Minimum Commission definition

Minimum Commission means the minimum commission as specified in the Application.
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Minimum Commission shall be equal to the MRR for April 2023 multiplied by thirty-five percent (35%); that result multiplied by twelve (12). By way of example only, if the MRR for April 2023 is $100,000, the Minimum Commission would be $420,000; the formula is $100,000 x .35 x 12 = $420,000.
Sample 1
Minimum Commission means, with respect to any Calculation Period, the sum of $100,000. You further agree that we may, at our option, charge the amount of the Shortfall at any time owing to us to your account with us. At your request and as an accommodation to you, we hereby agree that, notwithstanding the foregoing, so long as you are in compliance with all of the terms and conditions of this Agreement and all related documents and no default or event of default has occurred hereunder or thereunder:
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Examples of Minimum Commission in a sentence

  • If the Rent and Commission together is less than the Minimum Commission amount, the Licensee shall pay the balance up to the Minimum Commission amount.

  • The preceding sentence does not limit LE’s ability to adjust order volume, subject to its obligation for the Minimum Commission.

  • Buyer will keep and preserve accurate records of each transaction relating to Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission for the longer of (i) the minimum period required by Applicable Law, and (ii) two years following the applicable transaction.

  • Upon Seller’s reasonable request Buyer will provide Seller with information that will enable Seller to confirm Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission.

  • Seller, with reasonable notice to Buyer, may during normal business hours conduct audits of the books and records of Buyer to confirm Buyer’s calculations of Royalties, Kenmore Royalty Credit, and Average Aggregate Minimum Commission (each an “Audit”).

  • At the conclusion of the Event, if the total Commission received by Northlands exceeds the Minimum Commission, Northlands shall keep the total Commission and shall refund the Rent to the Licensee.

  • To be eligible for the Kenmore Royalty Credit for a Buyer fiscal quarter Buyer will during the fiscal quarter pay the Franchisees and the owners of the Sears Hometown Stores the Average Aggregate Minimum Commission Rate specified on Appendix 5(d) on sales of Kenmore-Branded Products.

  • The General Agent shall be allowed to withhold commission at the Provisional Commission percentage and earn commission at the Minimum Commission rate as set forth in the Quota Share Agreement.

  • At the conclusion of the Event, if the total Commission received by Explore Edmonton exceeds the Minimum Commission, Explore Edmonton shall keep the total Commission and shall refund the Rent to the Licensee.

  • During such time that the performance of obligations is suspended or delayed, if Agent is not able to provide the Buying Agency Services as described in Section 5 hereof, LE may suspend payment of the Commission in proportion to the duration of the suspension or delay, and if the suspension or delay extends more than five (5) business days the Minimum Commission may be reduced in proportion to the suspension or delay.


More Definitions of Minimum Commission

Minimum Commission shall have the meaning set forth in Section 2.4(e) hereof.
Sample 1
Minimum Commission. The consignor agrees to pay a $10.00 minimum commission fee for any items sold.
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Minimum Commission means: the sum of £90 where the commission earnt would be less than that sum.
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Minimum Commission means $0.
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Related to Minimum Commission

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

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

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Selling Commission means three percent (3.0%) 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.

  • Minimum Price shall have the meaning specified in Section 7.1(d).

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

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • Sales Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Stock, including, without limitation, commissions payable to the Dealer Manager.

  • Planning Commission means the Planning Commission of the City.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Commission Share means each C share issued under circumstances which would normally give rise to an obligation of the holder of such share to pay a CDSC upon redemption of such share (including, without limitation, any C share issued in connection with a permitted free exchange), and any such share shall continue to be a Commission Share of the applicable Fund prior to the redemption (including a redemption in connection with a permitted free exchange) or conversion of such share, even though the obligation to pay the CDSC may have expired or conditions for waivers thereof may exist.

  • Minimum wage means wages as defined under the Minimum Wages Act-1948 and amended from time to time.

  • Water quality volume means the volume equal to the first one-half inch of runoff multiplied by the impervious surface of the land development project.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • 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.

  • Maximum allowable cost list means a list of drugs for

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

  • Ceding Commission means [REDACTED]. ]

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.