Conditions Precedent to Payment of Additional Commissions Sample Clauses

Conditions Precedent to Payment of Additional Commissions. Broker shall be entitled to receive a commission as to renewals or expansions as herein provided if (i) Broker is actively involved in representing Tenant in connection with the negotiation of the renewal or expansion in question (whether or not there are options or rights therefor in the original lease agreement with Tenant), and (ii) Tenant provides Owner with a letter (prior to the exchange of any proposals or similar correspondence between Owner and Tenant) specifically stating that it has authorized Broker as its representative and acknowledging payment by Owner of a commission to Broker in accordance with the terms hereof. Owner shall in good faith determine whether or not Broker is so involved, based upon attendance at meetings and active substantial participation in negotiations. If Tenant directly negotiates a renewal or expansion right or exercises an option provided for in its lease without the involvement of Broker, then no additional commissions shall be payable.
Sample 1
AutoNDA by SimpleDocs
Conditions Precedent to Payment of Additional Commissions. Broker shall not be entitled to receive a commission as to renewals or expansions as herein provided unless Broker is actively involved in representing the tenant in connection with negotiation of the renewal or expansion in question; unless such renewal or expansion right is completely negotiated (including term, rate, concessions, etc.), in which case Broker shall be entitled to a commission. Tenant shall in good faith determine whether or not Broker is so involved, based upon attendance at meetings and active substantial participation in negotiations. If a tenant directly negotiates a renewal or expansion right or exercises an option provided for in its lease without involvement of Broker, then no additional commissions shall be payable, unless such renewal or expansion right is completely negotiated (including term, rate, concessions, etc.) in which case Broker shall be entitled to a commission.
Sample 1
Conditions Precedent to Payment of Additional Commissions. If the term of the Lease is renewed or extended (or if the Premises are expanded), Landlord agrees to pay Broker a commission in accordance with Section 1 above; however, such commission shall be due and payable only if: (i) Broker, acting as Tenant's exclusive agent, participates in the effort to accomplish the renewal, extension, new lease, or expansion; (ii) Tenant has not appointed another broker as its representative; and (iii) Tenant certifies in writing to landlord that Broker is acting as Tenant's exclusive representative in connection therewith.
Sample 1

Related to Conditions Precedent to Payment of Additional Commissions

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH PARTY The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Conditions Precedent to Purchase The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to All Credit Events The obligation of each Lender to make Loans (including Loans made on the Initial Borrowing Date), and the obligation of each Issuing Lender to issue Letters of Credit (including Letters of Credit issued on the Initial Borrowing Date), is subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions:

  • Conditions Precedent to Initial Transaction Buyer’s agreement to enter into the initial Transaction hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the following documents, each of which shall be satisfactory to Buyer and its counsel in form and substance:

  • CONDITIONS PRECEDENT TO MERGER 5.01 Conditions Precedent to Obligations of Parent, Sub and the Company. The respective obligations of Parent and Sub, on the one hand, and the Company, on the other hand, to effect the Merger are subject to the satisfaction or waiver (subject to applicable law) at or prior to the Effective Time of each of the following conditions:

  • Conditions Precedent to All Loans Each Lender’s obligations to make each Loan is subject to the following conditions precedent:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

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