Assumed Commissions definition

Assumed Commissions is defined in Section 9.3(b) of the Agreement.
Sample 1
Assumed Commissions has the meaning set forth in Section 1.3(b)(iii).
Sample 1
Assumed Commissions means the obligations of Versyss or PCN to pay sales commissions to any sales person, sales representatives or sales agent of Versyss or PCN (whether or not such person is a Designated Employee (as defined in Section 9.3(a) above) or is offered or accepts employment with the Purchaser following the Closing) on account of any sale of the products of the Commercial Business made: (i) prior to the Closing and for which an account receivable exists and is properly recorded on the books and records of the Commercial Business on the Closing Date; or (ii) from and after the Closing.
Sample 1

Examples of Assumed Commissions in a sentence

  • The Buyer shall receive a credit toward the Purchase Price at Closing for the Initial Payment, the Assumed Commissions, and any Installment Payments paid by Buyer whether used by Seller or remaining in the Purchase Price Escrow Account.

  • Buyer, during the Term of the Management Agreement, may pay, cause to be paid, satisfy or otherwise resolve the Assumed Commissions and to the extent any Assumed Commissions are paid, caused to be paid, satisfied or otherwise resolved, Buyer shall receive a credit towards the Section 3.1(a)(iii) portion of the Purchase Price on the Closing Date.

  • Employees who sign up for extra work will be called at the telephone number provided by the employee for this purpose.

  • From and after the Closing Date, the Assumed Commissions shall be a liability assumed by Buyer.

  • Except for the Assumed Commissions, any and all defaults under any Assigned Contracts existing prior to the Commencement Date will be cured by Seller prior to the Commencement Date and Seller shall pay all Cure Costs with respect thereto.


More Definitions of Assumed Commissions

Assumed Commissions has the meaning set forth in Section 2.7.
Sample 1
Assumed Commissions means commissions payable by Buyer, pursuant to the commission arrangements described in Schedule 1.3. “Qualified Out-of-Pocket Expenses” means out-of-pocket third party expenses (i) incurred by Seller prior to the Effective Time but are not due until after the Effective Time, (ii) that relate to Seller Pipeline Loans acquired by Buyer and (iii) that are of a type that would be customarily paid through escrow.
Sample 1
Assumed Commissions means the obligations of WM or PCN to pay sales commissions to any sales person, sales representatives or sales agent of one or both of WM and PCN (whether or not such person is a Designated Employee (as defined in Section 9.3(a) above) or is offered or accepts employment with the Purchaser or Medical Manager following the Closing) on account of any sale of the products of the Sm*rt Practice Business made: (i) prior to the Closing and for which an account receivable (x) exists and is properly recorded on the books and records of the Sm*rt Practice Business on the Closing Date and (y) is collected by the Purchaser following on or following the Closing Date; or (ii) from and after the Closing.
Sample 1

Related to Assumed Commissions

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Governmental Entities has the meaning ascribed to it in the Purchase Agreement.

  • traffic data means any data processed for the purpose of the conveyance of a communication on an electronic communications network or for the billing thereof;

  • Commissions means the Commissions with Jurisdiction over the Issuer (as defined on page 4) and the securities commissions incorporated in the definition of this term in other parts of the Subscription Agreement;

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Third Parties means all lessees, sublessees, licensees and other users of the Properties, excluding those users of the Properties in the ordinary course of the Borrower's business and on a temporary basis.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • EMA means the European Medicines Agency or any successor agency thereto.

  • the Commission means the Charity Commission for England and Wales;

  • Planning Commission means the City’s Planning Commission.

  • Local governmental entity means a county, municipality, school district, junior college district, or other political subdivision of this state or a local government corporation, board, commission, district, or authority to which a member is appointed by the commissioners court of a county, the mayor of a municipality, or the governing body of a municipality. The term does not include an association, corporation, or organization of governmental entities organized to provide to its members education, assistance, products, or services or to represent its members before the legislative, administrative, or judicial branches of the state or federal government.

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Governmental Filings means all filings, including franchise and similar tax filings, and the payment of all fees, assessments, interests and penalties associated with such filings with all Governmental Authorities.

  • Antitrust Authorities means the Antitrust Division of the United States Department of Justice, the United States Federal Trade Commission or the antitrust or competition Law authorities of any other jurisdiction (whether United States, foreign or multinational).