Installment Contracts. The Trustee shall not monitor the payment status of any Pre-need Contract payable in installments and shall not initiate cancellation of any Pre-need Contract for which one or more installment payments are delinquent. If the Provider desires to cancel a Pre-need Contract for which one or more installment payments are delinquent and the power to cancel is given to the Trustee under the Pre-need Contract, the Provider shall notify the Trustee in writing of the Provider’s desire to cancel the Pre-need Contract, and the Trustee shall cancel the Pre-need Contract in accordance with its terms, if consistent with the Act and other applicable law.
Appears in 3 contracts
Sources: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement