Commission Obligations. The Commission shall be due upon acceptance of the high bid and execution of the Contract for sale and payable to Broker: (
1.) upon the closing of a sale or exchange of each Property during Auction Period, whether said sale or exchange of the Property is procured by Auction Company, Broker, Seller, or any third person or entity; (
2.) upon the closing of a sale or exchange of each Property within 120 days after expiration of the Auction Period, provided that said sale or exchange of the Property is to a person or entity or any affiliate(s) of any person or entity to or with whom Auction Company or Broker has shown or negotiated concerning the Property prior to the expiration of the Auction Period; or (
3.) if Broker or Auction Company otherwise procures a buyer who is ready, willing, and able to purchase the Property at the price and on the terms set forth herein or at such other price and terms as are acceptable to Seller. Notwithstanding anything to the contrary herein, the Commission set forth above shall be immediately due and payable to Broker in the event Seller breaches the terms of the executed Contract for Sale with the high bidder, thus failing to transfer the Property to the high bidder or releases the high bidder from its obligation to purchase the Property pursuant to an executed Contract for Sale.
5. AUCTION FEE- Section intentionally removed if 4B or 4C are selected
6. AUCTION COMPANY RESPONSIBLITIES. Seller authorizes Auction Company to, and Auction Company shall: (A.) utilize its online technology platform to promote the advertisement of the Property using marketing materials provided by or approved the Broker;
Commission Obligations. 2.1 Commission may invoice the County for up to $252,000.00 of the Small Business Assistance funds for actually incurred eligible expenditures.
2.2 Commission will ensure all expenditures covered by the Small Business Assistance funds will be for programs and program costs that comply with the CARES Act. Commission understands and agrees that while a broad range of activities, services and programs may be authorized under the CARES Act, the County recommends Commission only cover expenditures tailored to assist small businesses in need of such assistance as allowed by the CARES Act. In any case, the Commission agrees not to cover its own expenditures that may otherwise be eligible expenditures under the CARES Act with the Small Business Assistance funds.
2.3 Commission will ensure the monies provided from the Small Business Assistance funds:
2.3.1 Cover only and exclusively those expenditures and costs already incurred or to be incurred and:
2.3.2 Are necessary expenditures incurred due to the public health emergency with respect to the COIVD-19 within the meaning the CARES Act; and
2.3.3 Were not accounted for in the Commission’s most recently approved budgets as of March 27, 2020; and
2.3.4 Were incurred during the period that begins March 8, 2020 and ends on July 31, 2020.
2.4 Commission will not use any of the Small Business Assistance funds provided by the County as a revenue replacement for lower than expected tax or other revenue collections or for any other purpose not allowed by the CARES Act.
2.5 Commission will ensure all use of the Small Business Assistance funds will adhere to official federal guidance issued or to be issued on what constitutes a necessary expenditure. Commission will review the guidance established by the U.S. Department of Treasury and will warrant that all expenditures have met the required guidance.
2.6 Commission will not use the Small Business Assistance funds for expenditures for which the Commission has already received any other emergency COVID-19 supplemental funding for the same expenditure.
2.7 In the event Commission uses the Small Business Assistance funds to reimburse expenditures for a qualifying small business assistance program or expense and subsequently receives or additional emergency COVID-19 supplemental funding to reimburse the Commission for the same qualified expended small business assistance program or expense, the Commission will return to the County an amount equal to the Small Business Assistance...
Commission Obligations. 7.1 Londex is under no obligation whatsoever to pay any commissions to anyone who does not strictly follow this Services Agreement or the incorporated Guidelines, where applicable, including potential later modifications and amendments. It is the Affiliate’s sole and absolute duty to follow precisely this Services Agreement and the incorporated Guidelines, where applicable at all time.
Commission Obligations. A. The Commission will reimburse the County up to 180 slots that meet the EHS minimum requirement of frequency and dosage for every child (slot).
Commission Obligations. In return for “Xx. Xxxxxx’ Obligations” in this Agreement, the Commission hereby provides the following benefits to Xx. Xxxxxx (the “Commission Obligations”) if he signs and dates this Agreement, which cannot be until after the Separation Date, and he does not exercise his legal rights to revoke or rescind as described in Section 6 below.
Commission Obligations. M·A·C shall pay Agency for its commission, as agent for Model, a sum equal to twenty percent (20%) of all fees, if any, paid by M·A·C hereunder to Model. These payments will be made to Agency at the time that fees are paid to Model. M·A·C shall have no other responsibility for payment of any agents', brokers' or other fees or commissions in connection with Model services hereunder or M·A·C's use of the Materials.
Commission Obligations. SECTION 3.01 Funds The Commission agrees to appropriate and transfer One Million Nine Hundred Eighty-One Thousand, Eight Hundred Forty-One and No/100 ($1,981,841.00) Dollars to the City for reimbursement costs and expenses associated with the construction of the second lift station and the economic development incentives described hereinabove.
Commission Obligations. The Commission agrees to:
(a) acknowledge and promote the Supporter on the Campaign website.
(b) acknowledge and promote any events and activities undertaken by the Supporter to take a stance against racism during the period of this Agreement.
(c) exercise all reasonable care and diligence to protect the Supporter’s reputation.
(d) ensure that the Supporter’s logo, as set out in Annexure 2, is used, copied, supplied or reproduced only for the purposes of promoting the Campaign and in accordance with this Agreement.
Commission Obligations. The Commission agrees to: acknowledge and promote the Supporter on the Campaign website. acknowledge and promote any events and activities undertaken by the Supporter to take a stance against racism during the period of this Agreement. exercise all reasonable care and diligence to protect the Supporter’s reputation. ensure that the Supporter’s logo, as set out in Annexure 2, is used, copied, supplied or reproduced only for the purposes of promoting the Campaign and in accordance with this Agreement. Conflict of Interest The Supporter warrants that no conflicts of interest exists, or is anticipated, relevant to the performance of the Supporter obligations under this Agreement. If a conflict of that kind arises, the Supporter must notify the Commission immediately. The Commission may decide in its absolute discretion — without limiting its other rights under this Agreement — that the Supporter may continue to perform the Supporter obligations under this Agreement.
Commission Obligations. The Commission shall do the following:
(a) The Commission shall provide access to the Property by public right-of- ways through the newly constructed Ignition Drive South illustrated on Exhibit “G”.
(b) Upon request of Company, and at the earliest opportunity legally permissible and upon timely receipt of the appropriate documentation, the Commission agrees to fully support the granting of a three-year real property tax abatement and a five-year personal property tax abatement applicable to the Property based on the investment and other criteria evaluated by the City of South Bend according to its real property tax abatement program. The Company’s petition for tax abatement will not, however, preclude the Company from seeking State or other building or development incentives.
(c) The Commission will use best efforts to facilitate the initial connection of the Dark Fiber Loop operated by St. Xxx Valley Metro Net, Inc. to the park. The Company shall be responsible for all lateral feeds from the outside property line to the Company’s building.
(d) Company has agreed to the Statement of Commitments which is attached as Exhibit “H”. Company shall agree to be bound by such Statement of Commitments so long as they are in a form reasonable satisfactory to it so as not to unreasonably impair or restrict its use of the Property.
(e) The Commission will use all good faith and commercially reasonable efforts to seek an amendment to the Planned Unit Development (“PUD”) or other zoning of the Property in order for the Property to be utilized for the permitted uses as set forth in the Statement of Commitments (referred to above).
