Club Commission(s) definition

Club Commission(s) means that certain quarterly commission payment in the amount of $18.75 made by DRIC, operating as The Club®; to the Borrower pursuant to the Club Commission Agreement, for each Club/PMR Active Owner, payable to Administrative Agent, for the benefit of each Lender, quarterly in arrears, provided that such Club/PMR Active Owner has made its required payments to The Club®. The Club Commission will be payable for each Club/PMR Active Owner who comes into The Club® as a Club/PMR Active Owner (i) that upgrades by purchasing a membership in The Club®, or (ii) who doesn't upgrade but joins The Club® with The Club® overlay. The Club Commission will not be payable for any Club/PMR Active Owner who already is a member of The Club®.
Sample 1

Examples of Club Commission(s) in a sentence

  • While Choice Hotels will pay Club Commissions on all consumed bookings up to the date of termination of an Agreement, it will not pay Club Commissions on forward bookings.

  • ChoiceHotels will issue Recipient Created Tax Invoices (“RCTIs”) or Recipient Created Adjustment Notes (“RCANs”) in respect of the supply of Club Commissions to Clubs by Choice Hotels.

Related to Club Commission(s)

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Commission Share means each C share issued under circumstances which would normally give rise to an obligation of the holder of such share to pay a CDSC upon redemption of such share (including, without limitation, any C share issued in connection with a permitted free exchange), and any such share shall continue to be a Commission Share of the applicable Fund prior to the redemption (including a redemption in connection with a permitted free exchange) or conversion of such share, even though the obligation to pay the CDSC may have expired or conditions for waivers thereof may exist.

  • the Commission means the Charity Commission for England and Wales;

  • Canadian Securities Commissions means the securities regulatory authorities in each of the Qualifying Jurisdictions;

  • City Commission means the legislative body of the City of Miami.

  • Finance commission means the Finance Commission of Texas.

  • Tax Commission means the Oklahoma Tax Commission;

  • Planning Commission means the Planning Commission of the City.

  • Commissions means the Commissions with Jurisdiction over the Issuer (as defined on page 4) and the securities commissions incorporated in the definition of this term in other parts of the Subscription Agreement;

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Commission means the Securities and Exchange Commission.

  • Securities Commission means the applicable securities commission or regulatory authority in each of the Qualifying Jurisdictions;

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • Club Rules means such rules and regulations set down by the Manager (with the approval of the Owners’ Committee, (if any)) from time to time with specific application to the Club House and the use and enjoyment thereof;

  • Highway authority means the state highway commission, a board of county road commissioners or the governing body of a city or village.

  • Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15.

  • County commission means the board of county commissioners of the county.

  • statutory authority means Central or State Government, quasi-Government, administrative, judicial, public or statutory body, department, instrumentality, agency, authority, board entrusted with and carrying any statutory functions, as required from time to time in connection with performance by the Preferred Bidder of its obligations hereunder;

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Investment opportunity means anything, tangible or intangible, that is offered, offered for sale, sold, or traded based wholly or in part on representations, either express or implied, about past, present, or future income, profit, or appreciation.

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.