override

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override

(1) A carve-out from oil and gas lease royalty payments,usually a gross dollar amount per barrel of oil or per cubic foot of gas without diminution for costs of extraction.The override may be payable to the broker on the deal,to the attorney,or to some person other than the lessor with the mineral rights.(2) A name given to a clause, in a real estate listing contract, that requires payment of a commission to the listing broker if a buyer introduced to the property by the broker purchases the property within a certain time period after the listing agreement expires.The clause is to protect the broker for sales activities at the very end of the listing period that do not come into fruition until later.It also serves to protect the broker from buyers who learn about the property from the broker, take the broker's time in securing additional information and property inspections,and then attempt to time their offers until after the listing expiration in the hopes the seller will accept a lower price because then the seller does not have to pay a commission from the sale proceeds.

References in periodicals archive ?
In that context, the Supreme Court has clearly indicated that absent clear congressional directives, overrides will, like other legislation, be applied prospectively only.
Notably, however, there is no reason that the Court's determination that overrides will be presumptively prospective, and thus that disfavored precedents should continue to play a role in interpretation for a limited period of time, should narrow the effect of overrides after enactment.
The explanation behind the difference could indicate a management override.
One of the surprising, and depressing, facts of management override is the willingness of staff to go along with the plan.
This hypothesis appears to hold true for opposition party members who defect from the president's coalition on veto overrides.
Ideology and time in Congress are both related to presidential party members' decisions to defect from the president on veto overrides.
Dale Magee said the override will relieve the concerns of parents and educators.
The override will provide $304,985 to increase the general government to $18,862,885.
willing to treat bridge contracts as overrides and overturn them.
Therefore, just as with overrides themselves, agencies should not abuse
To override a veto, two-thirds of the Members voting, a quorum being present, must agree to repass the bill over the President's objections.
overrides have been reversed in more than ninety-three percent of the relevant cases [and] .