Common use of WHEN PAYABLE Clause in Contracts

WHEN PAYABLE. At the commencement of the Period of Cover and at each subsequent Policy Anniversary Date. If the premiums are payable by instalments the appropriate instalment in respect of each Member shall be due on the first day of the instalment period. Two months of grace shall be allowed for the payment of any premium. If any claim arises during that period no amount shall become due in respect of such claim until confirmation is received that the Member’s premium is paid up to date.