Common use of Compensation to Insiders Clause in Contracts

Compensation to Insiders. Other than payments made pursuant to the terms of that certain Administrative Services Agreement, dated as of _________, 2012 and except as set forth above in this Section 3.8, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Insiders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination and may be repaid loans as described in the Registration Statement.

Appears in 2 contracts

Samples: Underwriting Agreement (Pacific Monument Acquisition Corp), Underwriting Agreement (Pacific Monument Acquisition Corp)

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Compensation to Insiders. Other than payments made pursuant to the terms of that certain Administrative Services Agreement, Agreement dated as of [_________], 2012 2011, and except as set forth above in this Section 3.84.8, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Insiders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination and may be repaid loans as described in the Registration Statement.

Appears in 2 contracts

Samples: Underwriting Agreement (Arcade China Acquisition Corp), Underwriting Agreement (Arcade China Acquisition Corp)

Compensation to Insiders. Other than payments made pursuant to the terms of that certain Administrative Services Agreement, dated as of _________, 2012 2010 and except as set forth above in this Section 3.8, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Insiders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination and may be repaid loans as described in the Registration Statement.

Appears in 1 contract

Samples: Underwriting Agreement (L&L Acquisition Corp.)

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Compensation to Insiders. Other than payments made pursuant to the terms of that certain Administrative Services AgreementAgreements, each dated as of _________, 2012 and except as set forth above in this Section 3.8, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided that the Insiders shall be entitled to reimbursement from the Company for their reasonable out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination and may be repaid loans as described in the Registration Statement.

Appears in 1 contract

Samples: Underwriting Agreement (Pacific Monument Acquisition Corp)

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