Sales Representatives Commission Claims definition

Sales Representatives Commission Claims means the Allowed Claims of a Purchaser Sales Representative solely for and in the amount of the actual unpaid prepetition sales commissions earned in the ordinary course of the Business. If Allowed Claims for Sales Representatives Commissions exceed $34,230,769, the Allowed amount of such Claims in excess thereof shall be classified as a General Unsecured Claim.
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Examples of Sales Representatives Commission Claims in a sentence

  • Class 6(a) consists of all Non-Opt-Out Sales Representatives Commission Claims.

  • As part of the Sale Transaction, the Purchaser (a) shall assume the obligations to honor the Assumed Deferred Revenue Liability, make payments pursuant to the Sales Representatives Commission Claims Payment Plan, honor the Purchaser Honored Virtual Currency, and pay the Cure Costs and (b) shall issue the Purchaser Note.

  • No Cash payment of less than $250.00, in the Liquidating Trustee’s reasonable discretion, shall be made to a Holder of an Allowed Claim or Allowed Interest on account of such Allowed Claim or Allowed Interest, provided, however, that this provision shall not apply to Convenience Class Claims or Sales Representatives Commission Claims.

  • Class 6(b) consists of all Opt-Out Sales Representatives Commission Claims.

  • Distributions No Cash payment of less than $250.00, in the Liquidating Trustee’s reasonable discretion, shall be made to a Holder of an Allowed Claim or Allowed Interest on account of such Allowed Claim or Allowed Interest, provided, however, that this provision shall not apply to Convenience Class Claims or Sales Representatives Commission Claims.

  • Notwithstanding any of the above foregoing, the distribution of Plan Shares to holders of Allowed Class 6(a) Non-Opt-Out Sales Representatives Commission Claims shall not be seen as a payment on account of such claim for the purposes of the application of Article VI, Section G to whatever an Allowed Class 6(a) Non-Opt-Out Sales Representatives Commission Claims would otherwise be entitled to under the Plan.

  • Each Claim on account of commissions held by a Non-Opt-Out Sales Representative shall (a) be satisfied pursuant to the Sales Representatives Commission Claims Payment Plan, the Future Compensation Plan, and the Purchaser Sales Representative Agreement, and (b) receive his/her/its Pro Rata Share of Tier II Proceeds, as full and final satisfaction, settlement, and release of, and in exchange for, his/her/its Sales Representatives Commission Claim against the Estates.

  • In addition to the treatment provided to holders of Allowed Class 6(a) Non-Opt-Out Sales Representatives Commission Claims as detailed in the Fourth Amended Joint Plan, holders of Allowed Class 6(a) Non-Opt-Out Sales Representatives Commission Claims may receive Plan Share in each of the Post Confirmation Debtors that HFG-CAP elects to take Plan Shares in lieu of payment on its Allowed Administrative Claim.

  • Each Claim on account of commissions held by a Non-Opt-Out Sales Representative shall (a) be satisfied pursuant to the Sales Representatives Commission Claims Payment Plan, the Future Compensation Plan, and the Purchaser Sales Representative Agreement, and (b) receive his/her/its Pro Rata Share of Tier II Proceeds, as full andfinal satisfaction, settlement, and release of, and in exchange for, his/her/its Sales Representatives Commission Claim against the Estates.

  • Section 2.1 Augmented Treatment of Allowed Class 6(a) Non-Opt-Out Sales Representatives Commission Claims.

Related to Sales Representatives Commission Claims

  • Sales Representative means a person employed by, acting on

  • Industry representative sample means liquor that is placed in the possession of the department for testing, analysis, and sampling by a local industry representative on the premises of the department to educate the local industry representative of the quality and characteristics of the product.

  • Independent Distributor means a person, business, or firm that is neither authorized nor franchised by an Original Component Manufacturer (“OCM”) to sell or distribute the OCM’s products but which purports to sell, broker, and/or distribute such OCM products. Independent Distributors are also referred to as unfranchised distributors, unauthorized distributors, and/or brokers.

  • Project Coordination Unit or “PCU” means the unit referred to in Section I.1 of Schedule 4 to this Agreement;

  • Advisory Representative means any Supervised Person, who in connection with his or her regular functions or duties, normally makes, participates in, or otherwise obtains current information regarding the Purchase or Sale of a Security by the Firm, or whose functions relate to the making of any recommendations with respect to such purchases or sales, and any natural Person in a Control relationship to the Firm who obtains information concerning recommendations made concerning a Purchase or Sale of a Security. This definition includes but is not limited to the following: partner, officer, Manager, investment person, Portfolio Manager and any other Supervised Person of the Firm designated as an “Advisory Representative” from time to time by the Review Officer.

  • Contractor’s Representative means the individual authorised to act on behalf of the Contractor for the purposes of the Contract. The initial Contractor’s representative is as indicated in the Form of Agreement.

  • Industry representative means an individual who is compensated by

  • Licensing representative means a person authorized by the Department under Section 5 of the Child Care Act of 1969 to examine facilities for licensure.

  • Project Coordinator means the employee of Alamo Colleges District designated in Exhibit A hereto who will manage the relationship between Alamo Colleges District and Contractor. The designated employee will be knowledgeable of the Project and be experienced in managing projects similar to the one established herein.

  • Management Representative means an individual designated to hear grievances on behalf of the University.

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

  • Independent representative means a person who:

  • Procurement Representative means the person authorized by ULA’s cognizant procurement organization to administer and/or execute this Contract.

  • Designated Contract Representative(s) means those individual(s) designated by the Contractor on the Pre-Work form during the Pre-Work Conference.

  • Independent System Operator means a person that may receive or has received, by transfer pursuant

  • Specified Personnel means the personnel specified in the Contract to provide the Services.

  • SBE Program Coordinator means the individual appointed, from time to time, by the City’s Community and Economic Development Director to administer the SBE Regulations.

  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Authority’s Representative means the individual authorised to act on behalf of the Authority for the purposes of the Contract.

  • Services Coordinator means an employee of the community developmental disability program or other agency that contracts with the county or Division, who is selected to plan, procure, coordinate, monitor Individual Support Plan services, and to act as a proponent for individuals with developmental disabilities.

  • Joint Steering Committee or “JSC” has the meaning set forth in Section 3.1.

  • Coordinated Transaction Scheduling or “CTS” shall mean the market rules that allow transactions to be scheduled based on a bidder’s willingness to purchase energy from a source in either the NYISO or PJM Control Area and sell it at a sink in the other Control Area if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the bid.

  • Parent Representatives has the meaning set forth in Section 5.2(a).

  • Customer Representative means the representative appointed by the Customer from time to time in relation to this Call Off Contract;

  • investor of a Contracting Party means: (a) A natural person having the nationality of a Contracting Party in accordance with its applicable law; or (b) An enterprise constituted or organised under the applicable law of a Contracting Party; Making or having made an investment in the other Contracting Party's territory.

  • Title IX Coordinator means an employee of the school district that coordinates the school district’s efforts to comply with and carry out its responsibilities under Title IX. The Title IX Coordinator is responsible for acting as the primary contact for the parties and ensuring that the parties are provided with all notices, evidence, reports, and written determinations to which they are entitled under this policy and grievance process. The Title IX Coordinator is also responsible for effective implementation of any supportive measures or remedies. The Title IX Coordinator must be free from conflicts of interest and bias when administrating the grievance process.