management fees, Rule 12b-1 fees and/or shareholder servicing fees payable under the Investment Management Agreement, Rule 12b-1 Plan and/or the Shareholder Servicing Agreement. Alternatively, the Reimbursement Amount shall be paid directly by IICO, IDI and/or WISC. Such offset shall be taken, or such direct payment shall be paid, two times per year within 30 days following the date of a Fund’s applicable semi-annual or annual reporting period.

  • Reimbursement Payments The following rules shall apply to payments of any amounts under this Agreement that are treated as “reimbursement payments” under Section 409A, including, but not limited to, any payments provided under Section 4.3: (i) the amount of expenses eligible for reimbursement in one calendar year shall not limit the available reimbursements for any other calendar year; (ii) Executive shall file a claim for all reimbursement payments not later than thirty (30) days following the end of the calendar year during which the expenses were incurred, (iii) the Company shall make such reimbursement payments within thirty (30) days following the date Executive delivers written notice of the expenses to the Company; and (iv) Executive’s right to such reimbursement payments shall not be subject to liquidation or exchange for any other payment or benefit.

  • PREMIUM TAX The Reinsurer will not reimburse the Ceding Company for premium taxes.

  • Premium Taxes If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.

  • Payment of Premium Increases (a) As used herein, the term "

  • Premium Tax Reimbursement The Reinsurer will not reimburse the Ceding Company for premium taxes.

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