PLEASE INITIAL THE BOXES BELOW Sample Clauses
The 'PLEASE INITIAL THE BOXES BELOW' clause requires parties to physically mark their initials in designated boxes within the document to indicate their acknowledgment and agreement to specific terms or sections. This process typically applies to particularly important, sensitive, or non-standard provisions, ensuring that each party has specifically reviewed and accepted those parts. By requiring initials, the clause helps prevent disputes over whether a party was aware of or consented to certain terms, thereby enhancing clarity and evidentiary certainty in the agreement.
PLEASE INITIAL THE BOXES BELOW. By initialing below, Broker represents, warrants and covenants, with respect to every loan file submitted to Sierra, as of the date of submission, and at all times thereafter, as provided below: Any and all of Broker’s compensation plans for its loan officers are fully compliant with the requirements of the Compensation Rules None of Broker’s compensation agreements are based on any term or condition of any particular loan or transaction other than the loan amount, or any “proxy” for any term or condition of any loan or transaction, as such terms are used in the Compensation Rules, including by way of example but not limitation, LTV, existence or lack of a prepayment penalty, program type (FHA, VA, conventional), interest rate or APR, consumer’s credit score, purchase vs. refinance, 1st vs. 2nd lien and similar items. For every loan where any compensation is paid directly by the consumer, as such phrase is used in the Compensation Rules, compensation to Broker’s loan officers, compensation reductions are not / were not based on a loan term or a proxy for a loan term. For every loan where compensation is NOT paid directly by the consumer, as such phrase is used in the Compensation Rules, Sierra will pay solely on a fixed percentage of the loan amount, subject to any fixed minimum or maximum dollar limits established by Sierra in advance. For every loan where compensation is NOT paid directly by the consumer, as such phrase issued in the Compensation Rules, neither Broker nor any of its loan officers will receive compensation from any other person or entity in connection with that loan. Broker will include with every loan file submitted to Sierra, factual documentation of compliance with the safe harbor and anti-steering provisions of the Compensation Rules, including copies of an executed Loan Options Disclosure. Records of compensation policies and of the loan-level compensation paid to loan originators will be retained for a minimum of five (5) years or such longer period as may be required by law. At any time upon reasonable request, Broker will provide Sierra the ability to access and copy all such records for the purposes of determining compliance, or provide copies as requested for purposes of conducting an audit for compliance with loan officer compensation laws or as part of any audit or exam conducted by a federal or state examiner.
PLEASE INITIAL THE BOXES BELOW. Consignor wishes to sell a certain product(s), which shall hereinafter be referred to generally as “products” on consignment. Consignee wishes to sell the product(s) on behalf of the consignor, including accepting delivery of the product(s) and making proper payment to consignor once the sale of the product(s) is complete. Unless otherwise specified, ▇▇▇▇▇▇▇▇▇ agrees that there are no written promises made as to the value and amount each item(s) will make. Consignor owns item(s) or has the authority to sell item(s) that have been brought to BidMore2Win. Consignee grants the “right to sell the product(s)” to the consignor. Title of the product(s) will remain with the consignor until the product(s) is purchased. Consignee shall not be liable for any loss or damage occurring to the product(s) if it is damaged before sale, regardless of whether it is in the control of the consignee. Each party hereby agrees to indemnify and hold harmless the other party, their employees and representatives against any and all damage, liability and loss, as well as legal fees and costs incurred that may arise or otherwise relate to this agreement. This clause shall not be read to provide indemnification for any party in the event that a competent court of law rendering a final judgment holds that the bad faith, gross negligence or willful misconduct of the party caused the damage, lability or loss. This agreement is valid anytime the consignor has product)s) at the BidMore2Win Auction House, and shall be valid until December 31 of the Current Year. This consignment agreement must be renewed each calendar year by the Consignee and the Consignor. Fees charged on a per item basis. Consignment minimum of $3.50 per lot. This means that a $3.50 consignment fee will be added whether your item sells or not. On items sold, this is not in addition to the percentage but goes toward the percentage. Payout will be given the Tuesday after the close of the auction. Item Highest Bid Amount Commission Rate CONSIGNMENT FEE (Per LOT) $.50 (in addition to base commission) $2.00-$100.00 30% (After $3.50 minimum met) $100.01-$500.00 25% $500.01-$1,000.00 20% Greater than $1,000.00 15%