Minimum Commission definition

Minimum Commission means the minimum commission as specified in the Application.
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Minimum Commission. The consignor agrees to pay a $10.00 minimum commission fee for any items sold.
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Minimum Commission shall be equal to the MRR for April 2023 multiplied by thirty-five percent (35%); that result multiplied by twelve (12). By way of example only, if the MRR for April 2023 is $100,000, the Minimum Commission would be $420,000; the formula is $100,000 x .35 x 12 = $420,000.
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Examples of Minimum Commission in a sentence

  • If the Rent and Commission together is less than the Minimum Commission amount, the Licensee shall pay the balance up to the Minimum Commission amount.

  • Upon Seller’s reasonable request Buyer will provide Seller with information that will enable Seller to confirm Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission.

  • Seller, with reasonable notice to Buyer, may during normal business hours conduct audits of the books and records of Buyer to confirm Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission (each an “Audit”).

  • Buyer will keep and preserve accurate records of each transaction relating to Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission for the longer of (i) the minimum period required by Applicable Law, and (ii) two years following the applicable transaction.

  • The preceding sentence does not limit LE’s ability to adjust order volume, subject to its obligation for the Minimum Commission.

  • At the conclusion of the Event, if the total Commission received by Northlands exceeds the Minimum Commission, Northlands shall keep the total Commission and shall refund the Rent to the Licensee.

  • To be eligible for the Kenmore Royalty Credit for a Buyer fiscal quarter Buyer will during the fiscal quarter pay the Franchisees and the owners of the Sears Hometown Stores the Average Aggregate Minimum Commission Rate specified on Appendix 5(d) on sales of Kenmore-Branded Products.

  • The General Agent shall be allowed to withhold commission at the Provisional Commission percentage and earn commission at the Minimum Commission rate as set forth in the Quota Share Agreement.

  • SHGS further acknowledges and understands that: (i) Subject to its obligation to pay the Minimum Commission, LE is not obligated to purchase any quantity of Merchandise from any Seller identified by SHGS and (ii) LE has the right to reject any Seller and restrict SHGS’s dealing with those Sellers deemed acceptable to LE to the extent it involves procurement of Merchandise for LE under this Agreement.

  • At the conclusion of the Event, if the total Commission received by Explore Edmonton exceeds the Minimum Commission, Explore Edmonton shall keep the total Commission and shall refund the Rent to the Licensee.


More Definitions of Minimum Commission

Minimum Commission means $0.
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Minimum Commission shall have the meaning set forth in Section 2.4(e) hereof.
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Minimum Commission means, with respect to any Calculation Period, the sum of $100,000. You further agree that we may, at our option, charge the amount of the Shortfall at any time owing to us to your account with us. At your request and as an accommodation to you, we hereby agree that, notwithstanding the foregoing, so long as you are in compliance with all of the terms and conditions of this Agreement and all related documents and no default or event of default has occurred hereunder or thereunder:
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Related to Minimum Commission

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

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

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Selling Commission means three percent (3.0%) 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.