Default Commission definition

Default Commission shall bear the meaning set out in Clause 4.5;
Sample 1Sample 2Sample 3
Default Commission. Please check the commission option you would like to be the default commission paid to any registered representative that does not indicate the commission option desired on the contract information sheet. There is only one default Option allowed. Once a policy is issued, the commission option cannot be changed. Option A - 6% of purchase payments paid up front (no trails). Option B - 4.5% of purchase payments paid up front with .25% immediate trail paid on a quarterly basis. Option C - 1% of purchase payments paid up front with .80% immediate trail paid on a quarterly basis.
Sample 1Sample 2

Examples of Default Commission in a sentence

  • The Commission Option Selection(s) and Default Commission Option Selection made in this Section apply to ALL registered product business produced by Broker/Dealer and its Producers when options are available.

  • When a player or his Association does not agree with a decision taken by the Ranking Default Commission an appeal may be made to the Executive Committee whose decision will be final.

  • The Technical Delegate on duty at a competition shall report to the Ranking Default Commission all cases covered by this regulation, submitting detailed explanation for each case subject to consideration by the Commission.The Commission will then confirm or reverse the proposal.

  • In each case, any amount of accrued and unpaid Default Commission shall be deducted from the amounts otherwise payable to Alcoa.

  • Any calculation of Default Commission under this Clause 4.5 shall be made on the basis of the actual number of days elapsed and a three hundred and sixty (360) day year.

  • If a Subordinated Loan Creditor, a Sponsor, the Mosaic Shareholder or an Acceding Shareholder fails to make payment of any amount payable by it under this Agreement, such person shall pay Commission on each sum demanded (both before and after judgment) from the date of demand until the date of payment calculated on a daily basis at the rate determined in accordance with the provisions of clause 10.2 (Default Commission) of the Common Terms Agreement.

  • In this scenario, the priority is to limit the potential risk of the defaulter’s portfolio, by settling both the participant’s portfolio and guarantees.Once the default is submitted, the Default Commission will be constituted.

  • REGISTERED PRODUCTS (TRADITIONAL FIXED ANNUITIES AND LIFE INSURANCE) The Commission Option Selection(s) and Default Commission Option Selection made on this page apply to ALL non-registered products business produced by Broker/Dealer pursuant to the Jackson National Life Insurance Company of New York/Jackson Natxxxxx Xife Distributors, Inc.

  • If a Shareholder fails to pay or advance an amount in accordance with this Clause 4 by the Funding Deadline, the unpaid amount of such Required Shareholder Funding shall bear a commission (the "Default Commission") from and after the date due to the date such amount is paid at a rate per annum equal to the Commission Rate plus two percent (2%), payable upon demand by the relevant Company or the non-defaulting Shareholder or, failing such demand, monthly in arrears.

  • At the Cofiguration page, click on Market Place tab Step 2.Add value for these following data fields as per screenshot 🗌 Enable: To select publish or unpublish the Multi Vendor Marketplace extension🗌 Admin Email: Add email of administration 🗌 Default Commission in Percentage: Type percentage number to set commission for product selling price.

Related to Default Commission

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Net Default Charges With respect to any Mortgage Loan, Serviced Loan Combination or successor REO Mortgage Loan, the Default Charges referred to in clause third of Section 3.25(a) or clause fourth of Section 3.25(c), which are payable to the applicable Master Servicer as Additional Master Servicing Compensation or the applicable Special Servicer as Additional Special Servicing Compensation.

  • default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Base Rate Loans plus four percent (4.0%).

  • Default Date the meaning set forth in Section 3.2(a).

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Default Period means any period of time beginning on the first day of any month during which a Default or Event of Default has occurred and ending on the date the Lender notifies the Borrower in writing that such Default or Event of Default has been cured or waived.

  • Senior Payment Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. In the event that any Senior Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company, the Subsidiary Guarantors and the Trustee of written notice of such Senior Nonmonetary Default from the agent for the Designated Senior Debt which is the subject of such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Designated Senior Debt the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date of such receipt of such written notice; or (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company, any Subsidiary Guarantor or the Trustee from the agent for the Designated Senior Debt initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Sixteen by delivering and crediting pursuant to Section 1602 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with respect to the Securities of a particular series during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days, unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  • Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease Deficit Demand.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Reporting Default means a Default described in Section 6.01(d).

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Funding Default as defined in Section 2.22.