Termination of Commissions Sample Clauses

Termination of Commissions. It is expressly understood and agreed that if Producer or any of its Marketing Representatives cause or aid or abet others to cause any of CAREINGTON Members to cancel, lapse or fail to renew their Benefits Plans with CAREINGTON, or if Producer or any of its Marketing Representatives cause or aid or abet others to cause any of CAREINGTON members to purchase the same or similar membership benefits from another provider, then if either of said events occur, no further commissions of any type shall thereafter accrue or be payable under this Agreement and this Agreement shall automatically terminate upon the occurrence of either of such events.
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Termination of Commissions. 17.1 Xxxxxx’s entitlement to compensation of any kind may cease in the event of: (a) its bankruptcy; (b) its conviction of an offence under the Criminal Code of Canada; (c) its commission of an act of fraud against Empire Life or any of its policyholders; or (d) its commission of an act of gross negligence in the carrying out of its duties and obligations under this Agreement. 17.2 Empire Life may withhold compensation with respect to the Broker for a commercially reasonable time in order to investigate whether an action described in subsections (a) to (c) above has caused or will cause damage to Empire Life or its policyholders.
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Termination of Commissions. In addition to any other rights and remedies available, If MDU Dealer defaults on the payment to EchoStar of Programming charges for any Qualifying Subscribers, and if EchoStar subsequently terminates this Agreement as a result of such payment default pursuant to the provisions of Section 9.3 and ceases to provide all Programming pursuant to this Agreement, MDU Dealer shall not be entitled to any Commissions on such Qualifying Subscribers with respect to any Programming changes not paid to EchoStar by MDU Dealer prior to collection efforts by EchoStar which would otherwise be due to MDU Dealer. EchoStar shall have no liability to MDU Dealer as a result of such termination. Upon cure of the breach or default, all amounts suspended shall be credited to MDU Dealer's account.
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Termination of Commissions. MTP will not be obligated to pay any and all commissions set forth in this agreement and in Exhibit A to the RA if IM or its assignees stop making commission payments to MTP due to bankruptcy, liquidation, or for any other reason that IM or its assignees discontinue commission payments to MTP. MTP will present evidence to the RA that a material and demonstrable change has occurred to MTP’s commissions. This evidence will be presented to the RA under the terms of a non-disclosure agreement.
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Termination of Commissions. (a) In the event that the Representative terminates this Agreement for convenience, Lattice will pay commissions to the Representative for Product shipments to OEM customers through the date of termination, and for distributor Product resales which occur through the date of termination and are reported to Lattice, in the report for the distributor's fiscal month in which the date of termination occurs.. (b) In the event that Lattice terminates this Agreement for cause as provided in Section 9.2, Lattice will pay commissions to the Representative for Product shipments to OEM customers through the date of termination, and for distributor Product resales which occur and are reported to Lattice, through the date of termination. (c) In the event that Lattice terminates this Agreement as provided in Section 9.2 due to a conflict of interest by the Representative pursuant to Section 2.4, all Lattice obligations to pay commissions to the Representative will immediately terminate. (d) In the event that Lattice terminates this Agreement for convenience, or the Representative terminates this Agreement due to Lattice's breach or insolvency, Lattice will pay commissions to the Representative for OEM customer Product orders booked before the termination date which are shipped through the date of termination. If the Representative has been a sales representative for Lattice for at least two (2) years as of the date of termination, then in the event of such termination Lattice will pay commissions for OEM customer Product orders booked before the termination date which are shipped within thirty (30) days after the date of termination. The thirty (30) days after termination shipment period will be extended an additional thirty (30) days if the Representative has been a sales representative for Lattice for at least three (3) years as of the date of termination, but in no event will be extended beyond a maximum of sixty (60) days after the date of termination. Lattice will also pay commissions on distributor Product resales which occur through the date of termination and are reported to Lattice in the report for the distributor's fiscal month in which the date of termination occurs.
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Termination of Commissions. If this Agreement is terminated for just cause as set forth in Section 4 below, or if Aflac, before or after the termination of this Agreement, should discover that Producer has committed or is committing any of the acts described in Sections 4, 5 or 6 of this Agreement, all of Producer’s rights to any accrued, deferred or otherwise unpaid commissions under this Agreement shall terminate. A termination under this Section 3.11 shall not constitute an election by Aflac to forego any claim it may have against Producer.
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Termination of Commissions. Notwithstanding anything in the Compensation Plan to the contrary, in no event will an ISR, regardless of Title or Vested Years be entitled to Commissions upon the occurrence of the following events: (a) Termination of the Agreement with cause; (b) After expiration or termination of the Agreement without cause, an ISR breaches Independent Sales Representative Agreement Sections 19(b)(vi) or Independent Sales Representative Agreement 19(b)(vii) of the Agreement; or (c) Upon the occurrence of an event described above in Section D.3. or Section
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Related to Termination of Commissions

  • Termination of Commitments Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.

  • Termination of Agreements (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, each of UTC, Carrier and Otis and each member of their respective Groups hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among a Party and/or any member of such Party’s Group, on the one hand, and another Party and/or any member of such other Party’s Group, on the other hand, effective as of the applicable Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof that purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. (b) The provisions of Section 2.7(a) shall not apply to any of the following agreements, arrangements, commitments or understandings (or to any of the provisions thereof): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement to be entered into by any of the Parties or any of the members of their respective Groups or to be continued from and after the Effective Time); (ii) any agreements, arrangements, commitments or understandings listed or described on Schedule 2.7(b)(ii); (iii) any agreements, arrangements, commitments or understandings to which any Third Party is a party thereto (including any Shared Contracts); (iv) any intercompany accounts payable or accounts receivable accrued as of the Effective Time that are reflected in the books and records of the Parties or otherwise documented in writing in accordance with past practices, which shall be settled in the manner contemplated by Section 2.7(c); (v) any agreements, arrangements, commitments or understandings to which any non-wholly owned Subsidiary of UTC, Carrier or Xxxx, as the case may be, is a party (it being understood that directors’ qualifying shares or similar interests will be disregarded for purposes of determining whether a Subsidiary is wholly owned); and (vi) any agreements for the sale, lease, construction or receipt of goods, property or services purchased, obtained or used in the ordinary course of business by a member of any Group from a member of another Group prior to the Effective Time. (c) All of the intercompany accounts receivable and accounts payable between any member of a Party’s Group, on the one hand, and any member of another Party’s Group, on the other hand, outstanding as of the Effective Time shall, as promptly as practicable after the Effective Time, be repaid, settled or otherwise eliminated in a manner as determined by UTC in its sole and absolute discretion (acting in good faith).

  • Termination of Commitment On the service of a notice under paragraph (a) of Clause 18.2, the Commitment and all other obligations of the Lender to the Borrower under this Agreement shall terminate.

  • Mandatory Termination of Commitments The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Scheduled Termination of Commitments Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Termination and Reduction of Commitments (a) Unless previously terminated, (i) all Commitments shall terminate on August 15, 2022 if the Funding Date shall not have occurred prior to such time, (ii) any unfunded Term Loan Commitments shall terminate on the Funding Date after the funding of Term Loans on such date and (iii) all other Commitments shall terminate on the Maturity Date. (b) The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments and, prior to the Funding Date, the Term Loan Commitments; provided that, (i) each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $2,500,000 and not less than $2,500,000 (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, (A) the amount of any Revolving Lender’s Revolving Credit Exposure would exceed its Revolving Commitment or (B) the Total Revolving Credit Exposure would exceed the aggregate Revolving Commitments and (iii) each reduction of the Term Loan Commitments shall be in an amount that is an integral multiple of $2,500,000 and not less than $2,500,000. (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that, a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or other transactions specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the (i) Revolving Commitments shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments and (ii) Term Loan Commitments shall be made ratably among the Term Lender’s in accordance with their respective Term Loan Commitments.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Effectiveness, Duration and Termination of Agreement This Agreement shall become effective as of the first date above written. This Agreement shall remain in effect for two years, and thereafter shall continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (a) the vote of the Corporation’s Board of Directors, or by the vote of a majority of the outstanding voting securities of the Corporation and (b) the vote of a majority of the Corporation’s Directors who are not parties to this Agreement or “interested persons” (as such term is defined in Section 2(a)(19) of the Investment Company Act) of any such party, in accordance with the requirements of the Investment Company Act. This Agreement may be terminated at any time, without the payment of any penalty, upon 60 days written notice, by the vote of a majority of the outstanding voting securities of the Corporation, or by the vote of the Corporation’s Directors or by the Adviser. This Agreement will automatically terminate in the event of its “assignment” (as such term is defined for purposes of Section 15(a)(4) of the Investment Company Act). The provisions of Section 8 of this Agreement shall remain in full force and effect, and the Adviser and its representatives shall remain entitled to the benefits thereof, notwithstanding any termination or expiration of this Agreement. Further, notwithstanding the termination or expiration of this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Section 3 of this Agreement through the date of termination or expiration.

  • Termination of Commitment to Lend Notwithstanding anything in the Loan Documents, Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lender’s sole election, the occurrence of any Default or Event of Default hereunder, and (ii) the applicable Commitment Termination Date. Notwithstanding the foregoing, Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower shall terminate if, in Lender’s sole judgment, there has been a material adverse change in the general affairs, management, results of operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lender on or before the date of this Agreement.

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