Common use of Expense Allowances Clause in Contracts

Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate A Bonds Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A R-Bonds.

Appears in 3 contracts

Samples: MBD Agreement (Red Oak Capital Fund V, LLC), Red Oak Capital Fund V, LLC, Red Oak Capital Fund V, LLC

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Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate A Bonds Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A R-Bonds.

Appears in 2 contracts

Samples: Soliciting Dealer Agreement (Red Oak Capital Fund II, LLC), Red Oak Capital Fund III, LLC

Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) 1.25% of the aggregate A Bonds Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For The Company will not pay selling commissions on the avoidance sale of doubt, no expense allowances will be paid for sales of A RRa-Bonds; however, the Company may pay nonaccountable expense reimbursements of up to 1.25% of the aggregate Ra-Bonds Total Sales to the extent passed on by the MBD/U to the Selling Group Members.

Appears in 2 contracts

Samples: Red Oak Capital Fund VII, LLC, Red Oak Capital Fund VI, LLC

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Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate Series A Bonds Total Sales and Series B Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A R-BondsSeries Rx Xxxxx or Series Rx Xxxxx.

Appears in 2 contracts

Samples: Red Oak Capital Fund IV, LLC, Red Oak Capital Fund IV, LLC

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