Payment of Service Charge (CONSIGNEE Commission Sample Clauses

Payment of Service Charge (CONSIGNEE Commission. The CONSIGNEE shall be entitled to raise invoice on FOUNDATION , on a monthly basis (by 5th of the following month), for commission with respect to Products/ Services sold under the Agreement alongwith particulars of sales and other information as may be required by Foundation from time to time. FOUNDATION shall be liable to pay the Commission to CONSIGNEE in accordance with this Agreement within ten (10) days of the date of receipt of proper and complete invoice/information. Provided that the Foundation shall not be obliged to pay the commission to CONSIGNEE on such sales in respect of which the sales value remained to be received in Foundation.
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Related to Payment of Service Charge (CONSIGNEE Commission

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  • Distributions; Xxxxxx Xxx Guaranty On or before each Determination Date (or as soon thereafter as is reasonably practicable), Xxxxxx Mae shall calculate the Lower Tier Distribution Amount for the current calendar month. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of the related Lower Tier Regular Classes in the respective amounts and in the applicable manner determined pursuant to Section 2.02. In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount distributable thereon, Xxxxxx Mae shall provide from its own funds the amount of any such insufficiency. In addition, in the event that (i) the applicable portion of the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the related Lower Tier Regular Classes on such Distribution Date or (ii) such Distribution Date is a Final Distribution Date for any Class and the distribution on such Distribution Date of the applicable portion of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Certificate Account, such amount as shall be necessary to remedy such insufficiency and (b) to the extent that funds in the Certificate Account shall be insufficient therefor, apply its own funds towards remedying the same.

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