Common use of Prohibited Provisions Clause in Contracts

Prohibited Provisions. Except as otherwise provided in paragraph (d), clause (2), licensees shall not include in a listing agreement a holdover clause, automatic extension, or any similar provision, or an override clause the length of which is more than six months after the expiration of the listing agreement.

Appears in 13 contracts

Sources: Listing Agreement, Listing Agreement, Listing Agreement

Prohibited Provisions. Except as otherwise provided in subdivision 4, paragraph (d), clause (2b), licensees shall not include in a listing agreement a holdover clause, automatic extension, or any similar provision, or an override clause the length of which is more than six months after the expiration of the listing agreement.

Appears in 1 contract

Sources: Listing Agreement