RATE OF COMMISSION. In the event that Principal(s) enter(s) into a Transaction with an Introduced Party, Principal(s) shall pay to the Agent a fee of ten percent (10%) of the payments received pursuant to the agreement between Principal(s) and an Introduced Party. The payments shall run with the underlying use or sale or lease agreement or assignment unless the underlying sale, lease or assignment is terminated for non-use or failure to market where a market exists. Such compensation shall be paid within thirty (30) days following receipt thereof by Principal(s) and Agent shall be provided with annual accountings. Agent at its option may elect to receive any payment directly from the Introduced Party in which case, Agent shall receive an annual accounting from the Introduced Party directly. All payments due and payable hereunder shall be made at the addresses hereinabove set forth unless Agent has otherwise notified Principal(s) in writing of a different address for payment. Commento [o9]: Identification of the agent’s duties
RATE OF COMMISSION. An Advertising Sales Representative will be paid a commission of 1.0% of total monthly revenue unless he/she reaches or exceeds the revenue goal established for the employee in Section 11(G)(2) above. If the Advertising Sales Representative reaches or exceeds the revenue goal, he/she will be paid a commission of 2% of total monthly revenue. In addition, the Advertising Sales Representative will be paid an additional commission of 10% of all revenue dollars in excess of the goal.
RATE OF COMMISSION. The Borrower shall be liable to pay to the Bank commission on various facilities at the rate (if any) specified in the Sanction Letter or Individual Facility Sanction Letter and the same shall be payable on the Facilities at the rates agreed to between the Bank and the Borrower or as maybe intimated by the Bank in writing from time to time and the Borrower shall not dispute the same ..
RATE OF COMMISSION. The Borrower shall be liable to pay to the Bank commission on various non-funded facilities including letters of credit, bank guarantees, etc. at the rate specified in the Individual Facility Sanction Letter and the same shall be payable on the Facilities at the rates agreed to between the Bank and the Borrower as mentioned in Schedule II hereto or as maybe intimated by the Bank in writing from time to time and the Borrower shall not dispute the same. If no rate of commission is specified in the Individual Facility Sanction Letter, the Borrower shall be liable to pay commission at the Bank’s Card Rates (Standard Rates) as in force from time to time.
RATE OF COMMISSION. The Borrower shall be liable to pay commission (collectively “Commission”) to the Bank on various Non-Fund Based Facilities including letters of credit, bank guarantees, etc. at the rate specified in the Facility Letter or Schedule hereto or as maybe intimated by the Bank in writing from time to time to the Borrower and the Borrower shall not dispute the same. If no rate of commission is specified in the Facility Letter, the Borrower shall be liable to pay commission at the Bank’s Card Rates (Standard Rates) as in force from time to time which the Borrower shall be obligated to check with Bank and such rates shall be final and binding on the Borrower.
RATE OF COMMISSION. In the event that Principals enters into a Transaction with an Introduced Party, Principals shall pay to the Agent a fee of one percent (1%) of the gross contract value or of the total payments received pursuant to the agreement between Principals and an Introduced Party at the Principals standard profit structure. If the Principal is required to reduce its standard profit structure in order to secure a contract, then the Principals shall advise the Agent (in writing) of the reduction percentage and the Agent shall (at his sole option) decide if he will agree to reduce his commission pro-rata to the actual profit margin reduction calculated by the Principals from the gross contract value or of the total payments received. The payments shall run with the underlying use or sale or lease agreement unless the underlying sale or lease is terminated prior to the delivery or installation of the Products. Such compensation shall be paid within fifteen (15) days following receipt thereof by Principals and Agent shall be provided with annual accountings. If the Agent (at its option) elects to receive any payment directly from the Introduced Party, then the Agent shall receive an annual accounting from the Introduced Party directly. All payments due and payable hereunder shall be made at the addresses hereinabove set forth unless Agent has otherwise notified Principals in writing of a different address for payment.
RATE OF COMMISSION. The current effective Commission Rate payable to Agent shall be fifteen (l5%) percent.
