Initial Commission. For up to twelve months immediately following the sale of a Unit, SUSA will pay to the Additional Selling Agent a sales commission (the “Initial Commission”) equal to the Annual Percentage set forth in Paragraph 2 below. A pro rata portion of the Initial Commission will be paid to the Additional Selling Agent on a monthly basis (i.e., one twelfth of the Initial Commission per month), commencing no later than the 20th calendar day of the month following the month in which a purchase of a Unit occurs, until the entire Initial Commission is paid in full or, if sooner, the Unit is redeemed.
Initial Commission. We will pay you initial commission on all business you introduce and that we accept, from the date the customer’s plan starts, or their cover is increased, provided premiums are paid unless your agency is cancelled or suspended. We may pay you initial commission on indemnity and/or non- indemnity terms at our discretion. We reserve the right to set a maximum ceiling on the amount of indemnity commission we pay you. Changes, clawback and offset We will be entitled to recover initial commission that we have overpaid, or clawback unearned initial commission, if: • the customer stops or reduces their premiums or chooses to remove their business from us, or the term of the business reduces while still in the initial period; • the customer exercises any option to change the cover under their plan while still in the initial period; • the customer cancels the plan in the cooling-off period; • we have paid the commission in error, or in breach of this agreement; • a plan lapses or is cancelled while still in the initial period; • we have reason to believe you or your employees, directors, officers, consultants, associates, including sub-agents are suspected of fraud, potential fraud or any unlawful act or any act which brings, or is likely to bring, either party into disrepute; • your agency is cancelled or suspended; • we are otherwise entitled to offset any clawback due to us against any payments due to you; or • the plan is voided due to the customer’s misrepresentation with a full refund of premiums given, whether inside or outside of the initial earning period. If there are no payments due to you, you agree to promptly repay us such overpaid or unearned commission. For any outstanding commission and costs due to us, we reserve the right to: • instruct lawyers to start proceedings to recover any debts due to us; • charge you interest on amounts you owe us if you do not pay within three months of us telling you about it. We will charge you interest from the date we told you about the amount you owe us, until the date you pay it. We will charge you interest at 3% above the base rate of the National Westminster Bank plc; • recover any costs of debt collection from you where applicable; and • recover any debts due to us using the personal guarantees in place. Where there is change of intermediary you agree that: • if the customer transfers a plan to another intermediary while still in the initial period, liability for any subsequent clawback will remain with you un...
Initial Commission. Simultaneous with the payment of the Initial Consideration, the Reinsurer will pay an Initial Commission to the Ceding Company equal to a percentage of the Initial Consideration, as follows: ------------------------------------------------------------- Initial Commission as a Category as Described Percentage of Initial in Schedule A Consideration ------------------------------------------------------------- A & B 6.69% ------------------------------------------------------------- C & D 7.71% ------------------------------------------------------------- E 7.35% ------------------------------------------------------------- F 7.95% -------------------------------------------------------------
Initial Commission. 1.1.1 In the event that Xxxxxx & Stag introduces a tenant who enters into an agreement to rent the landlord's property (the "Initial Agreement"), commission becomes payable to Xxxxxx & Stag ("Initial Commission"). See clause 3.4 regarding outstanding fees.
Initial Commission. 1.1 In the event that the Agent introduces a tenant who subsequently enters into an agreement to rent the landlord’s property, the initial commission becomes payable to the Agent.
Initial Commission. 1.2.1 When we find a tenant who is accepted by you or whom you have given us authority to accept on your behalf and who enters into a tenancy agreement, our Commission Fees are as follows:
Initial Commission. In the event that JTM HOMES introduces a Tenant who enters into a Tenancy agreement to rent the Landlord's property (the "Initial Agreement"), commission becomes payable to JTM HOMES ("Initial Commission"). The Initial Commission is payable for any Tenant introduced to the property by JTM HOMES, whether or not the Tenancy is finalised by JTM HOMES. JTM HOMES’ initial commission is 10% of the total rental value of the agreed term as specified in the initial agreement, plus VAT, payable in advance at the commencement of the Tenancy.
Initial Commission. In the event that Landlord shall be successful in executing a lease of at least 300,000 Square Feet with Piper, Landlord agrees to pay to Keewaydin a brokerage commission determined as follows: a. $700,000, plus b. $3 per Square Foot for all space taken by Piper, in excess of 300,000 Square Feet including the initial space and space adjustments, all expansion space or any other space including space initially leased by Piper and subject to all adjustments thereto, which space is leased or occupied prior to a date which is 60 full months after the commencement date of the lease. c. In the event that the Piper lease has a provision permitting Piper to reduce its Square Feet prior to occupancy, the first one payment shall be calculated based upon the minimum Square Feet. If the time to reduce such Square Feet shall subsequently expire or if Piper shall, at any time waive its rights to reduce such space the commission payable shall be adjusted accordingly and the first payment of the adjustment amount shall be payable on the date or dates that such space reduction right shall expire or be waived. d. "Square Feet" or "Square Foot" shall be defined to include the number of rentable square feet of office space, plus the number of square feet of retail space. If retail space is leased on a rentable square foot basis, the number of rentable square feet of retail space shall be included in the number of Square Feet. If, however, retail space is leased on a usable square foot basis, the number of usable square feet of space shall be included in the number of Square Feet without any add on or multiplier.
Initial Commission. Simultaneous with the payment of the Initial Consideration, the Reinsurer will pay an Initial Commission to the Ceding Company equal to a percentage of the Initial Consideration, as follows: Initial Commission as a Category as Described Percentage of Initial in Schedule A Consideration --------------------- ----------------------- A & B [*] C & D [*] E [*] F [*]
Initial Commission. 28.1 The Borrower shall pay to the Agent (to be distributed among the Financial Institutions) an initial commission that it negotiated and assumed in a separate agreement. AGENT COMMISSION
