Future Commissions definition

Future Commissions means Commissions earned after the Effective Date of this Producer Class Action Settlement Agreement under the terms and conditions of a Settlement Class Member’s then-existing and in-force agreement with Defendants, if any, and calculated and paid on the same basis as Defendants are currently calculating and paying commissions due under such agreements; provided, further that Future Commissions do not include (1) Commissions on premiums paid by policyholders due to premium rate increases on long-term care insurance policies; (2) Commissions arising from, based on, or related to the failure to properly calculate and/or pay Commissions in accordance with the vesting provisions of any agreement(s) with Defendants; or (3) Commissions arising from or related to Defendants’ allegedly improper replacement of any person or entity as the agent of record in connection with a sale of an insurance policy.
View Source
Future Commissions means leasing commissions which, pursuant to the Brokerage Agreements described in Schedule D, become due as a result of the exercise after the date hereof of any renewal, extension, expansion or other option under an Existing Lease. “Tenant’s Broker” shall mean the “Broker” as defined in each of the Brokerage Agreements described in “Schedule D” attached hereto. If as of the
View Source
Future Commissions means (i) any leasing commissions which become due and payable after the Effective Date and arise from and by reason of the exercise of any renewal option, extension option, expansion option, lease of additional space, right of first offer, right of first refusal or similar right or option in any such Lease, which is first exercised after the Effective Date, and (ii) all leasing commissions which may become due and payable (whether before or after the Closing Date) in connection with any new Lease entered into between the Effective Date and the Closing Date, in each case which have been approved (or deemed approved) by Purchaser to the extent required by the terms hereof. If as of the Closing Date Seller shall have not paid any Commissions for which Seller is responsible pursuant to the foregoing provisions, then (a) Purchaser shall receive a credit against the Purchase Price in an amount equal to such unpaid Commissions, (b) Purchaser shall thereby assume the obligation of Seller to pay such Commissions, and (c) Seller shall no longer be responsible for the payment of such Commissions.
View Source

Examples of Future Commissions in a sentence

  • Commissions on Forecasted Opportunities (the “Future Commissions”) shall be paid in accordance with Section 5 hereof, except that Future Commissions shall only be paid through the third anniversary of the date of termination or expiration of this Agreement.

  • The foregoing representation and warranty with respect to the Payable Commissions and Future Commissions shall be deemed modified at Closing to reflect any commissions payable with respect to any Leases entered into, modified or terminated pursuant to the terms of this Agreement or in the event of a termination, renewal, extension, expansion, rent increase/decrease or like event occurring pursuant to the terms of the relevant Lease.

  • Seller (or Seller’s predecessor) has paid, or prior to the Closing Date will pay, all brokerage commissions due pursuant to the Brokerage Agreements with respect to the current term of the Leases as in effect on the date of this Agreement (and specifically excluding any Future Commissions).

  • If, as of the Closing Date, Seller and/or any New Company shall have paid any Future Commissions for which Purchaser is responsible pursuant to the foregoing provisions, Purchaser shall reimburse Seller therefor at Closing; provided, that Seller shall supply invoices and statements for all such leasing commissions to Purchaser prior to the Closing Date.

  • Such Remaining Deferred Amount shall be offset by (i) any Future Commissions (defined as below) received by Chardan, (ii) any amounts received by Chardan in connection with the sale of the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (iii) any other amounts paid by the SPAC and/or the Target without engaging Chardan for any additional services.

  • There shall be an adjustment in favor of Seller in the amount of all Initial Commissions listed in Exhibit C to be assumed by Purchaser, all Future Commissions, all Landlord Work and all Landlord Contributions listed in Exhibit C to be assumed by Purchaser, which, prior to the Closing Date, have been paid by Seller.

  • For the avoidance of doubt, at the Closing, Purchaser shall receive a credit in the amounts set forth on Exhibit P attached hereto and made a part hereof, but it shall be Purchaser’s responsibility to pay any such related Future Commissions pursuant such leasing or brokerage agreements in connection with any Lease.

  • Seller shall be responsible for the payment of all Commissions (as defined below); Purchaser shall be responsible for the payment of all Future Commissions (as defined below).

  • Future Commissions will also not be paid if the Company discovers ▇▇▇▇▇▇ has committed any of the offenses outlined in sections 11 or 15(b) after this Contract has terminated.

  • Commissions on Forecasted Opportunities (the “Future Commissions”) shall be paid in accordance with Section 7 hereof, except that Future Commissions shall only be paid through the third anniversary of the date of termination or expiration of this Agreement.


More Definitions of Future Commissions

Future Commissions means the number of years remaining in the Term times the most recent five (5) Agreement Year annual average Commission stream of actual amounts paid as Commissions hereunder; provided, however, if at the time of the default termination less than five (5) full years have elapsed from and after the Commencement Date, Future Commissions shall be determined by reference to Contractor's Commissions projections submitted with its last bid to Licensor (upon which Licensor accepted Contractor's bid).
View Source
Future Commissions shall have the meaning set forth in Section 11.1.3. "Governmental Body" or "Governmental Bodies" shall have the meaning set forth in
View Source
Future Commissions means, with respect to the applicable Individual Premises, (1) the leasing commissions set forth on Schedule 7(h) for such Individual Premises, (2) any leasing commissions which may become due and payable (whether before or after the Closing Date) pursuant to the Brokerage Agreements (as hereinafter defined) by reason of the exercise by a tenant under a Lease of any renewal option, extension option, expansion option, lease of additional space, right of first offer, right of first refusal or similar right or option or the lapse or waiver by a tenant under a Lease of any right of cancellation in each case on or after the date hereof, and (3) all leasing commissions which may become due and payable (whether before or after the Closing Date) in connection with any new Leases entered into between the date hereof and the Closing Date and which have been approved (or deemed approved) by Purchaser to the extent required by the terms hereof (including, without limitation, in connection with any Pending Lease Transaction). If, as of the Closing Date, Seller shall have paid any leasing commissions for which Purchaser is responsible pursuant to the foregoing provisions, Purchaser shall reimburse Seller therefor at Closing; provided, that Seller shall supply invoices and statements for all such leasing commissions to Purchaser prior to the Closing Date. If, as of the applicable Closing Date, there remains payable any brokerage commissions for any of the Leases that remain in effect on the Closing Date (other than the Future Commissions), then Purchaser shall be entitled to a credit in the amount thereof, provided that Purchaser shall be responsible for the payment of such brokerage commission(s) from and after the applicable Closing Date. Purchaser shall indemnify and hold Seller harmless with regard to the payment of such brokerage commission(s) for which Purchaser has received a credit for at such Closing.
View Source

Related to Future Commissions

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

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • 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.

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