Commission Receivables definition

Commission Receivables means, with respect to the Borrower and Guarantors, any receivables owed to the Borrower or Guarantor by an insurance carrier for commissions and production bonuses which are recorded as an asset in the books and records of the Borrower or Guarantor.
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Commission Receivables means, collectively, all present and future rights of the Loan Parties to payment from any Specified Insurer pursuant to the Insurer Agreement arising from the sale of goods or rendition of services to customers of such Specified Insurer and such Loan Party identified as “Contract assets – commissions receivable” on the balance sheet of the Borrower and its Subsidiaries.
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Commission Receivables means all receivables of the DE Brokerage Business in existence as of the Effective Time, as reflected on the Closing Date Statement, which have been earned in accordance with GAAP, except that (i) a receivable arising from a sale of property shall be treated as a Commission Receivable only if the closing of the sale and transfer of title occur prior to the Effective Time; and (ii) a receivable arising from a lease of property shall be treated as a Commission Receivable only if the applicable lease agreement has been fully executed by all parties prior to the Effective Time and if the commission related thereto is earned prior to the Effective Time (excepting only if part of a commission is paid prior to the Effective Time but payment of a remaining portion thereof is contingent on the future payment of rent by the tenant, in which case the remaining portion of the commission as and when paid after the Effective Time shall be treated as a Commission Receivable), but in no event shall Lease Renewal Commissions be treated as a Commission Receivable. Schedule 2.5.1 sets forth a list provided by Seller of all Commission Receivables as of April 30, 1999.
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Examples of Commission Receivables in a sentence

  • In citing the work of James de Vere Allen he highlights that one reason for the broad definition during the colonial era was not only related to their geographical position per se, nor how their knowledge might have been received by the metropole, but how they saw themselves or wanted to present themselves.

  • If Epic Energy is required by law to odorise the Gas, the Shipper shall reimburse Epic Energy for all costs incurred in odorising that Gas.

  • ReplacingCDSM with an enhanced buttress would also add flexibility to the construction process, as the enhanced buttress could be built over a longer period of time.

  • With respect to the Purchase, the aggregate price to be paid by Buyer to Seller for such Purchase (the "Purchase Price") shall equal (subject to adjustment for any Purchase Price Credit adjustments described below) the product of (A) the Original Balance of such Commission Receivables on the Purchase Date, multiplied by (B) one minus a Discount Factor of 5.312% (which percentage is equal to the sum of the three-year U.S. Treasury rate on April 13, 2005 and 1%).

  • The Purchase Price shall be payable in full by Buyer to Seller on the date hereof, and shall be paid to Seller by delivery of immediately available funds to the account designated by Seller or as otherwise directed by Seller; provided, however, that notwithstanding Buyer's payment of the Purchase Price on the date hereof, the Purchase Price may be adjusted from time to time by any Purchase Price Credits described in Section 1.3 that may arise after the Purchase of the Commission Receivables.

  • It will take all necessary action to establish and maintain, irrevocably in Buyer legal and equitable title to the Commission Receivables, in each case, free and clear of any Adverse Claims other than Adverse Claims in favor of Buyer (and its assigns).

  • Marks emailed the Per-Share Purchase Price buyout calculation prepared by Little and Ward for Oliver’s shares at a rate of $3,950.15 per share price at close of business 31 December 2019, which did not include Open-Rep Commission Receivables.

  • A strengthening of the US dollar against Sterling would have an adverse impact on reported losses and the Group’s financial position.

  • Seller shall promptly remit to Buyer, for the purposes of netting Commission Receivables and Commission Payables, any proceeds of any of the Commission Receivables realized after the Closing by Seller.

  • Seller now owns the right to receive certain commission payments listed in Exhibit II hereto (the "Commission Receivables") from Hyundai Mipo Dockyard Co., Ltd.


More Definitions of Commission Receivables

Commission Receivables shall have the meaning set forth in Section 2.5.1.
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Related to Commission Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Collection Records means all manually prepared or computer generated records relating to collection efforts or payment histories with respect to the Receivables.

  • Collection site means the location of waste containers on collection day.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Originators have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by the Acquired Companies, on the one hand, from Seller or any of its Affiliates (other than the Acquired Companies), on the other hand.

  • Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • CPS means Consumer Portfolio Services, Inc., a California corporation and its successors.

  • Government Receivable means a Receivable, the Obligor of which is a government or a governmental subdivision or agency.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Eligible Accounts Receivable means only such accounts receivable of the Borrower as the Bank, in its sole discretion, shall deem eligible. Without limiting the discretion of the Bank to consider any account receivable not to be an Eligible Account Receivable, and by way of example only of the types of accounts receivable that the Bank will consider not to be Eligible Accounts Receivable, notwithstanding any earlier classification of eligibility, the following accounts receivable shall not be considered Eligible Accounts Receivable: (i) any account receivable which is not paid in full within 90 days after it is created; (ii) any account receivable as to which any warranty is breached; (iii) any account receivable as to which the account debtor or other obligor disputes liability or makes any claim; (iv) any account receivable owed by any officer, director or shareholder of the Borrower or any of their relatives or any partnership, corporation, association, joint venture or other business entity wholly or partly owned or controlled directly or indirectly by the Borrower or any of them or any of their relatives; (v) any account receivable owed by any person as to whom a petition in bankruptcy or other application for relief is filed under any bankruptcy, reorganization, receivership, moratorium, insolvency or s law; (vi) any account receivable owed by any person who makes an assignment for the benefit of creditors, becomes insolvent, fails, suspends business, or goes out of business; (vii) any account receivable owed by the United States government or any agency of the United States government; (viii) any account receivable owed by any person if 10% or more in amount of the accounts receivable owed by such person to the Borrower are considered ineligible; (ix) consignment receivables; (x) bonded receivables; (xi) any account receivable constituting a retainage; (xii) any account receivable for goods which have not been shipped or work which has not been fully performed; (xiii) any account receivable owed by any person outside the United States of America, except account debtors approved in writing by the Bank (approved foreign account debtors are described on Exhibit B) ; (xiv) any account receivable owed by any person with whose creditworthiness the Bank becomes dissatisfied; and (xv) any account receivable in which the Bank does not have a perfected security interest constituting a first hen. In the event the Borrower owes any amount to any person that owes an account receivable to the Borrower, such amount owed by the Borrower shall be deducted from that portion of the account receivable which would otherwise qualify as an Eligible Account Receivable and only the difference thereof shall be considered an Eligible Account Receivable. No account receivable which does not qualify as an Eligible Account Receivable shall be considered an Eligible Account Receivable unless the Bank, upon the written request of the Borrower, states in writing that such account receivable is to be considered an Eligible Account Receivable.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Schedule of Receivables means the Schedule of Receivables sold and transferred pursuant to this Agreement which is attached hereto as Schedule A.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.