Commission Clause Where Deposit is Less Than Commission
Commission Clause Where Deposit is Less Than Commission
(a) The Seller acknowledges that the deposit held by the Stakeholder is an amount less than the commission payable by the Seller to the Agent and the Seller hereby irrevocably authorises and directs the Buyer and/or the Buyer's Solicitor to pay to the Seller's Agent on the Date for Completion from the balance of the purchase money, the amount of the commission less the amount held by the Stakeholder. (b) For the purpose of the Clause, the amount of the commission payable by the Seller is $ xxxx.

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