Sales Agency Sample Clauses

Sales Agency. 2.8.1 In respect of any sale of the Ship to be conducted: (a) following a termination of the leasing of the Ship pursuant to clause 2.5.2(a) or 2.5.2(b) (Voluntary Termination after Delivery) or any deemed voluntary termination of the leasing of the Ship pursuant to clause 24.3; or (b) on the Lease Period End Date; or (c) following any termination of the Lease Period pursuant to clause 18.1 (Termination Rights); or (d) following any termination of the Lease Period pursuant to clause 18.2 (Mandatory Prepayment); the Lessor irrevocably appoints the Lessee to act as the agent of the Lessor for the purpose of negotiating the sale of the Ship on the terms set out in clause 2.7 subject to and upon the limitations set out in clauses 2.8.4 to 2.8.8 and the Lessor agrees that, until termination of such agency pursuant to clause 2.8.3 or 2.8.4, the Lessee shall continue to be empowered to negotiate a sale of the Ship, which shall then be concluded in the manner described in clauses 2.8.6 and 2.8.7. 2.8.2 The appointment of the Lessee as the sales agent of the Lessor shall commence on: (a) the date on which the Lessee notifies the Lessor that it wishes to terminate the leasing of the Ship in accordance with clause 2.2 or 2.5.2; and (b) on the date on which the Lessee is deemed to have exercised its rights of voluntary termination in accordance with clauses 2.5.4 or 2.5.5 following the issue by the Lessor of a notice pursuant to any of clauses 18.2 or 24; and (c) in the case of a termination of the leasing by the Lessor pursuant to clause 18.1, on the date on which the Lessor serves notice on the Lessee pursuant to clause 18.1; and (d) in any other circumstance, on the fourth anniversary of the Delivery Date, and shall terminate on the earlier of (i) the date on which the Net Sale Proceeds are actually and unconditionally received and applied in accordance with clause 2.10 or (ii) the date on which the Lessor terminates the appointment of the Lessee pursuant to clause 2.8.3 below or (iii) in any event, and without any action being required by the Lessor, the fifth anniversary of the Delivery Date. 2.8.3 The Lessor shall be entitled to terminate the sales agency under clause 2.8.1 or, as the case may be, clause 2.8.2 by means of written notification to the Lessee: (a) at any time after notice is given under clause 18.1 or clause 18.2 and in each such case where the Lessee shall have failed to pay to the Lessor the Termination Amount and any other sums then due to the L...
AutoNDA by SimpleDocs
Sales AgencyIn respect of any sale of the Ship in accordance with clause 3.4, the Lessor hereby appoints the Lessee (and such appointment shall, without prejudice to clause 3.4.5, constitute a full discharge by the Lessor of its obligation under clause 3.4 to endeavour to sell the Ship) to act as the sole and exclusive agent of the Lessor for the purpose of negotiating the sale of the Ship on the following terms: 3.6.1 the Lessee will (if and to the extent it is permitted to do so under the Proceeds Deed) endeavour to arrange the sale of the Ship for a cash consideration payable by the purchaser in full on completion of such sale in Pounds, Dollars or such other currency as the Lessor may approve (such approval not to be withheld in the case of a currency which is then freely convertible into Pounds) on the best terms (including price) reasonably obtainable on the open market (and in any event for no less than the Tax Written Down Value of the Ship as at the date of such sale) provided that the Ship shall not be sold to: (a) the Lessee or the Sub-Lessee; or (b) any person acting in trust for, as nominee of, as agent, or otherwise as representative of, or on behalf of any of the persons referred to in (a) above, and the Lessee will keep the Lessor informed from time to time of its progress; 3.6.2 the Lessee's authority will not extend to concluding a contract for the sale of the Ship for which the Lessor's specific written authority will be required (which authority shall not be withheld or delayed where (a) the sale complies with the other provisions of this clause 3.6, (b) the resulting Net Sale Proceeds will equal or exceed the Tax Written Down Value as at the proposed date of sale and (c) the aggregate of the Net Sale Proceeds which can be retained by the Lessor pursuant to clauses 3.1 and 3.3 of the Proceeds Deed and the Applicable Security Amount as at the proposed date of sale will exceed the aggregate amount of the Termination Sum and all other amounts owing by the Lessee to the Lessor under this Lease and any amounts due but unpaid under any of the other Lease Documents (including any interest due in respect thereof) as at the proposed date of sale or that, to the extent that either (b) or (c) above do not apply, the Lessee has satisfied the Lessor that the Lessee and/or the Lessee Parent will have adequate financial resources available to enable the Lessee to pay the balance of such aggregate amount to the Lessor in accordance with clause 3.4)); 3.6.3 the Shi...
Sales Agency. (a) Prior to the approval of the Offering Plan and the other Amended Condominium Documents by Lender, Borrower shall cause Mortgage Borrower to enter into, and promptly thereafter forward to Lender a copy of, a Sales Agency Agreement, which Sales Agency Agreement shall be reasonably satisfactory in form and substance to Lender. The fee payable to the Sales Agent shall not exceed six percent (6.0%) of the Gross Sales Proceeds received from each Unit sold. The Sales Agency Agreement shall also provide that all of Sales Agent’s rights under the Sales Agency Agreement are subordinate to the Lien of the Mortgage and the rights of Lender. Concurrently with the execution of any Sales Agency Agreement, Borrower shall deliver to Lender two (2) counterpart originals of an Assignment of Sales Agency Agreement, in the form attached hereto as Exhibit C, fully executed by Mortgage Borrower and the Sales Agent. In no event shall any broker fee or commission relating to the sale of any Unit be paid to Borrower, Mortgage Borrower, Guarantor or any Affiliate of Borrower, Mortgage Borrower or Guarantor. (b) Borrower shall: (i) cause Mortgage Borrower to promptly perform and/or observe in all material respects all of the covenants and agreements required to be performed and observed by it under the Sales Agency Agreement and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (ii) promptly notify Lender of any material default under the Sales Agency Agreement of which Borrower or Mortgage Borrower is aware; (iii) promptly deliver to Lender a copy of each business plan received by Mortgage Borrower under the Sales Agency Agreement; and (iv) cause Mortgage Borrower to enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed by the Sales Agent under the Sales Agency Agreement in a commercially reasonable manner.
Sales Agency. Sprint LD, the Cable Subsidiaries and other Controlled Affiliates of the Cable Partners (except for Cable Subsidiaries and other Controlled Affiliates of Comcast with respect to the Comcast Area) will be non-exclusive commission sales agents for the Partnership's Wireless Exclusive Services and Non-Exclusive Services ("Partnership Services") pursuant to agency agreements that conform to the provisions of this Section 8.3 and are otherwise in form and substance reasonably satisfactory to the parties thereto. The agency agreements will provide that all Partnership Services will be made available to each of Sprint LD and the Cable Subsidiaries and other Controlled Affiliates of the Cable Partners to offer, promote and package. The Partnership will be a non-exclusive commission sales agent for such long distance services of Sprint and its Affiliates (other than Sprint Cellular and any LEC properties owned by Controlled Affiliates of Sprint) (collectively, "Sprint LD") as Sprint LD may agree to make available to the Partnership ("Sprint LD Services") and for such services offered by a Cable Subsidiary or other Controlled Affiliate of a Cable Partner in the areas served by its local cable system as such Cable Subsidiary (or Controlled Affiliate) may agree to make available to the Partnership ("Cable Services"), in each case pursuant to agency agreements that conform to the provisions of this Section 8.3 and are otherwise in form and substance reasonably satisfactory to the parties thereto. Subject to Section 8.3(a), Sprint LD will be a sub-agent of the Partnership for Cable Services, and the Cable Subsidiaries and other Controlled Affiliates of the Cable Partners will be sub-agents of the Partnership for Sprint LD Services, in each case No Partner or Controlled Affiliate thereof shall be required (i) to make any of its product or service offerings available to the Partnership to offer or promote pursuant to the first sentence of the second paragraph of this Section 8.3(b), (ii) to authorize the Partnership to include any product or service offerings that are made available by such Partner or Controlled Affiliate in a bilateral package with any Partnership Services or in a multilateral package with Partnership Services and product or service offerings of any other Partner or its Controlled Affiliates, or (iii) to authorize the Partnership to appoint any distributors or sub-agents for any product or service offerings that such Partner or its Controlled Affiliates ...
Sales Agency. The Holdings Partners will be non-exclusive commission sales agents for the Partnership's products and services pursuant to agency agreements that conform to the provisions of this Section 8.1(i) and are otherwise in form and substance reasonably satisfactory to the parties thereto. The agency agreements will provide that all of the Partnership's products and services will be made available to each of the Holdings Partners to offer, promote and package. The sales agency agreements referenced in this Section 8.1(i) will include appropriate customer and territorial restrictions.
Sales AgencyThe parties contemplate that TiVo shall act as Philips' agent, from time to time, for the purpose of booking direct sales and order fulfillment for such sales from Philips to end-users of Philips-branded TiVo Stand-alone Boxes through TiVo's web site. Any such agency shall be granted only pursuant to a separate agreement containing the terms and conditions which apply to any such agency. No such agency shall exist, or be created, until the execution of such an agreement by Philips. At no time shall TiVo have the right to make sales of Philips-branded products into the retail channel. Notwithstanding the foregoing, the parties contemplate that, prior to Commercial Release, TiVo shall purchase from Philips, and Philips shall sell to TiVo, not more than [*] units of Philips-branded TiVo Stand-alone Boxes for sale directly to end-users pursuant to the Purchase Addendum. The purchase price of such Boxes shall be [*] per unit. For sales booked and fulfilled on Philips' behalf after Commercial Release, Philips shall pay or credit to TiVo a commission equal to [*] per unit sold. Such commissions shall be paid within [*] days of the end of each month during which TiVo is booking such sales for which Philips has received full payment.
AutoNDA by SimpleDocs
Sales Agency. Material sales agency, manufacturer's ------------ representative or distributorship agreements, supply agreements, marketing agreements, advertising agreements, agreements with outside credit card companies, licenses and other agreements relating to Intellectual Property, including all Intellectual Property Licenses;
Sales Agency. After the Conversion Period, AFB shall be eligible to act as a sales agent of DTN to solicit and obtain subscriptions to DTN's information services. AFB shall receive $200 for obtaining a basic subscription agreement with a new DTN Subscriber and $350 for obtaining a real time subscription agreement with a new DTN Subscriber. AFB and DTN will execute DTN's standard Sales Agency Agreement upon the foregoing terms. AFB will be a sales agent of DTN only for the purposes and to the extent expressly set forth in such Sales Agency Agreement and its relationship with DTN shall be solely that of an independent contractor. AFB also shall be entitled to receive a referral fee of $50.00 for any referral which results in a new DTN Subscriber. Any solicitation at an AFB meeting which results in a new DTN Subscriber or generates a referral which leads to a new DTN Subscriber shall entitle AFB to the applicable fees as set forth in this paragraph regardless of whether such solicitation is made by a DTN sales representative or a staff member of AFB.
Sales Agency. During the Agency Period, ACN shall provide, or cause to be provided, to Buyer its network of Representatives to act as the limited agent for Buyer to sell Energy Products on behalf and for the benefit of Buyer. ACN shall use its commercially reasonable efforts to cause the Representatives: (i) to sell Energy Products and otherwise promote the Retail Energy Business in a manner consistent with the manner in which such products were sold for the Retail Energy Business prior to the Closing Date, and (ii) to act as agent for the sale of Energy Products exclusively for or on behalf of Buyer. Buyer shall have the right to cause ACN to direct the Representatives with respect to sales of Energy Products, customer service and regulatory matters in accordance with Buyer's Licenses or Certificates, the statutes, rules, regulations, or policies of the applicable jurisdictions in which Buyer has authorized ACN and Representatives to conduct customer acquisition activities (the "Standards"), but in no event shall it have the right to cause ACN to take any actions (or inaction) with respect to management and oversight of, or the commissions or other fees paid or payable to, the Representatives.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!