Book of Business. The collection of Consumers and/or Qualified Employers that have been delegated to the Agency or Agent. The Agency owns the Book of Business and receives commissions based on its Book of Business pursuant to Exhibit B.
Book of Business. Agent acknowledges and understands that the Book of Business related to the Direct Select Agencies program shall be owned and controlled by AUI.
Book of Business. For purposes of this Agreement, “Book of Business” means all insurance customers and renewal customers of policies written by Franchisee during the term, and pursuant to the terms of this Agreement. The Book of Business shall not be transferred, sold, leased, hypothecated, encumbered, or offered as security, without the express written consent of Franchisor. Additionally, Franchisor shall have a first right of refusal to purchase the Book of Business during the Term in accordance with Section 14.5 of this Agreement.
Book of Business. (a) A true, accurate and complete customer list of ABD and the commissions and fees earned from each such customer during the twelve month period ending January 31, 2001 has been Previously Disclosed. Except as Previously Disclosed, ABD owns (to the extent capable of ownership) the Book of Business (as defined below) free and clear of all liens, pledges, restrictions, security interests, charges, claims, rights of third parties and encumbrances of any kind. To the best of ABD’s knowledge, no customer from which ABD has earned commissions and fees in excess of $100,000 during the 12 month period ending October 31, 2001, has indicated an intention to terminate its relationship with ABD following consummation of the Merger.
Book of Business. The collection of Consumers and/or Qualified Employers that have been delegated to the Agent and from which the Agent receives commissions pursuant to Exhibit B.
Book of Business. Section 5.20 of the Disclosure Schedule contains a complete and accurate listing of O&H's "book of business" (as such term is used in the insurance industry), which identifies the name and address of every customer, together with (i) the annualized premium therefor; (ii) the term; and (iii) the commission. Except as set forth in such Section of the Disclosure Schedule, O&H has remitted to the applicable carrier all premiums received on or before the date hereof.
Book of Business. The Company shall own all of the advisory and management book of business reflected in the books and records of the Company without any Lien.
Book of Business. Sky entire book of business, capable of processing over $1B annually, primarily through the PAY product line.
Book of Business. (a) A true, accurate and complete customer list of FSI is included in the Disclosure Schedule and will be updated as of the Closing. Except as set forth in the Disclosure Schedule, FSI owns the Book of Business (as defined below) free and clear of all liens, pledges, restrictions, security interests, charges, claims, rights of third parties and encumbrances of any kind (other than arrangements with brokerage insurance business which have been disclosed to First Financial).
Book of Business. The list of the Current Book of Business and the Closed Store Book of Business to be delivered to Buyer at the Closing will be true, correct and complete, and such list will contain all current customers of Seller as of a date not more than five (5) business days prior to the Closing Date. Seller has not directly or indirectly provided any third party (other than AMS) with Seller’s customer account list Client Information, or any other information comprising or concerning the Current Book of Business or the Closed Store Book of Business, and to the knowledge of the Seller Group no third party has had or currently has access to any such information other than the insurance carriers with whom business is placed for the customers of Seller. No member of the Seller Group has received written notice of any kind (whether on a commission statement or otherwise) that any customer account comprising a portion of the Current Book of Business or the Closed Store Book of Business has canceled or non-renewed or intends to cancel or non-renew other than due to the failure to pay premiums when due in the ordinary course of business, and all such non-renewals or cancellations resulting from the failure to pay premiums when due, in the aggregate, represent less than ten percent (10%) of the total Current Book of Business (measured in terms of Gross Commission) and less than ten percent (10%) of the Seller 2008 Commission Amount. None of the customer accounts constituting part of the Current Book of Business or the Closed Store Book of Business represents business that has been brokered by Seller on behalf of a third party.
