Payments to Broker Sample Clauses

Payments to Broker. Dealers to compensate them for providing shareholder servicing and related administrative functions are subject to compliance by them with the terms of written agreements satisfactory to our Board of Directors to be entered into between you and the Broker-Dealers.
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Payments to Broker. With respect to every Transaction purchased, sold or cleared for the Account, Customer agrees to pay to Broker by the end of the business day when demand is received by Customer (which demand shall be deemed received immediately upon transmission to Customer if made orally, by telex, telefax, email or telephone): (a) commission and service charges as arc in effect between Customer and Broker from time to time together with all applicable fees, charges and taxes; (b) the amount of any trading losses, debit balance, margins, premiums or any other liability that may result from Transactions executed and/or cleared for the Account; (c) all regulatory, Exchange and other self- regulatory fees, fines, penalties and charges, and any taxes incurred or imposed with respect to each Account; and (d) interest on any debit balances and liabilities, at the lesser of (i) the maximum rate permitted by New York law or (ii) one percent < 1%) over the then prevailing Prime Rate as published in the New York edition of the Wall Street Journal (or such other rates as may be agreed by Customer and Broker if such publication does not publish such a rate), as well as any charges or costs incurred by Broker with respect to the Account, including reasonable attorneys’ fees in collecting the account balance. Customer agrees that any and all payments required to be made hereunder shall be made immediately by wire transfer to an account designated by Broker (unless otherwise agreed by Broker).
Sample 1
Payments to Broker. A. In consideration of the performance described herein and fulfillment of all covenants and conditions herein contained to the satisfaction and acceptance of UPDS, UPDS will pay Broker in accordance with Broker’s freight rates, the accessorial charges set forth in Exhibit A and the terms and conditions contained in Exhibit B, both exhibits being attached hereto and by this reference made a part hereof. Payment of freight charges by UPDS to Broker shall relieve UPDS’s customers, shippers, consignees or other third parties of any liability to Broker or Broker’s Carrier for non-payment of its freight charges; and Broker hereby covenants and agrees to indemnify UPDS, UPDS’s customers, shippers, consignees or other third parties against liability relating to the payment (or alleged non-payment) of freight charges. In the event Broker’s Carrier provides less than the services requested by UPDS, or fails to perform services in a timely manner, Broker’s freight rate may be subject to a reduction by UPDS. B. At any time during the term of this Brokerage Agreement either party may request an amendment to the rules or rates described in Exhibit A hereto. Any such amendment must be agreed to in writing by the other party and each of the resulting deletions, changes, or additions will require approval evidenced by the signatures or initials of an authorized representative from both parties written adjacent to each such deletion, change or addition. C. ORDERS, INVOICING AND PAYMENTS WHEN BROKER IS PERFORMING CROSSTOWN SERVICES 1. When Broker is a federally registered motor carrier performing Crosstown Services carrying loads brokered to it by UPDS, then all of the terms of the Brokerage Agreement which pertain to “Broker” and/or “Broker’s Carrier” shall pertain equally to Broker with full force and effect except that the terms in Section 3, paragraph C subsections 2 and 3 relating to orders, invoices and payments shall apply to Broker in lieu of Section 3 paragraphs A and B. The term “Crosstown Services” being understood to include motor carriage of loaded intermodal containers, empty intermodal containers and/or chassis. 2. Whenever Broker performs Crosstown Services for UPDS, Broker is required to use the UPDS Transportation Suppliers Dashboard (TSD) system for shipment order creation, order number inquiry, and invoicing. Broker may access the TSD seven (7) days a week twenty-four (24) hours a day via UPDS' website. TSD provides the Broker with the opportunity to loc...
Sample 1
Payments to Broker. At the Closing, Purchaser shall pay to Prospera Financial (“Prospera”) as broker a fee equal to $.01 per share of the Shares. Each of Purchaser, Seller and Prospera represents and warrants to the others that there are not, and will not be, any other broker’s or finder’s fee or agent’s commission in connection with this Agreement or the transactions contemplated hereby.
Sample 1

Related to Payments to Broker

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

  • Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.

  • PAYMENTS TO PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to the Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plans.

  • Payments to Recipients The Distributor is authorized under the Plan to pay Recipients (1) distribution assistance fees for rendering distribution assistance in connection with the sale of Shares and/or (2) service fees for rendering administrative support services with respect to Accounts. However, no such payments shall be made to any Recipient for any period in which its Qualified Holdings do not equal or exceed, at the end of such period, the minimum amount (“Minimum Qualified Holdings”), if any, that may be set from time to time by a majority of the Independent Trustees. All fee payments made by the Distributor hereunder are subject to reduction or chargeback so that the aggregate service fee payments and Advance Service Fee Payments do not exceed the limits on payments to Recipients that are, or may be, imposed by the FINRA Rules. The Distributor may make Plan payments to any “affiliated person” (as defined in the 0000 Xxx) of the Distributor if such affiliated person qualifies as a Recipient or retain such payments if the Distributor qualifies as a Recipient.

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • Payments to Lenders If a Lender (a “Recovering Lender”) receives or recovers any amount from the Borrower other than in accordance with Clause 27 (Payment mechanics) and applies that amount to a payment due under the Financing Documents then: (a) the Recovering Lender shall, within 3 Business Days, notify details of the receipt or recovery, to the Facility Agent; (b) the Facility Agent shall determine whether the receipt or recovery is in excess of the amount the Recovering Lender would have been paid had the receipt or recovery been received or made by the Facility Agent and distributed in accordance with Clause 27 (Payment mechanics), without taking account of any Tax which would be imposed on the Facility Agent in relation to the receipt, recovery or distribution; and (c) the Recovering Lender shall, within three Business Days of demand by the Facility Agent, pay to the Facility Agent an amount (the “Sharing Payment”) equal to such receipt or recovery less any amount which the Facility Agent determines may be retained by the Recovering Lender as its share of any payment to be made, in accordance with Clause 27.5 (Partial payments).

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