Deduction from Offering Proceeds Clause Samples

Deduction from Offering Proceeds. The Representative may deduct from the net proceeds of the Offering payable to the Company on the Closing Date, or the Option Closing Date, if any, the expenses set forth in this Agreement to be paid by the Company to the Representative and others. To the extent the Representative pays for expenses required to be paid by the Company pursuant to Section 3.13.1, Company shall reimburse Representative for such out-of-pocket expenses.