Common use of Subsequent Commissions Clause in Contracts

Subsequent Commissions. In addition to the Initial Commission, the Additional Selling Agent shall receive additional selling commissions (“Subsequent Commissions”) from SUSA, equal to one twelfth of the Annual Percentage set forth in Paragraph 2 below, which payment of the Subsequent Commissions shall commence no later than the 20th calendar day of the month following the month in which the full Initial Commission is paid, but in no event earlier than the thirteenth full month after the sale of applicable Units. Provided, however, that the total of the Subsequent Commissions plus the Initial Commission shall not exceed 10% of applicable Units’ initial sale price. Any such commissions will be paid by SUSA and not directly by the Partnership, although they may be deemed to constitute underwriting compensation, and the Additional Selling Agent agrees that it will look only to SUSA for the payment of any Commissions due the Additional Selling Agent hereunder and will not seek payment of any such Commissions from the Partnership.

Appears in 2 contracts

Samples: Selling Agent Agreement (Superfund Green, L.P.), Additional Selling Agent Agreement (Quadriga Superfund)

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Subsequent Commissions. In addition to the Initial Commission, the Additional Intermediary Selling Agent shall receive additional selling commissions (“Subsequent Commissions”) from SUSA, equal to one twelfth of the Annual Percentage set forth in Paragraph 2 below, which payment of the Subsequent Commissions Commission shall commence no later than the 20th calendar day of the month following the month in which the full Initial Commission is paid, but in no event earlier than the thirteenth full month after the sale of applicable Units. Provided, however, that the total of the Subsequent Commissions plus Commissions, the Initial Commission and any commissions paid to the Additional Selling Agent shall not exceed 10% of applicable Units’ initial sale price. Any such commissions commission will be paid by SUSA and not directly by the Partnership, although they may be deemed to constitute underwriting compensation, and the Additional Intermediary Selling Agent agrees that it will look only to SUSA for the payment of any Commissions due the Additional Intermediary Selling Agent hereunder and will not seek payment of any such Commissions from the Partnership.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

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Subsequent Commissions. In addition to the Initial Commission, the Additional Intermediary Selling Agent shall receive additional selling commissions (“Subsequent Commissions”) from SUSASXX, equal to one twelfth of the Annual Percentage set forth in Paragraph 2 below, which payment of the Subsequent Commissions Commission shall commence no later than the 20th calendar day of the month following the month in which the full Initial Commission is paid, but in no event earlier than the thirteenth full month after the sale of applicable Units. Provided, however, that the total of the Subsequent Commissions plus the Initial Commission shall not exceed 10% of applicable Units’ initial sale price. Any such commissions commission will be paid by SUSA SXX and not directly by the Partnership, although they may be deemed to constitute underwriting compensation, and the Additional Intermediary Selling Agent agrees that it will look only to SUSA SXX for the payment of any Commissions due the Additional Intermediary Selling Agent hereunder and will not seek payment of any such Commissions from the Partnership.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

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