Deal Payment definition

Deal Payment refers to the cash consideration owed by a Brand to an Athlete, Entertainer, Musician, Model per the terms of a Sponsorship Contract. Unless otherwise agreed in writing by all parties (including BallyWhoo), we will charge the Brand credit card on file for all Deal Payments and will hold Deal Payments in escrow pending completion of the relevant campaign. BallyWhoo Commission. All cash and cryptocurrency payments between Brand and Athletes, Entertainers, Musicians’ Models who have met through the Service (including but not limited to Deal Payments) are subject to a commission payable to BallyWhoo (a “Commission”) for one year after the last communication (e.g. application, invite, or message) between the parties via the Service. No commission will be collected on deals where payment is in the form of a product.
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Examples of Deal Payment in a sentence

  • If Adjusted EBITDA equals or exceeds $4,500,000 for the Final Earnout Period, Buyer shall pay to Sellers an amount, if positive, equal to (i) 50% of the New Deal Activity for the Final Earnout Period minus (ii) the portion, if any, of the New Deal Payment Advance not taken into account under Section 3.6(a) to determine the Initial New Deal Payment, within 90 days following the end of the Final Earnout Period and otherwise pursuant to the procedures outlined in Section 3.5(d) above.

  • Each Supplier shall ensure, in respect of each Green Deal Plan, that it securely maintains a historical record of all Green Deal Payments recovered, held and remitted under this Agreement and that such records are fully auditable, so that a full historical record is maintained for a period of no less than [forty (40)] months following the date the last Green Deal Payment was remitted by it.