Commission Payments. HCC shall pay HCC Travel Agent Commissions in the travel agent's local currency or the currency requested by the travel agency. HCC shall be responsible for complying with laws and regulations relating to the treatment of unclaimed property (sometimes referred to as "escheatment" laws) resulting from checks issued to travel agents under this Agreement. The parties will jointly establish mutually acceptable procedures to be implemented by HCC in order to comply with such laws and regulations. The parties will meet to establish such procedures by no later than thirty (30) days after the effective date, and will cooperate and work diligently with one another in order to finalize same as promptly as practical.
Appears in 8 contracts
Samples: HCC Participant Agreement (Pegasus Systems Inc), HCC Participant Agreement (Pegasus Systems Inc), HCC Participant Agreement (Pegasus Systems Inc)
