Common use of Allocation and Payment of Expenses Clause in Contracts

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses including all transfer taxes paid of our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 hereof, which shall be determined as provided in this Section.

Appears in 6 contracts

Samples: 800 Travel Systems Inc, E Net Inc, Andean Development Corp

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Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses expenses, including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 15 and 14 16(b) hereof, which shall be determined as provided in this SectionSection 12.

Appears in 2 contracts

Samples: Proflight Medical Response Inc, East Coast Venture Capital Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne become by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses expenses, including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 14(b) hereof, which shall be determined as provided in this SectionSection 11.

Appears in 1 contract

Samples: Discas Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as RepresentativeManaging Underwriter, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses including all transfer taxes paid of our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 hereof, which shall be determined as provided in this Section.

Appears in 1 contract

Samples: Precis Smart Card Systems Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the 8 underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses including all transfer taxes paid of our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 hereof, which shall be determined as provided in this Section.

Appears in 1 contract

Samples: Didax Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne become by the Underwriters in accordance with their respective share of the 7 8 underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses expenses, including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 14(b) hereof, which shall be determined as provided in this SectionSection 11.

Appears in 1 contract

Samples: Russian Wireless Telephone Co Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as RepresentativeRepresentatives, in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 hereof, which shall be determined as provided in this Section.

Appears in 1 contract

Samples: Infinite Technology Group LTD

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Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities Units shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses expenses, including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 15 and 14 16(b) hereof, which shall be determined as provided in this SectionSection 13.

Appears in 1 contract

Samples: Surrey Inc

Allocation and Payment of Expenses. We understand that all expenses ---------------------------------- of a general nature incurred by you, as RepresentativeRepresentative , in connection with the purchase, carrying, marketing and sale of the Securities shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses including all transfer taxes paid of our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 hereof, which shall be determined as provided in this Section.

Appears in 1 contract

Samples: U S Remodelers Inc

Allocation and Payment of Expenses. We understand that all expenses of a general nature incurred by you, as Representative, in connection with the purchase, carrying, marketing and sale of the Securities Stock shall be borne by the Underwriters in accordance with their respective share of the underwriting obligations. We authorize you to charge our account with our share, based on our underwriting obligation, of the aforesaid expenses expenses, including all transfer taxes paid of on our behalf on sales or transfers made for our account. As promptly as possible after the termination of this Agreement, the accounts arising pursuant hereto shall be settled and paid. Your ascertainment of all expenses and the apportionment thereof shall be conclusive. Notwithstanding any settlement or settlements hereunder, we will remain liable for our share of all expenses and liabilities which may be incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 13 and 14 14(b) hereof, which shall be determined as provided in this SectionSection 11.

Appears in 1 contract

Samples: Birman Managed Care Inc

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