Gross Commissions definition
Examples of Gross Commissions in a sentence
Definitions Gross Commissions: Commission payments that are received by this Paymaster as clean and cleared funds based on the Client Reference Code and or Transaction Code stated above.
The Royalty Fees shall be earned as and when a contract for the sale of an interest in a ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Unit or a ▇▇▇▇-▇▇▇▇▇▇▇ Residential Unit, as applicable, is closed, regardless of when, or whether, any part of the Gross Sales Price or Gross Commissions, as applicable, are actually paid to, or received by or on behalf of, Licensee and/or its Affiliates.
In addition to the compensation described above, -------------- DoveBid will, each calendar quarter during the Term, purchase an additional amount of advertising in the form of Co-Branded Banners or Co-Branded Buttons in an amount equal to [*] of the Gross Commissions earned by DoveBid on all sales that originate from users that click-through from any DoveBid Link.
The Independent Contractor shall be entitled to 70% (commission share) of the Gross Commissions received by the Travel Agency for sales of travel or services by the Independent Contractor.
The Royalty Fees shall be earned as and when a contract for the sale of an interest in a Licensed Destination Club Unit or a Licensed Residential Unit, as applicable, is closed, regardless of when, or whether, any part of the Gross Sales Price or Gross Commissions, as applicable, are actually paid to, or received by or on behalf of, Licensee and/or its Affiliates.
Independent Contractor shall also be entitled to 70% of the Gross Commissions, if they are booking for their own travel.
If DoveBid owns the asset, then "Gross Commissions" means the imputed transaction fee that would have been collected by DoveBid if DoveBid had charged its standard commission rate on the value of the asset sold.
The Independent Sales Representative hereby authorizes and instructs the Brokerage to withdraw and retain for its own benefit from the Gross Commissions generated by the Independent Sales Representative’s Real Estate Transactions an amount equal to all Variable Recoverable Expenses incurred.
The Franchisee agrees to pay a Royalty Levy to Aussie, which will be calculated on the previous month’s Upfront Commission and will be deducted from the Gross Commissions payment at each Monthly Payment Date, from the Commencement Date.
Except as set forth on Schedule 5.12.1, there were no reductions or payouts in respect of either (a) the Seller 2008 Commission Amount, or (b) the amount set forth above in this Section 5.12.1 with respect to the Closed Stores and no reductions or payouts are reasonably anticipated from future Gross Commissions of the Business.