Commission Payment Date definition
Examples of Commission Payment Date in a sentence
If on any Commission Payment Date, the amount of total Commissions accrued and payable to Affiliate is less than $10.00, then such accrued and payable balance shall be held over to the following month, and paid together with the Commissions due for that month.
Accrued Commitment Commission shall be due and payable quarterly in arrears on each Commitment Commission Payment Date and on the Availability Termination Date (or such earlier date upon which the unutilized Total Commitment is terminated).
American Equity shall pay to AEISC general agency reimbursement commissions ("Reimbursement Commissions") with respect to all Voided Eligible Contracts (as defined below) no later than 10:00 a.m., Central Standard Time, on each Commission Payment Date in an amount equal to the aggregate of the AEISC Amounts of such Voided Eligible Contracts.
If on any Commission Payment Date, the amount of total Commissions accrued and payable to Affiliate is less than $20.00, then such accrued and payable balance shall be held over to the following month and paid together with the Commissions due for that month.
The first such fee payable by the Company on the Issue Date of the relevant Bond shall be for the period commencing on (and including) the Issue Date up to (but excluding) the next following Commission Payment Date.
Commission Payment Date - shall mean forty-five days subsequent to the close of a billing cycle.
If the Issue Date of a Bond does not occur on the Acceptance Date or a Commission Payment Date, the Company shall pay the first such fee on the Issue Date of the relevant Bond for the period commencing from the Issue Date up to (but excluding) the next following Commission Payment Date.
The determination of Commission Accumulated Value for purposes of the preceding sentence shall made in each case as of the preceding Commission Payment Date.
If on any Commission Payment Date, the amount of total Commissions accrued and payable to Affiliate is less than $100.00, then such accrued and payable balance shall be held over to the following month, and paid together with the Commissions due for that period.
If on any Commission Payment Date, the amount of total Commissions accrued and payable to Affiliate is less than $50, then such accrued and payable balance shall be held over to the following month, and paid together with the Commissions due for that month.