LEASING COMMISSIONS DEPOSIT Sample Clauses

LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Forty Two Thousand One Hundred Fourteen and no/100 Dollars ($42,114.00) is hereby referred to as the "LEASING COMMISSIONS DEPOSIT." The Leasing Commissions Deposit is a reserve for leasing/brokerage commissions attributable to the Vacant Spaces in the following amounts: Suite No. 218 2,210 Sq. Ft. $ 33,150.00 Suite No. 230 1,460 Sq. Ft. $ 21,900.00 Suite No. 234 1,700 Sq. Ft. $ 25,500.00 Suite No. 246 1,360 Sq. Ft. $ 20,400.00 Suite No. 250 2,000 Sq. Ft. $ 30,000.00 Suite No. 266 2,000 Sq. Ft. $ 30,000.00 Suite No. 274 3,308 Sq. Ft. $ 49,620.00 Portions of the Leasing Commissions Deposit attributable to the above referenced Vacant Spaces shall be released to HTC from the Escrow Deposit by Escrow Agent upon the joint direction of HTC and Inland accompanied by signed lien waivers and invoices from the applicable real estate brokers and when the tenant of such store space has taken possession of same, opened for business and commenced paying rent on a current basis. The portion of the Leasing Commissions Deposit attributable to a particular Vacant Space may not be reallocated by HTC to a different Vacant Space. Any portion of the Leasing Commissions Deposit remaining on the Termination Date shall be released to Inland.
Sample 1
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LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of $9,912.00 is hereby referred to as the “Leasing Commissions Deposit.” The Leasing Commissions Deposit is a reserve for leasing/brokerage commissions attributable to the Earnout Spaces as shown on Exhibit A. Portions of the Leasing Commissions Deposit attributable to the above referenced Earnout Spaces shall be released to Seller from the Escrow Deposit by Escrow Agent at such time as (a) execution of a lease of a portion of the Earnout Space approved by Purchaser, (b) satisfaction or waiver or any and all contingencies to the effectiveness of such lease and (c) notice to Purchaser; then the Escrow Agent shall disburse to Seller (or directly to the broker(s) if so directed by Seller) one-half (1/2) of the portion of the Leasing Commissions Deposit allocable to such Earnout Space. If and at such time as rent commences under such lease and Purchaser has received the first month’s rent under such lease; then the Escrow Agent shall disburse to Seller (or directly to the broker(s) if so directed by Seller) the other one-half (1/2) of the portion of the Leasing Commissions Deposit allocable to such Earnout Space. The portion of the Leasing Commissions Deposit attributable to a particular Earnout Space may not be reallocated by Seller to a different Earnout Space. Any portion of the Leasing Commissions Deposit remaining on the Termination Date shall be released to Purchaser and all accrued interest shall be disbursed to Seller.
Sample 1
LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified in footnote (8) of the Closing Statement as the sum of Twenty-Four Thousand One Hundred Twenty-Six and no/100 Dollars ($24,126.00) is hereby referred to as the "LC Deposit." The LC Deposit is applicable to the Vacant Space calculated on the basis of the product of Three and no/100 Dollars ($3.00) per square foot of the vacant space plus the 1,677 square feet leased to Diamond Source, plus the sum of Eight Thousand Eight Hundred Fifty and no/100 Dollars ($8,850.00) as and for leasing commissions for the Pro Tan space (collectively, "LC"). The LC shall be released from the Escrow Deposit by Escrow Agent upon the joint direction of Seller and Buyer accompanied by signed lien waivers and invoices from the applicable real estate brokers. As each portion of the Vacant Space is leased to tenants during the 1-year period following the date of Closing, and the Tenant Conditions are fulfilled as to such tenant(s), the amount of non-allocated LC Deposit attributable to each of such space(s) shall then be released to Seller upon the joint direction of Seller and Buyer. Any non-allocated LC Deposit remaining on the one-year anniversary following the date of Closing, for any Vacant Space, shall be released to Buyer.
Sample 1
LEASING COMMISSIONS DEPOSIT. That portion of the Escrow Deposit identified as the sum of Sixty Nine Thousand One Hundred Five and no/100 Dollars ($69,105.00) is hereby referred to as the "LEASING COMMISSIONS DEPOSIT." The Leasing Commissions Deposit is a reserve for leasing/brokerage commissions attributable to the Vacant Spaces in the following amounts: SUITE # SQUARE FEET AMOUNT ------- ----------- ------ 05-02 2,345 $ 7,035 05-08 5,579 $ 16,737 05-14 1,500 $ 4,500 05-15 6,486 $ 19,458 05-24A 2,088 $ 6,264 05-24B 5,037 $ 15,111 ----------------------------- 23,035 $ 69,105 ============================= The Escrow Agent shall disburse within 10 days of request for disbursement to the procuring real estate broker a leasing commission for each approved lease of Vacant Space upon Escrow Holder's receipt of notice signed by RED that such commissions have been earned and are payable pursuant to the terms of the applicable commission agreement with respect to the applicable approved lease. Such notice shall be in the form of EXHIBIT B attached hereto and shall be executed by RED and approved by Inland (such approval not to be unreasonably withheld, conditioned or delayed). If no Leasing Commissions are due or owing on the Termination Date and all leasing commissions have been paid for all of the Vacant Spaces, any remaining Leasing Commission Deposit shall be released to RED and RED shall have no further obligation whatsoever as to such Leasing Commissions for the Property. If at Termination, Leasing Commissions are pending due to requirements that Tenant open for business or other such requirements, or no leasing commission is owing due to no executed lease as to the Vacant Space, the applicable Leasing Commissions shall either continue to be escrowed until paid, or any remaining funds shall be paid to Inland as the case may be and RED shall have no further obligation whatsoever as to such Leasing Commissions for the Property. In no event shall RED be required to replenish the Leasing Commission Deposit escrow.
Sample 1

Related to LEASING COMMISSIONS DEPOSIT

  • Leasing Commissions On or before the Closing Date, Seller shall pay in full all leasing commissions due to leasing or other agents for the current remaining term of the Lease (determined without regard to any unexercised termination or cancellation right).

  • Excess Brokerage Commissions The Adviser is hereby authorized, to the fullest extent now or hereafter permitted by law, to cause the Corporation to pay a member of a national securities exchange, broker or dealer an amount of commission for effecting a securities transaction in excess of the amount of commission another member of such exchange, broker or dealer would have charged for effecting that transaction, if the Adviser determines in good faith, taking into account such factors as price (including the applicable brokerage commission or dealer spread), size of order, difficulty of execution, and operational facilities of the firm and the firm’s risk and skill in positioning blocks of securities, that such amount of commission is reasonable in relation to the value of the brokerage and/or research services provided by such member, broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Corporation’s portfolio, and constitutes the best net results for the Corporation.

  • CEDING COMMISSION A. The Reinsurer shall allow the Company a provisional ceding commission of 32.0% of all Net Earned Premium ceded to the Reinsurer hereunder. The Company shall allow the Reinsurer return commission on return premiums at the same rate.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Leasing Costs The Sellers shall be responsible for all Leasing Costs that are payable by reason of (i) the execution of an “Existing Lease” (i.e., a Lease existing as of the date of this Agreement) prior to the date of this Agreement, (ii) the renewal, extension, expansion of, or the exercise of any other option under, an Existing Lease, prior to the date of this Agreement, and (iii) amendments of an Existing Lease entered into prior to the date of this Agreement. If the Closing occurs, the Buyer shall be responsible for all Leasing Costs (including commissions to the Sellers’ in-house leasing agents that are customary arms-length terms that would otherwise be negotiated with a third-party leasing agent) that become due and payable as a result of (1) any New Leases, (2) amendments entered into during the Interim Period in accordance with this Agreement to renew, extend, expand or otherwise amend Existing Leases or New Leases, or (3) any renewals, extensions or expansions of, or the exercise of any other option under, Existing Leases or New Leases exercised by tenants during the Interim Period or on or after the Closing Date; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. In addition, the Buyer shall assume the economic effect of any “free rent” or other concessions pertaining to the period from and after the Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. If, as of the Closing Date, the Sellers shall have paid any Leasing Costs for which the Buyer is responsible pursuant to the foregoing provisions, the Buyer shall reimburse the Sellers therefor at Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. The Sellers shall pay (or cause to be paid), prior to Closing, or credit the Buyer at Closing (to the extent unpaid) all Leasing Costs for which the Sellers are responsible pursuant to the foregoing provisions, and (subject to the reimbursement obligations set forth above), the Sellers shall pay (or cause to be paid) when due all Leasing Costs payable after the date of this Agreement and prior to Closing. Notwithstanding anything to the contrary, (a) the Buyer shall receive a credit at Closing for any unfunded contractual Leasing Costs and (b) the Sellers shall be responsible (and the Buyer shall not be responsible) for any leasing commissions or brokerage fees which become due and payable after the Closing pursuant to any leasing or brokerage agreement relating to the Properties, including the Leasing and Brokerage Agreements, except as specifically set forth in Section 3.3(g)(ii). In addition to the foregoing, at Closing, the Buyer shall be responsible (and shall reimburse the Sellers at Closing) for the leasing commissions, tenant improvement costs and concessions for the Leases and the amounts set forth on Schedule 3.3(g)(ii) attached hereto. For purposes hereof, the term “Interim Period” shall mean the period from the date of this Agreement until the Closing Date. On the Closing Date, the Sellers shall deliver to the Buyer all Lease Termination Payments received by or on behalf of the Sellers from and after the date hereof, except, however, the Buyer acknowledges approval of the Leases referenced on Schedule 3.3(g)(ii).

  • Commitment Commission (a) The Borrower agrees to pay the Facility Agent for distribution to each Non-Defaulting Lender a commitment commission (the “Commitment Commission”) for the period from the Effective Date to and including the Commitment Termination Date (or such earlier date as the Total Commitment shall have been terminated) computed at a rate for each day equal to 0.375 multiplied by the Applicable Margin multiplied by the Commitment for such day of such Non-Defaulting Lender divided by 360. Accrued Commitment Commission shall be due and payable quarterly in arrears on each Payment Date and on the Borrowing Date corresponding to the second Delivery Date to occur (or such earlier date upon which the Total Commitment is terminated).

  • Finders; Brokers Buyer is not a party to any agreement with any finder or broker, or in any way obligated to any finder or broker for any commissions, fees or expenses, in connection with the origin, negotiation, execution or performance of this Agreement.

  • Commission Payments A. Broker/Dealer shall be entitled to receive a commission based upon premiums received and accepted by the Insurer for Contracts issued pursuant to this Agreement, based on the applicable rate of commission set forth in the Commission Schedule attached hereto as Exhibit 1 which is incorporated herein by reference. Broker/Dealer shall be solely responsible for the payment of any commission or consideration of any kind to Subagents.

  • Payment of Commissions Payments of selling commissions and any other fees due to the Dealer pursuant to this Agreement will be made by the Dealer Manager to the Dealer. Selling commissions and such other fees due to the Dealer pursuant to this Agreement will be paid to the Dealer within 30 days after their receipt by the Dealer Manager. The Dealer, in its sole discretion, may authorize the Dealer Manager to deposit selling commissions and any other payments due to it pursuant to this Agreement directly to its bank account. If the Dealer so elects, the Dealer shall provide such deposit authorization and instructions in Schedule 2 to this Agreement. Notwithstanding anything to the contrary contained herein, in the event that the Dealer Manager has reallowed any selling commissions or fees to the Dealer for a sale of one or more Shares and the subscription is rescinded as to one or more of the Shares covered by such subscription, the Dealer shall decrease the next reallowance of selling commissions or payment of other compensation otherwise payable to the Dealer by the Dealer Manager under this Agreement by an amount equal to the selling commissions or fees paid to the Dealer for the sale of the Shares as to which the subscription is rescinded. In the event that no reallowance of selling commissions or payment of other compensation is due to the Dealer Manager after such rescinded subscription occurs, the Dealer shall pay the amount specified in the preceding sentence to the Dealer Manager within seven (7) days following receipt of notice by the Dealer from the Dealer Manager stating the amount owed as a result of rescinded subscriptions.

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