REAL ESTATE COMMISSIONS definition

REAL ESTATE COMMISSIONS. Landlord and Tenant each represent that they have dealt with no finder, agent or broker other than the Brokers set forth in the Fundamental Lease Terms in connection with the negotiation, execution and delivery of this Lease. This provision shall not be construed to create any third party rights hereunder in favor of the Brokers. If any person or entity other than the Brokers shall assert a claim to a finder's fee, broker's commission or other compensation on account of the alleged employment as finder, agent or broker for Tenant or performance of services as a finder, agent or broker for Tenant in connection with this transaction, Tenant shall indemnify and hold Landlord and Landlord's lender harmless from and against any and all claims and all costs, expenses and liabilities incurred in connection therewith, including but not limited to reasonable attorneys' fees and court costs, by any other such finder, broker, agent or other person or entity claiming a commission or other form of compensation by virtue of having dealt with Tenant with regard to this Lease.
View Source
REAL ESTATE COMMISSIONS. Neither Party has contacted any real estate broker, finder or similar person in connection with the transaction contemplated hereby, except Grand Central Commercial Real Estate, Inc. ("Broker"). Purchaser shall pay to Broker at the Closing a brokerage fee (the "Commission") in accordance with a separate agreement entered into between Purchaser and Broker. By execution hereof, Broker agrees that the Commission shall be due only if, as and when the Closing occurs, and that the Commission shall not be due or payable if the Closing fails to occur for any reason whatsoever, including a default by Seller; provided, however, that if the Transaction shall not be closed because of refusal of Seller to perform and Purchaser succeeds in an action for specific performance as set forth in paragraph 16(b), then the Purchaser shall pay the Commission to Broker upon the closing required by a nonappealable judgment of specific performance against Seller. To the actual knowledge of either Party, no other brokerage fees or commissions have been paid or are due and owing to any other person other than to Broker. Seller and Purchaser each hereby agrees to indemnify, defend and hold harmless the other from any claims for any brokerage fees, commissions or similar charges with respect to this transaction, arising by, through or under the indemnifying party and each further agrees to indemnify and hold harmless the other from any loss or damage resulting from any inaccuracy in the representations contained in this paragraph. This indemnification agreement of the parties shall survive the Closing.
View Source
REAL ESTATE COMMISSIONS means the real estate, brokerage, investment banker or other commission paid in connection with the sale of a Project.
View Source

Examples of REAL ESTATE COMMISSIONS in a sentence

  • NOTICE: THE AMOUNT OR RATE OF REAL ESTATE COMMISSIONS IS NOT FIXED BY LAW.

  • BOTH BUYER AND SELLER ACKNOWLEDGE RECEIVING, READING, AND UNDERSTANDING THE SOUTH CAROLINA REAL ESTATE COMMISSIONS AGENCY DISCLOSURE FORM.

  • TENANT SHALL INDEMNIFY AND DEFEND THE LANDLORD PARTIES AGAINST ALL CLAIMS FOR REAL ESTATE COMMISSIONS OR FEES IN CONNECTION WITH THIS SECOND AMENDMENT MADE BY ANY PARTY CLAIMING THROUGH TENANT.

  • The amount of the actual TENANT IMPROVEMENT costs, RELOCATION EXPENSES (EXCLUDING THE INITIAL SPACE LEASED EXCEPT SUITE 705), IF ANY, PAID BY LANDLORD TO MAKE SPACE LEASED AVAILABLE TO TENANT AND REAL ESTATE COMMISSIONS incurred by Landlord shall be supplied to Tenant within sixty (60) days after the build-out occurs.

  • TENANT SHALL INDEMNIFY AND DEFEND THE LANDLORD PARTIES AGAINST ALL CLAIMS FOR REAL ESTATE COMMISSIONS OR FEES IN CONNECTION WITH THIS FIRST AMENDMENT MADE BY ANY PARTY CLAIMING THROUGH TENANT, OTHER THAN THE WASHINGTON PARTNERS, INC.

  • EACH PARTY HERETO REPRESENTS TO THE OTHER THAT (I) THERE ARE NO REAL ESTATE COMMISSIONS, FINDERS’ FEES OR BROKERS’ FEES THAT HAVE BEEN OR WILL BE INCURRED IN CONNECTION WITH THIS AGREEMENT OR THE SALE OF THE PROPERTY, AND (II) SUCH PARTY HAS NOT AUTHORIZED ANY BROKER OR FINDER TO ACT ON SUCH PARTY’S BEHALF IN CONNECTION WITH THE SALE AND PURCHASE HEREUNDER.

  • EACH PARTY HERETO REPRESENTS TO THE OTHER THAT (I) THERE ARE NO REAL ESTATE COMMISSIONS, FINDERS' FEES OR BROKERS' FEES THAT HAVE BEEN OR WILL BE INCURRED IN CONNECTION WITH THIS AGREEMENT OR THE SALE OF THE PROPERTY OTHER THAN THE COMMISSION PAYABLE TO BROKER, AND (II) SUCH PARTY HAS NOT AUTHORIZED ANY BROKER OR FINDER (OTHER THAN BROKER) TO ACT ON SUCH PARTY'S BEHALF IN CONNECTION WITH THE SALE AND PURCHASE HEREUNDER.

  • TENANT SHALL INDEMNIFY AND DEFEND EACH LANDLORD PARTY AGAINST ANY CLAIMS FOR REAL ESTATE COMMISSIONS OR FEES IN CONNECTION WITH THIS FIRST AMENDMENT MADE BY ANY PARTY CLAIMING THROUGH TENANT.

  • LESSEE SHALL INDEMNIFY, DEFEND AND HOLD HARMLESS LESSOR FOR, FROM AND AGAINST ANY AND ALL CLAIMS FOR REAL ESTATE COMMISSIONS OR FEES IN CONNECTION WITH THIS FIRST AMENDMENT MADE BY ANY PARTY CLAIMING THROUGH LESSEE.

  • Prior authorization in writing by COUNTY Contract Administrator shall be required before CONSULTANT enters into any unbudgeted purchase order, or subcontract exceeding five thousand dollars ($5,000) for supplies, equipment, or CONSULTANT services.


More Definitions of REAL ESTATE COMMISSIONS

REAL ESTATE COMMISSIONS. Both of the parties warrant and represent that neither has entered into any contract with a real estate agent or broker and neither owes real estate commissions with regard to this transaction. MATERIAL CHANGE: Prior to the Closing Date, ▇▇▇▇▇▇ agrees to prevent any material adverse change in the title or condition of the Property.
View Source
REAL ESTATE COMMISSIONS means any and all real estate commissions and other similar fees, costs or expenses, including a subordinated real estate disposition fee payable to Centennial Investment Company pursuant to Article 8.3, incurred in connection with the Sale of Properties owned by the Partnership. 1.41 "Sale" means any transaction or series of transactions whereby- (i) the Partnership sells, grants, transfers, conveys or relinquishes its ownership of any Property or portion thereof, including any event with respect to any such Property which gives rise to insurance claims or condemnation awards; (ii) the Partnership sells, grants, transfers, conveys or relinquishes its ownership of all or substantially all of the interest of the Partnership in any joint venture or partnership in which it is a co-venturer or partner; or (iii) any joint venture or partnership in which the Partnership is a co-venturer or partner sells, grants, transfers, conveys or relinquishes its ownership of any Property or portion thereof, including any event with respect to any such Property which gives rise to insurance claims or condemnation awards. 1.42 "Selling Commissions" mean any and all commissions payable to underwriters, managing dealers or other broker-dealers in connection with the sale of Units as described in the Prospectus, including, without limitation, commissions payable to Centennial Investment Company. 1.43 "Substituted Limited Partner" means a person or entity who is admitted to the Partnership pursuant to the provisions of Article 14.3 hereof and in accordance with the provisions of the Act. 1.44 "Termination Date" means December 31, 2025, or such earlier date as the Partnership may be terminated pursuant to any provision of this Agreement. 1.45 "Unit" means the Partnership Interest represented by a Capital Contribution of $500.
View Source

Related to REAL ESTATE COMMISSIONS

  • Competitive Real Estate Commission means a real estate or brokerage commission paid for the purchase or sale of a Property that is reasonable, customary and competitive in light of the size, type and location of the Property.

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

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

  • Real estate salesperson means a natural person who acts on

  • Housing commission means a housing commission or housing authority as defined under section 3 of the housing cooperation law, 1937 PA 293, MCL 125.603.