Purchase Commission definition
Examples of Purchase Commission in a sentence
Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the relevant Facility Company monthly in arrears on the last Business Day of each month.
On the first Business Day immediately following the Trade Date (such day, the “Initial Settlement Date”), the Seller shall deliver the Number of Shares to the Purchaser, upon payment by the Purchaser of (i) an amount equal to the Initial Purchase Price to the Seller and (ii) the Initial Purchase Commission to the Seller, in connection with the Purchaser’s purchase of the Number of Shares.
For the purposes of calculating interest in respect of the Loans and for calculating any Purchase Commission or commission in respect of the Forex Transactions, payments or other funds received by Burdale will be applied (conditional upon final collection) in satisfaction or reduction of the relevant Facility Company's liabilities under the Finance Documents one Business Day following the date of receipt of funds by Burdale.
If an Event of Default has occurred and so long as the same is continuing, interest or Purchase Commission (as the case may be) shall accrue on all amounts owing under the Finance Documents at a rate which is two per cent.
All interest, commitment fee and Purchase Commission under this Agreement shall be calculated on the basis of actual days elapsed and a 365 day year (in the case of sterling) or a 360 day year (in any other case).
A Utilisation so deemed to be made shall, at the option of the Agent, be deemed to be either a payment of the Outstanding Purchase Price or a Revolving Loan and the other provisions of this Agreement (as to Purchase Commission, interest, repayment and otherwise) shall apply to such Utilisation accordingly.
For the purposes of calculating interest and Purchase Commission, any repayments received in respect of the Facilities concerned shall be credited to the relevant Facility two Business Days following receipt by the Lender.
Any interest or Purchase Commission accruing under this Clause 12.3 shall be payable on demand and may be compounded on such basis as the Agent deems appropriate.
However, if the seller of the new property or its agent does not agree to pay Aquila the full amount of the Purchase Commission, the Agencies will pay Aquila, upon closing and funding of the new property, the difference between the Purchase Commission and the commission amount that such seller or agent agrees to pay.
Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the Company monthly in arrears on the first Business Day of each month.