Renewal Commissions. Owner shall pay to Manager a commission equal to the percentage specified in the related Property Amendment of the Net Rent to be paid by the tenant during the term of any renewal or extension of any tenant lease; provided, however, that no commission shall be payable as to any portion of such renewal or extension term beyond ten (10) years. For purposes of this subsection 4.2.B(2), a renewal shall include (i) a renewal of any tenant lease in a Property pursuant to a new agreement that is executed during the term of this Agreement and (ii) a renewal of an existing tenant lease pursuant to a new agreement that is executed during the term of this Agreement and prior to the expiration of the term of the existing tenant lease. Renewal commissions shall be paid out within thirty (30) days of the execution of the applicable renewal or extension.
Renewal Commissions. Owner shall pay to Manager a commission equal to the fee that is customarily charged by others rendering similar services in the same geographic area, as determined by the Board of Directors of The GC Net Lease REIT, in its sole discretion. For purposes of this Section 4.2.B(2), a renewal shall include (i) a renewal of any tenant Lease in a Property pursuant to a new agreement that is executed during the term of this Agreement and (ii) a renewal of an existing tenant Lease pursuant to a new agreement that is executed during the term of this Agreement and prior to the expiration of the term of the existing tenant Lease. Renewal commissions shall be paid out within thirty (30) days of the execution of the applicable renewal or extension.
Renewal Commissions. Any renewal commissions due following the Effective Date will the responsibility of the Reinsurer and shall be paid by the Reinsurer to the Company as part of the Net Settlement pursuant to Section 6.2.
Renewal Commissions. Renewal commissions for all products sold by EHI in connection with this Agreement shall be payable to EHI by “Company” as long as all of the following conditions are satisfied:
Renewal Commissions. Renewal commissions shall be payable to Producer by Altius, as provided under Section 2.3 hereof (i) as long as Altius retains the enrollment produced by Producer (such retention being at Altius' option); and (ii) as long as Altius has a valid broker of record letter naming Producer as the representative of the employer group, (iii) and so long as this Agreement is still in effect. In the event the employer group notifies Altius that it intends to discontinue or change its broker of record, Altius will cease its payment of commission, with or without notice to the Producer, as of the last day of the month in which Altius is notified by the employer group.
Renewal Commissions. Renewal commissions shall be payable to Producer by AvMed as long as all of the following conditions have been satisfied:
3.8.1 AvMed retains policy in force produced by Producer, and
3.8.2 Producer complies with the terms of this Agreement.
Renewal Commissions. Subject to Paragraph 7 of Section B, renewal commissions shall be payable to Producer by Company, subject to the terms of this Agreement, including the applicable commission schedule, as long as no other producer is designated in writing as “Agent of Record” or “Broker of Record” by the Insured with respect to the benefit contract for which renewal commissions are paid. (09/19)
Renewal Commissions. VUL Income II
Renewal Commissions. VUL Income III with SVER
1. We will pay renewal commissions of 2% on the amount of Replaced Policy Premium received in Policy Years
2. We will pay renewal commissions at the rates set forth above on the amount of Replacement Policy Premium received that exceeds the amount of Replaced Policy Premium received in Policy Years 2-4.
3. We will pay renewal commissions at the rates set forth above on all premium received in Policy Years 5-15.
Renewal Commissions. We will pay renewal commissions of 2.5% on all received premium in Policy Years 2-5. Page 18
