Overriding Commission definition

Overriding Commission means GSA commission on the Base Fare aggregated from sales made thru Sales Channels in the territory of United Arab Emirates .
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Overriding Commission means the overriding commission payable in accordance with Clause 6, the amount of which shall be calculated in accordance with Schedule 1; Period means the period beginning at 12:01 am BST on 1 July 2007 and ending at 12.01 a.m. BST on 1 January 2008; Pool Members’ Agreement means the Agreement between GAI, Global and various insurance companies and reinsurance companies including National Indemnity, Munich Re and Converium dated 27 November 2002 for the formation of an aviation and aerospace underwriting pool under the management of Global and GAI; Premium shall have the meaning given to it in Clause 5.1; profit shall mean, subject to the provisions of Schedule 4 or Schedule 5, for the purposes of Clauses 13.5, 13.12 to 13.14, 14.5 and 14.12 to 14.14:
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Examples of Overriding Commission in a sentence

  • This Schedule sets out further terms and principles applicable to the calculation and payment of Overriding Commission in accordance with Clause 6.

  • The receipt of Overriding Commission by Munich Re or National Indemnity in respect of Fronting Insurance Contracts written by members of such person’s Group shall discharge Converium’s obligations in respect thereof and Converium shall not be concerned as to the application of such amounts.

  • That portion of the commission which the general agent or supervising agent keeps is termed the "overriding commission." The terms Overriding Commission and Overwriting Commission are interchangeable.

  • The Company shall pay to the Reinsurer on each amount ceded under this Agreement a pro rata share of the Company's Original Net Premiums received by the Company on the business covered hereunder less 6.50% Overriding Commission allowed to the Company.