AGENT’S COMPENSATION Sample Clauses
The AGENT’S COMPENSATION clause defines how and when an agent will be paid for their services under the agreement. It typically outlines the commission structure, payment schedule, and any conditions that must be met for the agent to earn compensation, such as the successful completion of a sale or transaction. This clause ensures both parties have a clear understanding of the agent’s financial entitlements, reducing the risk of disputes over payment and clarifying expectations from the outset.
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AGENT’S COMPENSATION. 3.1 In consideration for the Services, the Corporation shall pay to the Agent at the Time of Closing a cash commission (the "Agent's Commission") equal to eight percent (8%) of the aggregate gross proceeds of the Offering (the "Gross Proceeds") (being the product of the Offering Price and the aggregate number of Offered Shares sold by the Agent pursuant to the Offering). The Agent's Commission shall be paid to the Agent by the Corporation at the Time of Closing from the Gross Proceeds, or in such other manner as is satisfactory to the Agent.
3.2 As additional consideration for the Services, the Corporation shall pay to the Agent a corporate finance fee of $50,000 plus GST (the "Corporate Finance Fee"). The Agent acknowledges receipt of $26,250 ($25,000 plus GST) of the Corporate Finance Fee and the Corporation agrees that this amount is non-refundable. The balance of the Corporate Finance Fee in the amount of $26,250 ($25,000 plus GST) shall be paid to the Agent at the Time of Closing from the Gross Proceeds, or in such other manner as is satisfactory to the Agent.
3.3 The Agent shall be entitled in connection with the sale of the Offered Shares to retain as sub- agents a selling group consisting of other registered dealers registered to sell securities in jurisdictions where the Offered Shares may be lawfully offered for sale by such registrants. If the Agent retains such sub-agents, the Agent may pay them such Agent's Options and such commissions as the Agent in its discretion sees fit, provided that any such commission will be paid out of the Agent's Commission and the Agent's Options.
3.4 In further consideration for the Services, the Corporation shall issue to the Agent, at the Time of Closing, the Agent's Options. The Corporation and the Agent intend that the distribution of the Agent's Options be qualified under the Prospectus to the maximum extent allowed by the Principal Regulator.
3.5 The terms and conditions of the Agent's Options shall be governed by one or more certificates representing the Agent's Options (collectively, the "Agent's Option Certificates"), which shall be mutually acceptable to the Corporation and the Agent, and which shall include, among other things, anti-dilution provisions and provision for the appropriate adjustment in the class, number and price of the Agent's Options upon the occurrence of certain events, including any subdivision, consolidation or reclassification of the share capital of the Corporation, the payment of ...
AGENT’S COMPENSATION. The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply) ☐ - Management Fee. [DESCRIBE FEES] ☐ - New Lease. [DESCRIBE FEES] ☐ - Renewal of Lease. [DESCRIBE FEES] ☐ - Eviction. [DESCRIBE FEES] ☐ - Preparing the Property for Leasing. [DESCRIBE FEES] ☐ - Other. [DESCRIBE FEES]
AGENT’S COMPENSATION. The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply) ☐ - Management Fee: _________________________________________________________. ☐ - New Lease: ______________________________________________________________. ☐ - Renewal of Lease: _________________________________________________________. ☐ - Eviction: _________________________________________________________________. ☐ - Preparing the Property for Leasing: ____________________________________________. ☐ - Other. ___________________________________________________________________.
AGENT’S COMPENSATION. 4.1 In consideration of the services performed by the Agent under this Agreement, the Issuer will pay to the Agent, the Agent’s Commission equal to 7% of the gross proceeds received by the Issuer from the sale of the Units to Purchasers, payable in cash at the Closing or, in whole or in part, in Units of the Issuer at a deemed price equal to the Offering Price or, if not permitted by the Exchange, at the lowest price permitted by the Exchange.
4.2 In addition to payment of the Agent’s Commission, the Issuer will issue to the Agent at Closing that number of Agent’s Warrants equal to 7% of the aggregate number of Units sold to Purchasers under the Private Placement. Each Agent’s Warrant will entitle the holder to purchase one Agent’s Share at a price of $0.95. The Agent’s Warrants are exercisable in whole or in part at any time from the Closing Date until 5:00 p.m. (Vancouver time) on the date 24 months following the Closing Date.
4.3 The terms governing the Agent’s Warrants will be set out in the certificates representing the Agent’s Warrants, the form of which will be subject to the approval of the Issuer and the Agent, acting reasonably. The certificates representing the Agent’s Warrants will include, among other things, provisions for the appropriate adjustment in the class, number and price of the Agent’s Shares issued upon exercise of the Agent’s Warrants upon the occurrence of certain events, including any subdivision, consolidation or reclassification of the Issuer’s common shares, the payment of stock dividends and the amalgamation of the Issuer.
4.4 The Issuer agrees not to place or have placed a U.S. securities law restrictive legend on the certificates representing the Agent’s Warrants and the Agent’s Shares.
4.5 The amounts paid to the Agent under this section are in addition to and not in substitution for any other commission or remuneration payable to the Agent by the Issuer under any other agreement or arrangement.
AGENT’S COMPENSATION. The compensation which the Agent shall be entitled to receive for management services performed under this Agreement shall be a fee in the amount of eight percent (8%) of collected rent or $100.00 per Project, whichever is greater Condominium units ate a flat $45.00 Per month each. The Owner shall pay such fee to the Agent monthly, not later than the thirtieth (30th) day of each month, unless otherwise agreed by the parties hereto, It is further understood that a one time $100.00 set up fee shall be assessed on each new Project.
AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month.
AGENT’S COMPENSATION. The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply)
AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month. In addition, the Agent shall receive reimbursement for all proper expenditures, obligations and liabilities incurred by the Agent in connection with the operation of the Project. Such reimbursement shall be limited to the actual cost of goods, services and materials used for or by the Project, and in no event shall such cost exceed the cost of such items if supplied by persons or entities other than the Agent or its affiliates. Such reimbursement shall not include reimbursement for costs of services rendered by employees who are not employed in the operation of the Project (except that employees servicing more than one property (whether or not owned by the Owner) may have their costs prorated based upon the respective number of units or square footage in each property), or other expenses for which managing agents of real estate would not customarily receive reimbursement in addition to stated compensation.
AGENT’S COMPENSATION. The Company shall pay the Agent the amounts pursuant to Section 3.4.1 and 3.
AGENT’S COMPENSATION. (a) In consideration for the performance of its obligations hereunder, the Corporation shall, subject to the provisions of this Agreement, pay to the Agent an aggregate fee (the "Agency Fee") equal to 8% of the Gross Proceeds sold by the Agent in the Offering provided that such Agency Fee shall not be less than $160,000 in any event.
(b) The Agent may retain one or more registered securities brokers or investment dealers to act as selling agent (individually, each a "Selling Agent" and collectively, the "Selling Agents") in connection with the sale of the Units but the compensation payable to such Selling Agents shall be the sole responsibility of the Agent, and only as permitted by and in compliance with Applicable Securities Laws, upon the terms and conditions set forth in this Agreement and will require each such Selling Agent to so agree.
(c) In addition to the Agency Fee, as additional consideration for the performance of its obligations hereunder, the Agent hereby directs the Corporation to, and the Corporation shall, issue to Kingsdale at the Time of Closing on the Closing Date, non-assignable and non-transferable broker warrants (the "Broker Warrants"), substantially in the form set out in Schedule "C" hereto, entitling Kingsdale to acquire, in the aggregate, a number of Common Shares (the "Broker Warrant Shares") equal to 10% of the aggregate number of Units sold by the Agent hereunder exercisable by Kingsdale at a price of $0.45 per Broker Warrant Share for a period of 18 months following the Closing Date.
(d) A corporate finance fee (the "Corporate Finance Fee") of $25,000 shall be payable to the Agent on the initial Closing Date.
(e) The Corporation agrees that any subscribers or potential investors introduced to the Corporation by the Agent and not previously known to the Corporation shall be proprietary to the Agent until November 8, 2005, and all fees and commissions payable to the Agent pursuant to this Section 3 (other than the Corporate Finance Fee) shall be payable in respect of a financing which is concluded by the Corporation on or prior to November 8, 2005 with any subscribers or potential investors so introduced. For greater certainty, the Agent will have no proprietary rights or rights to compensation with respect any persons other than subscribers or potential investors introduced to the Corporation by the Agent and not previously known to the Corporation.
(f) Kingsdale understands there may be material tax consequences to it by re...