Renewal Commission. (a) The Retrocessionaire shall pay to the Retrocedent a renewal commission ("Renewal Commission") of twelve and a half percent (12.5%) on all net reinsurance premiums (excluding any reinstatement premiums relating to any losses incurred on or after the Effective Date) collected in cash by the Retrocessionaire or any Affiliate thereof relating to any Reinsured Contracts which are renewed, at its sole discretion, by the Retrocessionaire or any Affiliate thereof ("Renewed Contracts") over the twelve (12) month period following the date hereof. At the Closing, the Retrocessionaire will remit to the Retrocedent an advance payment of eight million dollars ($8,000,000) ("Advance Payment") to be applied against payment of such Renewal Commissions. The Advance Payment shall be a minimum Renewal Commission and shall not be subject to repayment by the Retrocedent. The parties agree that in the event the aggregate amount of Renewal Commissions to be paid by the Retrocessionaire to the Retrocedent exceeds the amount of the Advance Payment, the Retrocessionaire shall pay such additional Renewal Commissions to the Retrocedent as reinsurance premiums are received in cash from the Renewed Contracts. The parties further agree that the decision to write any Renewed Contracts is at the sole discretion of the Retrocessionaire, and that this Section 4.2 does not create an obligation in any way on the part of the Retrocessionaire to renew any Reinsured Contract.
Renewal Commission. Our principle is to link the payment of renewal commission with the on- going servicing of the customer. We will continue to pay renewal commission to you, provided that: • the plan remains in force; • the customer has paid all premiums due; • there is no suspicion of fraud or any unlawful act or any act which brings, or is likely to bring, either party into disrepute; • your agency is not cancelled or suspended; and • you continue to act as the agent of the customer and retain control of the plan. Renewal commission will be paid in month forty-nine (49) and, if renewal commission continues to be due to you, in each month thereafter whilst the policy remains in force. Such commission will not become fully earned (and therefore is at risk of clawback) until the completion of month forty-eight (48).
Renewal Commission. 1.2.1 Xxxxxx & Stag will endeavour to contact both the landlord and tenant before the end of the Initial Agreement to negotiate an extension of the tenancy, if so required.
Renewal Commission. In the event Lessee elects to exercise said option to renew, Lessor shall thereupon pay to broker the sum of $ n/a as ----- additional real estate commission, or in the alternative, 3% percent of the annual rental for the first year of the option period. EXECUTED as of this __________ day of __________, 19__ LESSOR: LESSEE: Visionael Corporation __________________________________ _______________________________________ Xxxxx X. Xxxxxx By: Mr. Xxxx Xxxxx, CEO (An Authorized Officer) __________________________________ _______________________________________ Date Date AMENDMENT TO SUBLEASE This Amendment to Sublease is entered into as of the 29th day of June, 1999, and amends that certain Sublease Agreement (the "Sublease") by and between VISIONAEL CORPORATION, a Delaware corporation ("Sublandlord") and INTERNET TRAVEL NETWORK, a California Corporation, ("Subtenant") dated as of October 30, 1998, regarding the Sublease of space located at 000 Xxxxxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxx.
Renewal Commission. A Base Commission on all subsequent years’ premiums, shall be paid on all earned and paid CEP generated from such in-force Policies sold by Writing Agents in the Service Area.
Renewal Commission. A Base Commission on all subsequent years’ premium shall be paid on all earned and paid Premium generated from such in-force Stand Alone Term Life Policies sold by Writing Agents in the Service Area. THIS DOCUMENT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Renewal Commission. A. The Renewal Commission shall equal four and one-half percent (4.5%) of the aggregate gross base rental (as defined in 1B above) attributable to any renewal or extension of the Primary Term of the lease. The Renewal Commission to Broker shall be due and payable by Owner as follows:
Renewal Commission. Subject to the limitation set forth in Paragraph 4 below and provided Prospective Tenant is not represented by a broker other than Broker, should Prospective Tenant renew this Lease, (herein “Renewal Term”), and Broker is actively involved in renewal negotiations, Broker shall receive a commission equal to the greater of (a) market commission payable, or (b) Adjusted Rent (as defined below) multiplied by 2.0%. Said sum shall be earned, due and payable in full upon mutual execution of a lease or lease amendment for the Renewal Term.
Renewal Commission. Credit which may be realized on Commissionable Dues for the 13th through the 120th consecutive month of a NMCA Membership
Renewal Commission. (i) Where Friends First has purchased an Agency under the terms of the buy- out provisions of this Agreement, Friends First will not, for a period of M years [where M is the multiple figure to be determined by the Persistency Rate of the Intermediary in accordance with the table set out in the Second Schedule to this Agreement] following the buy-out, make payments of renewal commission on any policies in the Agency which are the subject of a transfer to another Intermediary.
