Payment to the artist Sample Clauses

Payment to the artist must adhere to all additional requirements, terms and conditions outlined in the provided exhibitor agreement - The gallery must pay the artist the price paid for each work sold, less the gallery’s commission, following sale of the work. - The gallery must make any payment within 30 calendar days after the end of the month of the exhibition by bank deposit or any other method agreed by the artist in writing. - The artist must provide current bank details to the gallery for deposits and any changes to business information such as address, phone number, ABN and / or GST registration status of the artist. The gallery will handle all administration and provide the artist with a detailed sales list at the close of the exhibition. Artworks that have been exhibited at Umbrella which are sold within 12 months of exhibition are also subject to a 40% commission to Umbrella on the retail price. This encourages Umbrella to promote the artist’s work further, to potentially propose them into collections, and helps Umbrella recover some costs of marketing. This is not applicable if the same work is being shown in another gallery.
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Payment to the artist. Dealer and Artist agree that payment to the Artist will be equivalent to the wholesale amount determined by the Artist listed on the Consignment Inventory (“Wholesale Price”). Dealer may elect to purchase Artwork(s) at the consigned Wholesale Price at any time. Dealer will determine the retail price. Artwork(s) shall not be sold by Dealer at a price that is less than the Artist’s consigned Wholesale Price except by express permission of the Artist. Payment of monies due to Artist under this agreement shall be paid within thirty(30) days from receipt of full payment by the Dealer from the third-party purchaser. Artist agrees that Dealer may, at its discretion, permit a third party purchaser to return Artwork(s) to Dealer within seven (7) days in exchange for a credit or refund in the amount of the actual sales price. If Artwork(s) is returned and Artist has received payment for said Artwork(s), Dealer will, as an option make appropriate deductions in future payments to the Artist or require Artist to return payment relating to the Artwork(s) to the Dealer.
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Payment to the artist must adhere to all additional requirements, terms and conditions outlined in the provided exhibitor agreement - The gallery must pay the artist the price paid for each work sold, less the gallery’s commission, following sale of the work. - The gallery must make any payment within 30 calendar days after the end of the month of the exhibition by bank deposit or any other method agreed by the artist in writing. - The artist must provide current bank details to the gallery for deposits and any changes to business information such as address, phone number, ABN and / or GST registration status of the artist. The gallery will handle all administration and provide the artist with a detailed sales list at the close of the exhibition. Artworks that have been exhibited at Umbrella which are sold within 12 months of exhibition are also subject to a 40% commission to Umbrella on the retail price. This encourages Umbrella to promote the artist’s work further, to potentially propose them into collections, and helps Umbrella recover some costs of marketing. This is not applicable if the same work is being shown in another gallery.
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Related to Payment to the artist

  • Repayment to the Company Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once in The New York Times or The Wall Street Journal (national edition) or send to each Holder entitled to such money, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

  • REIMBURSEMENT TO THE ADVISOR The Company shall not reimburse the Advisor for Total Operating Expenses to the extent that Total Operating Expenses (including the Asset Management Fee), in the four consecutive fiscal quarters then ended (the “Expense Year”) exceed (the “Excess Amount”) the greater of 2% of Average Invested Assets or 25% of Net Income for that period of four consecutive fiscal quarters. Any Excess Amount paid to the Advisor during a fiscal quarter shall be repaid to the Company. Reimbursement of all or any portion of the Total Operating Expenses that exceed the limitation set forth in the preceding sentence may, at the option of the Advisor, be deferred without interest and may be reimbursed in any subsequent Expense Year where such limitation would permit such reimbursement if the Total Operating Expense were incurred during such period. Notwithstanding the foregoing, if there is an Excess Amount in any Expense Year and the Independent Directors determine that all or a portion of such excess was justified, based on unusual and nonrecurring factors which they deem sufficient, the Excess Amount may be reimbursed to the Advisor. If the Independent Directors determine such excess was justified, then, after the end of any fiscal quarter of the Company for which there is an Excess Amount for the 12 months then ended paid to the Advisor, the Advisor, at the direction of the Independent Directors, shall cause such fact to be disclosed in the next quarterly report of the Company or in a separate writing and sent to the Stockholders within 60 days of such quarter end, together with an explanation of the factors the Independent Directors considered in determining that such Excess Amount was justified. Such determination shall be reflected in the minutes of the meetings of the Board. The Company will not reimburse the Advisor or its Affiliates for services for which the Advisor or its Affiliates are entitled to compensation in the form of a separate fee. All figures used in any computation pursuant to this Section 3.04 shall be determined in accordance with generally accepted accounting principles applied on a consistent basis.

  • Repayment to the Issuer Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium or interest on, any Note and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Issuer on its written request unless an abandoned property law designates another Person or (if then held by the Issuer) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuer for payment thereof unless an abandoned property law designates another Person, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Issuer cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer.

  • Repayment to the Issuers Any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the principal of, premium or Liquidated Damages, if any, or interest on, any Note and remaining unclaimed for two years after such principal, premium or Liquidated Damages, if any, or interest has become due and payable shall be paid to the Issuers on their request or (if then held by the Issuers) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuers as trustee thereof, will thereupon cease; provided, however, that, if any Notes then outstanding are in definitive form, the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuers.

  • Cooperation Prior to the Distribution (a) L-3 and Spinco shall prepare, and L-3 shall mail to the holders of L-3 Common Stock, the Information Statement, which shall set forth appropriate disclosure concerning Spinco, the Distribution and any other appropriate matters. L-3 and Spinco shall also prepare, and Spinco shall file with the Commission, the Form 10, which shall include the Information Statement. L-3 and Spinco shall use commercially reasonable efforts to cause the Form 10 to become effective under the Exchange Act. (b) L-3 shall cause L-3 Corp, as the sole shareholder of Spinco, to approve and adopt the Spinco employee benefit plans contemplated by the Employee Matters Agreement and L-3 and Spinco shall cooperate in preparing, filing with the Commission under the Securities Act and causing to become effective not later than the Distribution Date any registration statements or amendments thereto that are appropriate to reflect the establishment of or amendments to any employee benefit plan of Spinco contemplated by the Employee Matters Agreement, including a Form S-8 with respect thereto. (c) Spinco shall take all such action as may be necessary or appropriate under the securities or blue sky laws of states or other political subdivisions of the United States in connection with the transactions contemplated by this Agreement or any Ancillary Agreement. (d) Spinco shall prepare, file, and use all reasonable efforts to cause to be approved prior to the Record Date, the application to permit listing of the Spinco Common Stock on the NYSE.