Examples of Commission term in a sentence
Each receiving party agrees to retain in confidence, during the Commission Term, and thereafter for a period of seven (7) years, all Confidential Information disclosed to it by or on behalf of the other party, and that it will not, without the written consent of such other party, use Confidential Information for any purpose other than the purposes indicated herein.
Medium-Term Notes, Series I, Commission Schedule Commission Term Rate ---- ---- SCHEDULE II XXXXXX FINANCIAL, INC.
Regardless of the reason therefore, termination of the Commission Term shall not affect LANCER's rights to the Products or Technology (as set forth in Article I of this Agreement) regardless of the reason(s) for such termination, as the transfer of such rights to the Products and Technology is permanent and irrevocable.
The Commission Term shall commence upon the Effective Date, and shall automatically and immediately terminate when the term of consulting Services ends pursuant to Article III.2. hereof, unless terminated earlier pursuant to the terms of this Agreement.
Medium-Term Notes, Series J, Commission Schedule Commission Term Rate ---- ---- SCHEDULE II XXXXXX FINANCIAL, INC.
The aggregate consideration to be paid by LANCER to AG METALS for the Product(s) and Technology (the "Consideration") shall be based on the initial payment set forth below, the payment of any Commission due on the Net Received by LANCER on all Product(s) during the Commission Term, and the payments for consulting Services as set forth in Article III hereof, as those terms are defined herein, subject to the terms and conditions set forth in this Agreement.
The Commission due AG METALS (if any) for any particular quarter shall be calculated at the rate of eight and one-half percent (8.5%) of Net Received from the sales of Product(s) by LANCER during the Commission Term, less the payments made by LANCER for Services under Article III below in that particular quarter, and less any negative Commission balance (showing excess Service payments/draw over Commission due) from prior quarters.