Broker Payments definition

Broker Payments means amounts related to the monthly management fees, the technology fees, broker service fees, advertising fund fees, and any other fees or other amounts due and payable to any Seller under any Franchise Agreement.
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Examples of Broker Payments in a sentence

  • The Parties shall deliver the following to ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Raysman & ▇▇▇▇▇▇▇ LLP (the “Law Firm”) by April 30, 2008: (i) the Seller shall deliver certificates (the “Certificate(s)”) evidencing all of the Seller Shares together with duly executed, medallion-guaranteed Stock Powers with respect thereto; and (ii) the Purchaser shall deposit by wire transfer the Escrow Deposit and the Broker Payments (as defined in Section 8).

  • Except for Broker Payments, neither the Company, nor any of the Employees or the Subsidiaries, has employed or made any agreement with any broker, finder or similar agent or any Person, which will result in the obligation of the Company or any of the Subsidiaries or the Purchaser to pay any finder’s fee, brokerage fees or commission or similar payment in connection with the Transaction contemplated hereby.

  • RE/MAX will act in good faith and use commercially reasonable efforts consistent with Seller’s past practice in Seller’s collection of such Broker Payments.

  • Also, on the last Business Day of January 2018, Seller shall pay to RE/MAX an amount equal to all of the Broker Payments collected by Seller on behalf of Buyer attributable only to the calendar month of December 2017.

  • Notwithstanding the foregoing, so long as no P▇▇▇▇ Default has occurred and is continuing, Wilton Funding may, from time to time, pay or cause to be paid to Broker, and Broker may accept and retain, payment of all Broker Payments, as and at the time when each of the same is due and payable hereunder and in accordance with and subject to the provisions of the Credit Agreement.

  • The Sellers jointly and severally represent and warrant that neither the Sellers nor any of their employees, shareholders or any subsidiary has employed or made any agreement with any broker, finder or similar agent or any person or firm, which will result in the obligation of the Company or any Subsidiary or the Purchaser to pay any finder’s fees, brokerage fees or commission or similar payment in connection with the Transaction contemplated hereby except for the Broker Payments.

  • The Sellers shall be responsible for the Broker Payments in proportion to their respective Seller Percentages.

  • The Escrow Deposit together with the Broker Payments and Certificates are hereinafter referred to as the “Escrow Deposits”.

  • In accordance with the terms and subject to the conditions of the Purchase Agreement and to induce the consummation of the transactions contemplated thereby, the Parties agree to deliver the following to the Escrow Agent on April 30, 2008: (i) the Purchaser shall deposit the Escrow Deposit and the Broker Payments by wire transfer to Escrow Agent and (ii) the Seller shall deliver the Certificates to the Escrow Agent.

  • Buyer will act in good faith and use commercially reasonable efforts consistent with Seller's past practice in Seller’s collection of such Broker Payments.

Related to Broker Payments

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Payments has the meaning set forth in Section 6.12.1.

  • Termination Payments has the meaning specified in Section 10(a).

  • Broker Fee shall have the meaning ascribed to such term in Section 2(b)(v).