Allowance and Commission Sample Clauses

Allowance and Commission. In the event Flextronics does not terminate the Flextronics Lease on or before February 28, 2013, the landlord under the Lease will owe Flextronics a tenant improvement allowance of up to $218,970.00 (the “Flextronics Allowance”) and will owe a leasing commission in the amount of $104,463.00 (the “Flextronics Commission”). At Closing, Seller shall place $323,433.00 (the sum of the Flextronics Allowance and the Flextronics Commission) in an escrow with the Escrow Agent pursuant to an escrow agreement in form and substance reasonably satisfactory to Seller and Buyer, which escrow agreement shall address, among other things, the matters set forth in this Section 4.2.11. In the event Flextronics terminates the Flextronics Lease on or before February 28, 2013, the escrow agreement shall provide that the Flextronics Allowance and Flextronics Commission shall be returned to Seller by the Escrow Agent. In the event Flextronics does not terminate the Flextronics Lease on or before February 28, 2013, the escrow agreement shall provide that the Flextronics Allowance and the Flextronics Commission shall be paid to Buyer by Escrow Agent. Buyer, as landlord, shall thereafter disburse and apply the Flextronics Allowance and the Flextronics Commission pursuant to the terms of the Flextronics Lease. Requests for disbursement of the Flextronics Allowance shall be subject to the review and approval of Buyer, in its sole and absolute discretion, without any requirement for Seller consent (and Seller shall have no right to object to any disbursements made by Buyer of the Flextronics Allowance). Buyer agrees that in the event that the amounts disbursed by Buyer, as landlord, in connection with the installation and completion of the tenant improvements by Flextronics is less than the amount of the Flextronics Allowance, Buyer will promptly pay to Seller the amount equal to the difference between the full amount of the Flextronics Allowance and the amount of the Flextronics Allowance actually utilized. The terms and conditions set forth in this Section 4.2.11 shall expressly survive the Closing hereunder.
Sample 1
AutoNDA by SimpleDocs

Related to Allowance and Commission

  • Fees and Commissions No broker, finder, or other Person is entitled to any brokerage fees, commissions, or finder’s fees for which Seller could become liable or obligated in connection with the transactions contemplated hereby by reason of any action taken by Buyer.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Brokerage Fees and Commissions Buyer has not incurred any obligation or entered into any agreement for any investment banking, brokerage, or finder's fee or commission in respect of the transactions contemplated by this Agreement for which Seller or the Company shall incur any liability.

  • Business Expenses and Final Compensation You acknowledge that you have been reimbursed by the Company for all business expenses incurred in conjunction with the performance of your employment and that no other reimbursements are owed to you. You further acknowledge that you have received payment in full for all services rendered in conjunction with your employment by the Company, including payment for all wages, bonuses and accrued, unused vacation time, and that no other compensation is owed to you except as provided herein.

  • Brokers' Fees and Commissions Neither the Purchaser nor any of its officers, partners, employees or agents has employed any investment banker, broker, or finder in connection with the transactions contemplated by the Primary Documents.

  • Business Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).

  • Trade Association Fees All fees, dues and other expenses incurred in connection with the Trust's membership in any trade association or other investment organization.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Assistance and Cooperation After the Closing Date, each of Seller and Purchaser shall:

  • Business Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore.

Time is Money Join Law Insider Premium to draft better contracts faster.