Common use of COMPENSATION AND OTHER FEES Clause in Contracts

COMPENSATION AND OTHER FEES. As compensation for the services provided by R&R hereunder, the Company agrees to pay to R&R a cash fee payable immediately upon the closing of the Placement and equal to 5% of the aggregate gross proceeds raised in the Placement. The Company also agrees to reimburse R&R for its expenses (with supporting invoices/receipts) up to a maximum of $25,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Mechanical Technology Inc)

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COMPENSATION AND OTHER FEES. As compensation for the services provided by R&R hereunder, the Company agrees to pay to R&R a R&R: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 5% of the aggregate gross proceeds raised in the Placement. . (B) The Company also agrees to reimburse R&R for its R&R's expenses (with supporting invoices/receipts) up to a maximum of $25,00020,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Genta Inc De/)

COMPENSATION AND OTHER FEES. As compensation for the services provided by R&R hereunder, the Company agrees to pay to R&R a R&R: (A) A cash fee payable immediately upon the closing of the Placement and equal to 56% of the aggregate gross proceeds raised in the Placement. ; and (B) The Company also agrees to reimburse R&R for its R&R’s expenses (with supporting invoices/receipts) up to a maximum of $25,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Titan Pharmaceuticals Inc)

COMPENSATION AND OTHER FEES. As compensation for the services provided by R&R hereunder, the Company agrees to pay to R&R a R&R: (A) A cash fee payable immediately upon the closing of the Placement and equal to 56% of the first $10,000,000 of aggregate gross proceeds raised in the Placement and 7.6% of aggregate gross proceeds in excess of $10,000,000 up to $20,000,000 raised in the Placement. . (B) The Company also agrees to reimburse R&R for its R&R's actual, out-of pocket expenses incurred (with supporting invoices/receipts) up to a maximum of $25,00035,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Epicept Corp)

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COMPENSATION AND OTHER FEES. As compensation for the services provided by R&R hereunder, the Company agrees to pay to R&R a R&R: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 5% of the aggregate gross proceeds raised in the Placement. . (B) The Company also agrees to reimburse R&R for its R&R’s expenses (with supporting invoices/receipts) up to a maximum of $25,00020,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Genta Inc De/)

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