Assignment of Commissions definition

Assignment of Commissions means, with respect to Commission Rights, an assignment executed by Seller or any of its Affiliates, as the case may be, Buyer or its Affiliates and the related Insurance Company, in a form acceptable to Buyer (unless otherwise provided), including an assignment of all agreements between an Insurance Company, on one hand, and a Producer, on the other hand, that is necessary or advisable to ensure that the Buyer continues to have the same Commission Rights with respect to the Business as operated by it following the Closing as the Seller enjoyed prior to the Closing and that Producers continue to have the same relationship to the Business following the Closing as they had prior to the Closing.
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Assignment of Commissions means, with respect to Commission Rights, an assignment executed by the Company, any of its Subsidiaries or any of their respective Affiliates, as the case may be, Buyer or its Affiliates and the related Insurance Company, in a form reasonably acceptable to Buyer (unless otherwise provided).
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Examples of Assignment of Commissions in a sentence

  • You may assign your right to receive commissions under this Agreement, but only with the Company's prior written consent, which the Company may give in its sole discretion and only by submitting the appropriate Assignment of Commissions form.

  • As contemplated by the terms of the Promissory Note, Buyer shall also execute an Assignment of Commissions in the form of Exhibit "H" pursuant to which Buyer shall assign to Seller all amounts to which it would be otherwise entitled as commissions from Alpha Micro, to be applied against the amounts due under the Promissory Note and as earnout pursuant to Paragraph (c) below.

  • Initial Request for Setup Change Existing Account Assignment of Commissions Form has been completed and submitted.

  • An Assignment of Commissions is an instrument through which a person or entity who, by agreement, is to receive commissions the Assignor) assigns his right to receive commissions to another entity or person (the Assignee).

  • Subject to the other provisions of this Part III, you may designate another person or entity to receive your commissions (your “Assignee”); upon your request we will provide you an Assignment of Commissions Form, or other documentation, for that purpose.

  • An Acknowledgment of Assignment of Commissions in the form of Exhibit "I" executed by Alpha Micro.

  • Should a request for commissions by sub-producers be paid directly to the Producer, an Assignment of Commissions form must be completed, notarized, and submitted.

Related to Assignment of Commissions

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Assignment of Claims Act means the Assignment of Claims Act of 1940 (41 U.S.C. Section 15, 31 U.S.C. Section 3737, and 31 U.S.C. Section 3727), including all amendments thereto and regulations promulgated thereunder.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.