2024 Facility of payment clause definition

Facility of payment clause definition

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WebDefinition of "Facility of payment clause". Element usually found in industrial life … 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).

FAR 52.232-7: Payments Under Time-and-Materials and Labor …

WebApr 4, 2024 · The meaning of FACILITY OF PAYMENT CLAUSE is a clause in an insurance policy permitting the insurer to pay the death benefit to a relative of the insured or to any other person especially by reason of the person's incurring expenses (as funeral … 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. creative depot blog

Payment Terms Clauses for Terms and Conditions …

WebWhat is the purpose of the facility of payment clause? It allows the insurer to pay out … 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: 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... creative depot stempel weihnachten

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Facility Payments Definition Law Insider

WebA facility-of-payment clause is a provision in an insurance policy or trust that allows … WebFacility of Payment Clause To cover the rare cases in which a valid beneficiary is not available, most life insurance policies contain a facility of payment clause that allows the insurer to pay the death benefit to a person or entity of its choosing. creative cuts easton mdWebAug 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). creative d100 speakers bluetooth fails

"WebA facility of payment clause is a provision in life insurance that allows the insurance … " - Facility of payment clause definition

Facility of payment clause definition

Payment Terms Clauses for Terms and Conditions …

WebFacility of Payment Clause A provision in some life insurance policies allowing the insurer … Webfacility of payment clause. Samanantar. Facility of payment clausecan be availed of by …

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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 … WebFacilities Agreement and to highlight certain key borrower issues arising from it of which …

WebMar 24, 2024 · Provision of payment is one of the most important part of any contract. Payment, which is the main form of consideration received by the contractor in exchange of delivering a work, service or any supply is an element, without which the contract is not a valid contract in legal terms. WebPayment 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.

WebApr 15, 2013 · Subject to the provisions of Clause 14A.1 of the Framework Agreement, following receipt of a Subordinated Advance Drawdown Notice relating to an Issuer Subordinated Advance to be drawn for the purposes set out in clause 4.2.1(a) only of the Issuer Subordinated Facility Agreement and signed by the Issuer by 12.00 noon … WebA facility-of-payment clause is a part of an insurance policy or trust that allows …

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.

WebDefinition - What does Facility of payment clause mean A clause in industrial life coverage that states the insurer is permitted to pay some of the policy proceeds to a relative or other person who possesses the policy and seems entitled to the policy. This is done to minimize legal costs when settling an estate. creative dance and music harveyWebfacility of payment clause. A provision found in group life and industrial insurance … creative design agency manchesterWebbehalf or on behalf of its network, the payment of goods or services via an electronic … creative dance belchertownWebDefinitions of facility of payment clause a clause in a life insurance policy that allows … creative data systems incWebFacility of Payment. A payment made under another Plan may include an amount … creative description of an island creative d200 wireless speakerWeb(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- creative cuts brunswick ohio