Allocation of Commissions Sample Clauses

Allocation of Commissions. The Executive acknowledges and agrees that the sales commission amount described in subsections (a), (b), and (c), above, represents the total amount of sales commissions which are payable with respect to the service or product described in that subsection, and that the sales commission amount may be allocated by the Company among all of the salespersons participating in the sales effort to that employer or customer. The Chief Executive Officer of the Company shall have the authority to allocate the sales commission amount in any manner such officer deems appropriate, in his reasonable discretion. In the event of any dispute regarding the allocation by the Chief Executive Officer of the sales commission amount, such dispute shall be referred to, and resolved by, the WCH Board, whose determination shall be binding and conclusive on all parties.
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Allocation of Commissions. The Employee acknowledges and agrees that the "25%" sales commission amount described in (a) and (b), above, represents the total amount of sales commissions which are payable with respect to any CMI Employer or CHS Employer, as the case may be, and that the 25% sales commission amount may be allocated by the Company among all of the salespersons participating in the sales effort to the CMI Employer or CHS Employer, as the case may be. The Chief Executive Officer of CMI or CHS, as the case may be, shall have the authority to allocate the 25% sales commission amount in any manner such officer deems appropriate, in his reasonable discretion. In the event of any dispute regarding the allocation by the Chief Executive Officer of the 25% sales commission amount, such dispute shall be referred to, and resolved by, the Compensation Committee of Health Power, whose determination shall be binding and conclusive on all parties.
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Allocation of Commissions. Brokerage commissions shall be allocated between MOC and OSGM as follows: Brokerage commissions for voyage charters fixed on or prior to the Effective Time shall be allocated to MOC; brokerage commissions for voyage charters fixed thereafter shall be allocated to OSGM. Brokerage commissions for time charters in effect at the Effective Time shall be allocated between MOC and OSGM based on the relative the periods of time covered by such charters before and after the Effective Time. To the extent necessary to effectuate the foregoing, or otherwise as the parties shall agree to be appropriate, MOC shall assign (or shall, if applicable, cause its subsidiaries to assign) to OSGM as of the Effective Time the brokerage and other commissions which are due and payable to MOC or such subsidiaries after the Effective Time in accordance with the terms of the General Services Agreement or the Agency Agreements, as the case may be.
Sample 1

Related to Allocation of Commissions

  • Allocation and Application of Collections Any provisions of Article 4 of the Base Indenture and the Series 2000-1 Supplement which allocate and apply Collections shall continue to apply irrespective of the issuance of the Series 1998-1 Notes. Sections 4.1 through 4.5 of the Base Indenture shall be read in their entirety as provided in the Base Indenture, provided that for purposes of the Series 1998-1 Notes, clauses (c), (d) and (e) of Section 4.2 of the Base Indenture shall be modified as permitted by Section 11.1(f) of the Base Indenture and shall read as follows:

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • CREDITING PAYMENTS; APPLICATION OF COLLECTIONS The receipt of any Collections by Foothill (whether from transfers to Foothill by the Concentration Account or otherwise) immediately shall be applied provisionally to reduce the Obligations outstanding under SECTION 2.1, but shall not be considered a payment on account unless such Collection item is a wire transfer of immediately available federal funds and is made to the Foothill Account or unless and until such Collection item is honored when presented for payment. From and after the Closing Date, Foothill shall be entitled to charge Borrower for 2 Business Days of `clearance' or `float' at the rate set forth in SECTION 2.6(a) or SECTION 2.6(c), as applicable, on all Collections that are received by Foothill (regardless of whether forwarded by the Concentration Account Bank to Foothill, whether provisionally applied to reduce the Obligations under SECTION 2.1, or otherwise). This across-the-board 2 Business Day clearance or float charge on all Collections is acknowledged by the parties to constitute an integral aspect of the pricing of Foothill's financing of Borrower, and shall apply irrespective of the characterization of whether receipts are owned by an Obligor or Foothill, and whether or not there are any outstanding Advances, the effect of such clearance or float charge being the equivalent of charging 2 Business Days of interest on such Collections. Should any Collection item not be honored when presented for payment, then Borrower shall be deemed not to have made such payment, and interest shall be recalculated accordingly. Anything to the contrary contained herein notwithstanding, any Collection item shall be deemed received by Foothill only if it is received into the Foothill Account on a Business Day on or before 11:00 a.m.

  • Regulatory and Special Allocations Notwithstanding the provisions of Section 5.01:

  • Allocations Generally The Company’s profit and loss shall be allocated to the Member.

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • General Allocations 26 Section 6.3

  • Political Contributions The Company has not directly or indirectly, (a) made any unlawful contribution to any candidate for public office, or failed to disclose fully any contribution in violation of law, or (b) made any payment to any federal, state, local, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or permitted by the laws of the United States or any other such jurisdiction.

  • Application and Allocation of Payments (a) So long as no Default or Event of Default has occurred and is continuing, (i) payments consisting of proceeds of Accounts received in the ordinary course of business shall be applied, first, to the Swing Line Loan and, second, the Revolving Loan; (ii) payments matching specific scheduled payments then due shall be applied to those scheduled payments; (iii) voluntary prepayments shall be applied as determined by Borrower, subject to the provisions of Section 1.3(a); and (iv) mandatory prepayments shall be applied as set forth in Sections 1.3(c). All payments and prepayments applied to a particular Loan shall be applied ratably to the portion thereof held by each Lender as determined by its Pro Rata Share. As to any other payment, and as to all payments made when a Default or Event of Default has occurred and is continuing or following the Commitment Termination Date, Borrower hereby irrevocably waives the right to direct the application of any and all payments received from or on behalf of Borrower, and Borrower hereby irrevocably agrees that Agent shall have the continuing exclusive right to apply any and all such payments against the Obligations as Agent may deem advisable notwithstanding any previous entry by Agent in the Loan Account or any other books and records. In the absence of a specific determination by Agent with respect thereto (with the concurrence of Requisite Lenders), payments shall be applied to amounts then due and payable in the following order: (1) to Fees and Agent's expenses reimbursable hereunder; (2) to interest on the Swing Line Loan; (3) to principal payments on the Swing Line Loan; (4) to interest on the other Loans, ratably in proportion to the interest accrued as to each Loan; (5) to principal payments on the other Loans and to provide cash collateral for Letter of Credit Obligations in the manner described in Annex B, ratably to the aggregate, combined principal balance of the other Loans and outstanding Letter of Credit Obligations; and (6) to all other Obligations, including expenses of Lenders to the extent reimbursable under Section 11.3.

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