Facility of payment clause definition

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August undefined, 2024

WebAug 25, 2024 · A payment clause allows you to set your own payment terms (so long as they comply with principles of contract law, and any applicable state or federal laws) Without a payment terms clause, … WebNext of Kin Clause B. Facility of Payment Clause C. Policy's Settlement Option D. Creditor Collection Clause B. Facility of Payment Clause A Facility of Payment Clause allows the insurer to pay the death benefit to a relative or anyone it deems entitled in the absence of a designated beneficiary.

facility of payment clause

WebFacility of Payment Clause A provision in some life insurance policies allowing the insurer to pick a beneficiary if the policy's designated beneficiary is a minor or is deceased. For example, the insurer may pay the next closest relative of the decedent or may simply pay the funeral home. Farlex Financial Dictionary. © 2012 Farlex, Inc. WebFacilities Agreement and to highlight certain key borrower issues arising from it of which … javascript write to google sheets

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WebMar 16, 2024 · (1) Is an imputed cost that is not a form of interest on borrowings (see 31.205-20 ); (2) Is an "incurred cost" for cost-reimbursement purposes under applicable cost-reimbursement contracts and for progress payment purposes under fixed-price contracts; and (3) Refers to- (i) Facilities capital cost of money (48 CFR9904.414); and Web(i) the sum of such payment amount and any cost sharing provided for under the plan, is equal to at least (ii) the total dollar amount of payment for such items and services as would otherwise be authorized under parts A and B (including any balance billing permitted under such parts). (B) Reference to related provisions For provision relating to- WebEach party hereto irrevocably consents to service of process in any action or proceeding arising out of or relating to any Loan Document, in the manner provided for notices (other than telecopier) in Section 10.01 of the Facility Agreement. javascript write to web page

Facility Payments Definition Law Insider

Facility of Payment Clause - TheFreeDictionary.com

WebAny policy designed to provide coverage for not less than 12 consecutive months for diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services provided in a setting other than an acute care unit of a hospital is the definition of: WebDefinitions of facility of payment clause a clause in a life insurance policy that allows … java script writingWebA facility-of-payment clause is a part of an insurance policy or trust that allows … javascript write var to file

"WebFacility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan. Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities). " - Facility of payment clause definition

Facility of payment clause definition

SECOND AMENDMENT TO REVOLVING SYNDICATED FACILITY …

WebFacility A Loan means a loan made or to be made under Facility A or the principal …

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WebA facility-of-payment clause is a provision in an insurance policy or trust that allows someone to receive payment on behalf of the beneficiary. This means that the beneficiary can appoint someone to receive the payment from the insurer or trustee. WebAug 1, 2024 · An event of default is a pre-specified condition or threshold that, if met, allows the lender or creditor to demand immediate and full repayment of a debt or obligation. An event of default may...

WebDefinition of "Facility of payment clause". Element usually found in industrial life … Web“Payment” encompasses the various activities of health care providers to obtain payment or be reimbursed for their services and of a health plan to obtain premiums, to fulfill their coverage responsibilities and provide benefits under the plan, and to obtain or provide reimbursement for the provision of health care.

WebMar 18, 2024 · Force majeure is a clause that is frequently included in commercial contracts that allows a party to be excused from performing its obligations on time when some unforeseen outside event beyond the … WebA typical facility agreement will include an increased costs clause which allows the …

WebIn the event of the failure of the Facility Manager to duly perform the said works and services in accordance with the aforesaid requirements, the Facility Manager agrees and acknowledges that it shall be required to pay the corresponding extent of liquidated damages as specified in respect thereto in terms of the Schedules, which amounts, shall …

WebMar 30, 2024 · A bank issues a letter of credit to guarantee the payment to the seller, essentially taking responsibility that the seller will be paid. A buyer must prove to the bank that they have enough... low price glasses prescriptionWebA facility of payment clause is a provision in life insurance that allows the insurance … javascript writing-modeWebMar 30, 2024 · Letter Of Credit: A letter of credit is a letter from a bank guaranteeing that … javascript writing to a text fileWebAug 30, 2011 · The facilities and their purpose: The amount of the facilities should be checked carefully, as should the purpose for which they may be available. Availability: The borrower should check that the facilities will be available when the borrower requires them (for example, to fund an acquisition). javascript writing an integer as a stringWebA facility-of-payment clause is a provision in an insurance policy or trust that allows … javascript writing a functionWebPayment Provisions. Payment shall be made in accordance with Chapter 2251 of the Texas Government Code, commonly known as the Texas Prompt Payment Act. Chapter 2251 of the Texas Government Code shall govern remittance of payment and remedies for late payment and non-payment. low price glasses framesWebbehalf or on behalf of its network, the payment of goods or services via an electronic … low price glasses uk