Representative (Service) Fees. 3.1 Distributor shall pay to Representative the Channel Commissions specified in Appendix A low (“Channel Commissions”). Channel Commissions, which Distributor may adjust for prior overpayment, shall be paid to Representative based on the MRR generated by Qualified Sales with Customers and shall be calculated and paid according to the terms and conditions of Appendix A. 3.2 Distributor shall provide Representative with a monthly Channel Commission report showing all Channel Commissions earned by Representative for the applicable month (offset by any overpaid Channel Commissions in accordance with Section 3 of this Agreement). All Channel Commissions or other payments due by Distributor to Representative shall be made in accordance Appendix A and the existing payment terms in place between the Distributor save that payment shall not be made: - Where the Distributor has outstanding invoices with the Representative and the Representative is in default of its payment terms - Where such payment would be less than 250 EURO (of GBP equivalent) If any Customer requests a refund, money back guarantee or cancels Service for any reason and Distributor has already paid Channel Commissions to Representative for such Qualified Sale that would not otherwise be due, Representative hereby authorizes Distributor to deduct any such overpayment amounts from any amounts earned by Representative during the current and any subsequent (if necessary) month(s). For the avoidance of any doubt, no Channel Commissions shall be due or paid to Representative by Distributor for any Customer that terminates the subscription, following such termination.
Appears in 5 contracts
Samples: Representative Agreement, Representative Agreement, Representative Agreement
