Common use of Fees and Commission Clause in Contracts

Fees and Commission. 4.1 RUL will notify to the Intermediary in writing the types of Policy in relation to which RUL will accept business from the Intermediary. RUL may amend such Policy types from time to time on the number of days’ notice set out in Schedule 1, or on immediate notice if changes are required by RUL for legal reasons or in order to comply with any Regulatory Requirement or for any reason relating to reinsurance arrangements. RUL will pay fees and/or commission only in respect of such types of Policy. 4.2 RUL will pay to the Intermediary a fee and/or commission in respect of each Policy which it concludes with a Policyholder as a result of an introduction to RUL by the Intermediary in accordance with this Agreement. Such fee and/or commission shall only become payable if: 4.2.1 the Premium has been received by the Intermediary from the customer; and 4.2.2 the Intermediary continues to have authority to act as the Policyholder’s agent and that the Intermediary’s appointment as an agent of RUL is still in force. 4.3 Subject to Sub-clause 12.1, the rate of fees and/or commission applicable to any particular Policy will be that which applies at the inception date of the Policy or when the Policy is concluded, if earlier. The amounts of such fees and/or commission shall be as detailed in Schedule 3. RUL may amend the amounts of fees and/or commission from time to time on the number of days’ notice set out in Schedule 1. 4.4 In the event of a cancellation or adjustment of a Policy resulting in a return by RUL of a proportion of the Premium to the Policyholder, the Intermediary shall refund to RUL the same proportion of its commission. RUL may choose whether this refund shall be made by deduction against future commission payments due to the Intermediary from RUL or remitted to RUL by the Intermediary forthwith on request by RUL. 4.5 Without prejudice to Clause 7, the Intermediary shall repay to RUL any commission received in respect of a Policy placed by the Intermediary with RUL without Authorisation or cancelled in exercise of any statutory right. 4.6 The Intermediary shall pay interest, at RUL’s discretion, in accordance with Clause 24 on any commission to be repaid from the date on which it was notified that such repayment was due until the date it is repaid. 4.7 RUL shall have the right to set off any sums due to it pursuant to this Agreement, whether in respect of Premium or otherwise, against commission due to the Intermediary, regardless of when such commission is or was payable (including, for the avoidance of doubt, any sums payable before this Agreement came into effect and/or under any previous terms of business). 4.8 In the event of fees and/or commission being claimed by both the Intermediary and another party in respect of the same Policy, RUL’s decision as to entitlement to such fees and/or commission shall be final.

Fees and Commission. 4.1 RUL will notify to the Intermediary in writing the types of Policy in relation to which RUL will accept business from the Intermediary. RUL may amend such Policy types from time to time on the number of days’ notice set out in Schedule 1, or on immediate notice if changes are required by RUL for legal reasons or in order to comply with any Regulatory Requirement or for any reason relating to reinsurance arrangements. RUL will pay fees and/or commission only in respect of such types of Policy. 4.2 RUL will pay to the Intermediary a fee and/or commission in respect of each Policy which it concludes with a Policyholder as a result of an introduction to RUL by the Intermediary in accordance with this Agreement. Such fee and/or commission shall only become payable if: 4.2.1 the Premium has been received by the Intermediary from the customer; and 4.2.2 the Intermediary continues to have authority to act as the Policyholder’s agent and that the Intermediary’s appointment as an agent of RUL is still in force. 4.3 Subject to Sub-clause 12.1, the rate of fees and/or commission applicable to any particular Policy will be that which applies at the inception date of the Policy or when the Policy is concluded, if earlier. The amounts of such fees and/or commission shall be as detailed in Schedule 3. RUL may amend the amounts of fees and/or commission from time to time on the number of days’ notice set out in Schedule 1.any 4.4 In the event of a cancellation or adjustment of a Policy resulting in a return by RUL of a proportion of the Premium to the Policyholder, the Intermediary shall refund to RUL the same proportion of its commission. RUL may choose whether this refund shall be made by deduction against future commission payments due to the Intermediary from RUL or remitted to RUL by the Intermediary forthwith on request by RUL. 4.5 Without prejudice to Clause 7, the Intermediary shall repay to RUL any commission received in respect of a Policy placed by the Intermediary with RUL without Authorisation or cancelled in exercise of any statutory right. 4.6 The Intermediary shall pay interest, at RUL’s discretion, in accordance with Clause 24 on any commission to be repaid from the date on which it was notified that such repayment was due until the date it is repaid. 4.7 RUL shall have the right to set off any sums due to it pursuant to this Agreement, whether in respect of Premium or otherwise, against commission due to the Intermediary, regardless of when such commission is or was payable (including, for the avoidance of doubt, any sums payable before this Agreement came into effect and/or under any previous terms of business). 4.8 In the event of fees and/or commission being claimed by both the Intermediary and another party in respect of the same Policy, RUL’s decision as to entitlement to such fees and/or commission shall be final.

Fees and Commission. 4.1 RUL will notify to the Intermediary in writing the types of Policy in relation to which RUL will accept business from the Intermediary. RUL may amend such Policy types from time to time on the number of days’ notice set out in Schedule 1, or on immediate notice if changes are required by RUL for legal reasons or in order to comply with any Regulatory Requirement or for any reason relating to reinsurance arrangements. RUL will pay fees and/or commission only in respect of such types of Policy.changes 4.2 RUL will RULwill pay to the Intermediary a fee and/or commission in respect of each Policy which it concludes with a Policyholder as a result of an introduction to RUL by the Intermediary in accordance with this Agreement. Such fee and/or commission shall only become payable ifpayableif: 4.2.1 the Premium has been received by the Intermediary from the customer; and 4.2.2 the Intermediary continues to have authority to act as the Policyholder’s agent and that the Intermediary’s appointment as an agent of RUL is still in force. 4.3 Subject to Sub-clause 12.1, the rate of fees and/or commission applicable to any particular Policy will be that which applies at the inception date of the Policy or when the Policy is concluded, if earlier. The amounts of such fees and/or commission shall be as detailed in Schedule 3. RUL may amend the amounts of fees and/or commission from time to time on the number of days’ notice set out in Schedule 1.from 4.4 In the event of a cancellation or adjustment of a Policy resulting in a return by RUL of a proportion of the Premium to the Policyholder, the Intermediary shall refund to RUL the same proportion of its commission. RUL may choose whether this refund shall be made by deduction against future commission payments due to the Intermediary from RUL or remitted to RUL by the Intermediary forthwith on request by RUL. 4.5 Without prejudice to Clause 7, the Intermediary shall repay to RUL any commission received in respect of a Policy placed by the Intermediary with RUL without Authorisation or cancelled in exercise of any statutory right. 4.6 The Intermediary shall pay interest, at RULXXX’s discretion, in accordance with Clause 24 on any commission to be repaid from the date on which it was notified that such repayment was due until the date it is repaid. 4.7 RUL shall have the right to set off any sums due to it pursuant to this Agreement, whether in respect of Premium or otherwise, against commission due to the Intermediary, regardless of when such commission is or was payable (including, for the avoidance of doubt, any sums payable before this Agreement came into effect and/or under any previous terms of business)., 4.8 In the event of fees and/or commission being claimed by both the Intermediary and another party in respect of the same Policy, RUL’s decision as to entitlement to such fees and/or commission shall be final.

Fees and Commission. 4.1 RUL will notify to Section 22.01. Coterminous with the Intermediary in writing the types term of Policy in relation to which RUL will accept business from the Intermediary. RUL may amend such Policy types from time to time on the number of days’ notice set out in Schedule 1this Lease, or on immediate notice if changes are required by RUL for legal reasons or in order to comply with any Regulatory Requirement or for any reason relating to reinsurance arrangements. RUL will pay fees and/or commission only in respect of such types of Policy. 4.2 RUL will pay to the Intermediary a fee and/or commission in respect of each Policy which it concludes with a Policyholder as a result of an introduction to RUL by the Intermediary in accordance with this Agreement. Such fee and/or commission shall only become payable if: 4.2.1 the Premium has been received by the Intermediary from the customer; and 4.2.2 the Intermediary continues to have authority Landlord hereby appoints Tenant to act as the PolicyholderXxxxxxxx’s agent with respect to the marketing and that the Intermediary’s appointment as an agent of RUL is still in force. 4.3 Subject to Sub-clause 12.1sale, the rate of fees and/or commission applicable to any particular Policy will be that which applies at the inception date transfer or exchange of the Policy or when the Policy is concludedProperty including, if earlier. The amounts of such fees and/or commission shall be as detailed in Schedule 3. RUL may amend the amounts of fees and/or commission from time without limitation, an exchange roll-up transaction pursuant to time on the number of days’ notice set out in Schedule 1. 4.4 In the event of a cancellation or adjustment of a Policy resulting in a return by RUL of a proportion Section 721 of the Premium Code (the Tenant in such capacity the “Marketing Agent”). Notwithstanding anything in this Lease to the Policyholdercontrary, the Intermediary shall refund including, but not limited to, Section 3.08, Landlord and Tenant acknowledge and agree that any fees payable to RUL the same proportion of its commission. RUL may choose whether this refund shall be made by deduction against future commission payments due to the Intermediary from RUL or remitted to RUL by the Intermediary forthwith on request by RUL. 4.5 Without prejudice to Clause 7, the Intermediary shall repay to RUL any commission received in respect of a Policy placed by the Intermediary with RUL without Authorisation or cancelled in exercise of any statutory right. 4.6 The Intermediary shall pay interest, at RUL’s discretion, in accordance with Clause 24 on any commission to be repaid from the date on which it was notified that such repayment was due until the date it is repaid. 4.7 RUL shall have the right to set off any sums due to it Tenant pursuant to this AgreementArticle 22 shall be paid to Tenant in its capacity as Marketing Agent of Landlord. Each party shall reflect the transactions represented by this Article 22 in all applicable books, whether in respect of Premium or otherwise, against commission due to the Intermediary, regardless of when such commission is or was payable records and reports (including, for without limitation, income tax filings) in a manner consistent with the avoidance characterization set forth in this Article 22. Section 22.02. Tenant will be entitled to a disposition fee equal to market real estate sales commission rates at the time of doubtsale (the “Disposition Fee”). Any sales commissions due to third-party brokers shall not be paid from this amount. The Tenant or its affiliate will not be entitled to any Disposition Fee in the event that the gross sales price of the Property, reduced by any sums payable before this Agreement came into effect and/or under amounts used or incurred by the Landlord to pay off or cause the buyer to assume the debt on the Property, is less than the “Maximum Offering Amount” as such term is defined in the Private Placement Memorandum of Landlord, as such memorandum may be supplemented or amended. Section 22.03. For its services in supervising the construction of capital improvements and renovations to be made at the Property, Tenant, or an affiliate of Tenant, shall receive from Landlord a construction management fee equal to the applicable percentage of any previous terms amount, including related professional services, expended in any calendar year in conjunction with such capital improvements and renovations (collectively, the “Construction Costs”), as follows: (a) five percent (5%) of businessConstruction Costs up to Twenty-Five Thousand Dollars ($25,000.00); (b) four percent (4%) of Construction Costs over Twenty-Five Thousand Dollars ($25,000.00) but less than Fifty Thousand Dollars ($50,000.00); or (c) three percent (3%) of Construction Costs over Fifty Thousand Dollars ($50,000.00). 4.8 In Section 22.04. Tenant shall assist Landlord obtain loans secured by the event of fees and/or commission being claimed by both the Intermediary Property and another party in respect shall receive from Landlord a financing fee equal to one percent (1.0%) of the same Policygross principal amount of any loan secured by the Property and obtained by Landlord during the term of this Lease (each, RUL’s decision as to entitlement to a “Financing Fee”), plus reimbursement of any out-of-pocket expenses incurred by Tenant in connection with such fees and/or commission loan. Each Financing Fee shall be finalpayable upon the close of escrow on any such loan from funds timely provided by Landlord. Landlord shall pay any financing fee charged by any third party, including third party brokers, that also assist in the obtaining of such loans. Section 22.05. The fees and commissions set forth in this Article 22 are subject to and fully subordinate to the Loan Documents. This Article 22 shall survive the expiration and termination of this Lease.