Earned and Payable Sample Clauses
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Earned and Payable. A person is not obligated to pay Broker a commission until such time as Broker's commission is earned and payable.
(1) Broker's commission is earned when Client enters into a binding written contract for the acquisition of property in the market area.
(2) Broker's commission is payable, either during the term of this agreement or after it ends, upon the earlier of:
(a) the closing of the transaction to acquire the property;
(b) Client's breach of a written contract to purchase or lease a property in the market area; or
(c) Client's breach of this agreement.
(3) If Client acquires more than one property under this agreement, Broker's commissions for each property acquired are earned as each property is acquired and are payable at each closing of the properties acquired.
Earned and Payable. Cooperating Broker’s Fee is earned at the time the lease is binding on the parties to the lease. Cooperating Broker’s fee is Payable (i) if Cooperating Broker is the procuring cause of the lease and (ii) when a lease is executed and/or when a sale closes between the parties. Listing/Principal ▇▇▇▇▇▇ is not obligated to pay Cooperating Broker any fee if, through no fault of the Listing/Principal ▇▇▇▇▇▇ and in the exercise of good faith and reasonable care, the Listing/Principal ▇▇▇▇▇▇ is unable to collect its fee under the separate agreement with the property Owner/Landlord.
Earned and Payable. A person is not obligated to pay Broker a commission until such time as Broker’s commission is earned and payable. Broker’s commission is earned when:
(1) Buyer enters into a contract to buy a property in the ACTRIS Central Texas MLS area; or
(2) Buyer breaches this Agreement. Broker’s commission is payable, either during the term of this Agreement or after it ends, upon the earlier of:
(1) The closing of the transaction to acquire the property;
(2) Buyer’s breach of a contract to buy a property in the ACTRIS Central Texas MLS area; or
(3) Buyer’s breach of this Agreement.
Earned and Payable. ▇▇▇▇▇▇’s compensation is earned when:
(1) Client enters into a contract to buy or lease property in the market area; or
(2) Client breaches this Agreement. ▇▇▇▇▇▇’s compensation is payable, either during the term of this Agreement or after it ends, upon the earlier of:
(1) the closing of the transaction to acquire the property;
(2) Client’s breach of a contract to buy or lease a property in the market area; or
(3) Client’s breach of this Agreement. If Client acquires more than one property under this Agreement, ▇▇▇▇▇▇’s compensation for each property acquired are earned as each property is acquired and are payable at the closing of each acquisition.