Compensation of the Agent Clause Samples
The "Compensation of the Agent" clause defines how and when an agent will be paid for their services under an agreement. It typically outlines the amount or method of calculating the agent's fee, such as a fixed sum, hourly rate, or commission based on sales or transactions facilitated by the agent. This clause may also specify payment schedules, reimbursement of expenses, and any conditions for earning or withholding compensation. Its core function is to ensure both parties have a clear understanding of the agent's remuneration, thereby preventing disputes over payment and aligning expectations.
POPULAR SAMPLE Copied 1 times
Compensation of the Agent. The Company agrees to pay the Agent for its services under this Agreement in accordance with the schedule as then in effect set forth in Exhibit B of this Agreement or any amendment thereof. In addition, the Company agrees to reimburse the Agent for the following "out-of-pocket" expenses of the Agent within five days after receipt of an itemized statement of such expenses, to the extent that payment of such expenses has not been or is not to be made directly by the Company: (i) costs of stationery, appropriate forms, envelopes, checks, postage, printing (except cost of printing prospectuses, annual and semi-annual reports and proxy materials) and mailing charges, including returned mail and proxies, incurred by the Agent with respect to materials and communications sent to shareholders in carrying out its duties to the Company under this Agreement; (ii) long distance telephone costs incurred by the Agent for telephone communications and microfilm and storage costs for transfer agency records and documents; (iii) costs of all ancillary and supporting services and related expenses (other than insurance premiums) reasonably required by and provided to the Agent, other than by its employees or employees of an affiliate, with respect to functions of the Company being performed by it in its capacity as Agent hereunder, including legal advice and representation in litigation to the extent that such payments are permitted under Paragraph 7 of this Agreement and charges to Agent made by any Subagent; (iv) costs for special reports or information furnished on request pursuant to this Agreement and not specifically required by the Agent by Paragraph 3 of this Agreement; and (v) reasonable costs and expenses incurred by the Agent in connection with the duties of the Agent described in Paragraph (3)(1)(i). In addition, the Company agrees to promptly pay over to the Agent any fees or payment of charges it may receive from a shareholder for services furnished to the shareholder by the Agent. Services and operations incident to the sale and distribution of the Company's shares, including sales communications, confirmations of investments (not including reinvestment of dividends) and the clearing or collection of payments will not be for the account or at the expense of the Company under this Agreement.
Compensation of the Agent. The Fund agrees to pay to the Agent for its services under this Agreement, an amount payable on the first day of the month as shown in the following table pertinent to the average daily net assets of the Fund during the prior month: Fund's Average Daily Monthly Fee Net Assets for the Month (Millions) $0 to $10 None $10 to $25 $917 $25 to $50 $1,833 $50 to $100 $2,750 $100 to$200 $3,666 $200 to $350 $4,583 $350 to $550 $5,500 $550 to $750 $6,417 $750 to $1,000 $7,792 $1,000 and over $9,167 In addition, for each class of shares in excess of one, the Fund pays the Agent a monthly per-class fee equal to 2.5% of the monthly base fee. All other terms of the Agreement remain in full force and effect.
Compensation of the Agent. The Company agrees to pay the ------------------------- compensation of the Agent at such rates as shall be agreed upon from time to time and to reimburse the Agent for its out-of-pocket expenses (including costs of preparation of the Notes and reasonable legal fees and expenses), disbursements and advances incurred or made in accordance with any provisions of this Agreement. The obligations of the Company to the Agent pursuant to this Section shall survive the resignation or removal of the Agent and the satisfaction or termination of the Agreement.
Compensation of the Agent. Except as may otherwise be agreed to by the Fund for the Fund, the Agent will be responsible for the payment of all costs and expenses incurred by the Agent in connection with the performance of the Agent’s obligations under this Agreement. As compensation for providing the services under this Agreement or the applicable Sub-Distribution Agreement, the Agent, and/or Sub-Placement Agents or other brokers, dealers and other financial institutions and intermediaries that have entered into Sub-Placement Agent Agreements with the Agent, respectively, may receive from the Fund or investors, as applicable:
(a) an ongoing distribution and service fee (the “Distribution and Servicing Fee”) based on the net asset value of each eligible class of shares calculated in arrears and paid monthly, subject to circumstances described in or otherwise provided in this Agreement and under the caption “Plan of Distribution” in the Memorandum, which may be amended and restated from time to time. Portions of the Distribution and Servicing Fee allocable for distribution or the provision of services shall be as set forth in the Memorandum and shall only be paid/reallowed in consideration for their respective uses.
(b) all front-end sales charges, including but not limited to sales load and placement fees, if any, on purchases of Shares sold subject to such charges as described in the Memorandum, which may be amended and restated from time to time. The Agent, or Sub-Placement Agents or other brokers, dealers and other financial institutions and intermediaries that have entered into Sub-Placement Agent Agreements with the Agent, may collect the gross proceeds derived from the sale of such Shares, remit the net asset value thereof to the Fund upon receipt of the proceeds and retain the applicable sales charge.
(c) The Agent may re-allow any or all of the Distribution and Servicing Fee and front-end sales charges that it is paid by the Fund to such Sub-Placement Agents or other brokers, dealers and other financial institutions and intermediaries as the Agent may from time to time determine, as described more fully in the Sub-Placement Agent Agreement entered into with each such Sub-Placement Agent. Any amounts of the Distribution and Servicing Fee not reallowed by the Agent shall be returned to the Fund unless otherwise agreed by the parties.
(d) Sub-Placement Agents may charge transaction or other fees, including upfront placement fees or brokerage commissions to their own clients outs...
Compensation of the Agent. On the first Business Day after each anniversary of this Agreement, the Disbursement Agent shall transfer the fees and any other amounts scheduled to be paid under Section 2.12(c) of the Credit Agreement from the Loan Proceeds Account directly to the Agent (with concurrent notice of such payment to the Borrowers), which amount shall constitute compensation for services to be performed by the Agent during such year.
Compensation of the Agent. The Trust agrees to pay to Agent for its services under this Agreement:
(1) $27,000 per Fund per year, plus
Compensation of the Agent. The Issuer will pay the Agent reasonable compensation for its services based upon the schedule of fees attached or such other schedule of fees as may be agreed upon from time to time between the Agent and the Issuer. The Agent’s compensation may include the amount of any attorney fees incurred by it under Section 17 hereof.
Compensation of the Agent. In consideration of the services to be rendered by Agent, the Owner agrees to pay Agent any of the following forms of compensation as may be applicable.
Compensation of the Agent. The Fund agrees to pay to the Agent for its services under this Agreement, an amount payable on the first day of the month as shown on the following table pertinent to the average daily net assets of the Fund during the prior month:
Compensation of the Agent. In consideration of the Agent’s services to be rendered in connection with the Offering, the Company shall pay to the Agent a fee (the “Agent’s Fee”), at the applicable Time of Closing, a cash commission of 7% of the gross amount raised pursuant to the Offering. In addition, the Agent will receive Agent’s Warrants entitling the Agent to purchase that number of Agent Shares that is equal to 7% of the number of Offered Securities issued pursuant to the Offering, being a maximum of 805,000 Agent Warrants assuming the completion of the Maximum Offering. The Company shall be entitled to sell the Offered Securities in the IPO to certain “president’s list” purchasers to a maximum of $1,000,000 (the “President’s List”). The Agent shall not be entitled to receive any Agent’s Fee with respect to the Offered Securities issued pursuant to the President’s List.