Common use of AGENT AND COMMISSION Clause in Contracts

AGENT AND COMMISSION. 15.1 Commission on this sale shall become due and payable on the fulfilment of any suspensive condition contained in this agreement, and shall be paid by the Seller to the agent as agreed between the Seller and the agent and shall be payable on registration of transfer of individual units. However, if the Purchaser commits any breach of this agreement in consequence of which this agreement is cancelled or if this agreement is cancelled on request by the Purchaser, the Purchaser shall be liable TO PAY THE AGENT the commission, calculated at 5% of the purchase price plus VAT, immediately upon such cancellation. 15.2 The Purchaser hereby warrants that the only agent who introduced the Purchaser to the unit is the agent and hereby indemnifies the Seller against any claim which may be made by any other agent in respect of the sale of the property.

AGENT AND COMMISSION. 15.1 16.1 Commission on this sale shall become due and payable on the fulfilment fulfillment of any suspensive condition contained in this agreement, and shall be paid by the Seller to the agent as agreed between the Seller and the agent and shall be payable on registration of transfer of individual unitsUnits. However, if the Purchaser commits any breach of this agreement in consequence of which this agreement is cancelled or if this agreement is cancelled on request by the Purchaser, the Purchaser shall be liable TO PAY THE AGENT the commission, calculated at 5% of the purchase price plus VAT, immediately upon such cancellation. 15.2 16.2 The Purchaser hereby warrants that the only agent who introduced the Purchaser to the unit Unit is the agent and hereby indemnifies the Seller against any claim which may be made by any other agent in respect of the sale of the propertyUnit.