Common use of The Split Clause in Contracts

The Split. For each item of Property, Owner will be credited with 50% of the first $1,000 of the Winning Bid and 75% of the Winning Bid portion, if any, that exceeds $1,000. From this amount, the Owner’s pro rata share of transaction fees (the "Processing Costs"), if any, will be deducted. transaction.Other than the Fuel Surcharge described in Section 3, below, Processing Costs are the only costs credited against the Owner’s Net Proceeds. All other services are provided at no charge including but not limited those set out in Exhibit A, a copy of which is attached hereto and incorporated by reference herein.