Common use of LEGAL AND DUE DILIGENCE FEES Clause in Contracts

LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTOR”) a non-accountable cash fee of $35,000 (the “CASH FEE”), half of which has been paid and the other half due at Closing, as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures and Warrants and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee out of the Purchase Price for its Debenture at Closing.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Alternative Construction Company, Inc.), Securities Purchase Agreement (Alternative Construction Company, Inc.)

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LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTOR”) a non-accountable cash fee of $35,000 25,000 (the “CASH LEAD INVESTOR’S FEE”), half of which has been paid and the other half due ) at Closing, closing as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures Preferred Stock and Warrants and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee such amount out of the Purchase Price for its Debenture at ClosingPreferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Avicena Group, Inc.)

LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTORLead Investor”) a non-accountable cash fee of $35,000 40,000 (the “CASH FEE”), half $20,000 of which has been paid and the other half due $20,000 of which shall be paid at Closingclosing)(collectively, the “Lead Investor’s Fee”) as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures and Warrants and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee such amount out of the Purchase Price for its Debenture at ClosingDebenture.

Appears in 1 contract

Samples: Securities Purchase Agreement (ICP Solar Technologies Inc.)

LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTOR”"Lead Investor") a non-accountable cash fee of $35,000 (the “CASH FEE”), half of which has been paid and the other half due 20,000 at Closing, closing as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures and Warrants and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee such amount out of the Purchase Price for its Debenture at ClosingDebenture.

Appears in 1 contract

Samples: Securities Purchase Agreement (Universal Energy Corp.)

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LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTORLead Investor”) a non-accountable cash fee of $35,000 5,000 (which shall be paid at Closing)( the “CASH FEELead Investor’s Fee), half of which has been paid and the other half due at Closing, ) as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures and Warrants Grid Notes and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee such amount out of the Purchase Price for its Debenture at ClosingGrid Note.

Appears in 1 contract

Samples: Line of Credit Agreement (ICP Solar Technologies Inc.)

LEGAL AND DUE DILIGENCE FEES. The Company shall pay to BridgePointe Master Fund Ltd. (the “LEAD INVESTORLead Investor”) a non-accountable cash fee of $35,000 (the “CASH FEE”), half of which has been paid and the other half due 10,000 at Closing, closing as reimbursement for legal services rendered by its attorneys in connection with this Agreement and the purchase and sale of the Debentures and Warrants and as reimbursement for due diligence expenses. The Lead Investor may withhold any unpaid portion of Cash Fee such amount out of the Purchase Price for its Debenture at ClosingDebenture.

Appears in 1 contract

Samples: Securities Purchase Agreement (BioMETRX)

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