Indemnity Commission definition

Indemnity Commission means any Initial Commission paid in advance of being earned (and references to payment of Commission on an Indemnity basis shall be construed accordingly).
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Indemnity Commission any Commission consisting of or including any element of increased or advance Commission which we may pay (subject to any discount for early payment at a rate we determine from time to time in our discretion) in our absolute discretion in accordance with this Agreement and which is liable to be repaid to us and/or clawed back in accordance with this Terms. "Initial Commission" Commission payable on entry of a Client into a Product.
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Indemnity Commission means an immediate advance of the full initial Commission discounted at 1% per month compound due to be earned over the initial period as set out in the relevant Policy and quotation.
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Examples of Indemnity Commission in a sentence

  • The Unearned Indemnity Commission sum is calculated upon the date of receipt of your release request.

  • Comment: The three existing Refuse Stations were intentionally located in the 1980's symmetrically around the City to provide a good service and reasonably equal travel distances for the public and commercial sectors to offload their refuse.

  • Where you request an Adviser Account Transfer to your Adviser Account we will only consider making an Adviser Account Transfer if the transferring Firm consents and you agree to accept liability for any Remuneration that may be reclaimed by us (including but not limited to unearned Indemnity Commission paid on the Business transferred).

  • Where we demand repayment of Indemnity Commission, we are not obliged to agree to any repayment plan or give time to pay any sum demanded.

  • The court clerk shall not be civilly liable for any errors or omissions made when providing the debtor with a receipt or statement pursuant to this section.

  • Payment of Indemnity Commission shall be in our absolute discretion as will be the frequency with which it is paid.

  • For Regular Premium policies, no Indemnity Commission is allowed beyond the conditions set out below.

  • It will come before the Planning Commission for consideration at their April 16, 2018 meeting.

  • In such circumstances, as long as You tell Us in writing, We may at Our discretion transfer the payment of renewal Commission to Another Adviser provided they've accepted in writing any contingent liability to repay Us any unearned Indemnity Commission already paid to You and as long as We are able to do so in accordance with the Regulatory Handbook.

  • In the event that any of the circumstances set out in clause 7.3 apply to You, You agree to repay the whole or proportionate part of Your Indemnity Commission received in respect of a Policy.


More Definitions of Indemnity Commission

Indemnity Commission means Commission which is payable in a single lump sum as set out in Schedule 2 and subject to the provisions of clause 5;
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Indemnity Commission means an advanced payment of Service Commission by LifeQuote to the Intermediary which has not been earned at the date of payment, taking into account the Indemnity Period in respect of a particular Product;
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Related to Indemnity Commission

  • City Commission means the legislative body of the City of Miami.

  • State Energy Commission means The State Energy Commission of Western Australia as described in section 7 of the State Energy Commission Xxx 0000;

  • Finance commission means the Finance Commission of Texas.

  • 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.

  • Interstate commission means the Interstate Commission for Juveniles created by Article III of this compact.

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

  • Tax Commission means the Oklahoma Tax Commission;

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

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

  • Federal Energy Regulatory Commission or "FERC" means the

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • County commission means the board of county commissioners of the county.

  • Civil Service Commission means the commission required under Section 5 of Article XI of the Michigan Constitution of 1963.

  • Planning Commission means the City’s Planning Commission.

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

  • Governmental Bar Date means the date established pursuant to the Bar Date Order by which Proofs of Claim of Governmental Units must be Filed.

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

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

  • Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15. Energy Market Opportunity Costs shall be limited to those resources which are specifically delineated in Operating Agreement, Schedule 2. Energy Resource:

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Public utilities means those utilities defined in sections 4905.02, 4905.03, 4907.02, and 4907.03 of the Revised Code; in the case of a foreign corporation, it means those utilities defined as public utilities by the laws of its domicile; and in the case of any other foreign issuer, it means those utilities defined as public utilities by the laws of the situs of its principal place of business. The term always includes railroads whether or not they are so defined as public utilities.

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

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • 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.

  • Public Utilities Act means the Illinois Public Utilities Act, 220 ILCS 5.

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