EXPENSE BORNE BY SELLING SECURITYHOLDERS Clause Samples

EXPENSE BORNE BY SELLING SECURITYHOLDERS. The selling securityholders will be responsible for payment of their own legal fees (if they retain legal counsel separate from that of the Client), underwriting fees and brokerage discounts, commissions and other sales expenses incident to any registration hereunder, with any such expenses which are common to the selling securityholders divided among such securityholders (including the Client and holders of the Client's securities other than Registerable Securities, to the extent that securities are being registered on behalf of such Persons) pro rata on the basis of the number of shares being registered on behalf of each such securityholder, or as such securityholders may otherwise agree.