Non-Broker Transaction Clause Samples
Non-Broker Transaction. SWGE shall have the right to purchase grain in situations where Palmetto is not involved in the transaction and Palmetto cannot charge a Brokerage Fee under this Agreement (“Non-Broker Transaction”). In Non-Broker Transactions, SWGE does not owe Palmetto Grain Brokerage a brokerage fee for any grain that SWGE buys direct.
Non-Broker Transaction. FUEL shall have the right to purchase grain in situations where Palmetto is not involved in the transaction and Palmetto cannot charge a Brokerage Fee under this Agreement (“Non-Broker Transaction”). In Non-Broker Transactions, FUEL shall pay Palmetto a fee of one cent ($0.01) per bushel of grain purchased (“Non-Participating Broker Fee”) by FUEL in such Non-Broker Transaction. Palmetto has the right to make reasonable inquiry and require reasonable assurances that FUEL is complying with this Section 3.7 and that all Non-Participating Broker Fees are paid by FUEL. These inquiries shall be made in compliance with Section 8.1.