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Common use of Non-accountable Expenses Clause in Contracts

Non-accountable Expenses. To compensate the Underwriter for its other expenses incurred in connection with the Offering, the Company agrees to pay the Underwriter a non-accountable expense allowance of up to $120,000, payable as follows: (i) $10,000 is payable upon the sale of each $1,000,000 of Certificates up to the sale of $10,000,000 of Certificates; and (ii) $2,000 is payable upon the sale of each additional $1,000,000 of Certificates up to completion of the sale of all Certificates or the termination of this offering, whichever is first.

Appears in 3 contracts

Samples: Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co)

Non-accountable Expenses. To compensate the Underwriter for its other expenses incurred in connection with the Offering, the Company agrees to pay the Underwriter a non-accountable expense allowance of up to $120,00060,000, payable as follows: (i) $10,000 is payable upon the sale of each $1,000,000 of Certificates up to the sale of $10,000,000 5,000,000 of Certificates; and (ii) $2,000 is payable upon the sale of each additional $1,000,000 of Certificates up to completion of the sale of all Certificates or the termination of this offering, whichever is first.

Appears in 3 contracts

Samples: Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co)

Non-accountable Expenses. To compensate the Underwriter for its other expenses incurred in connection with the Offering, the Company agrees to pay the Underwriter a non-accountable expense allowance of up to $120,000, payable as follows:; (i) $10,000 is payable 20,000 upon the sale of each $1,000,000 of Certificates up to the sale of $10,000,000 of Certificates; and (ii) the balance ($2,000 is 100,000) payable upon ratably based on the sale of each additional $1,000,000 principal amount of Certificates up to completion of the sale of all Certificates or the termination of this offering, whichever is firstsold thereafter.

Appears in 2 contracts

Samples: Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co)

Non-accountable Expenses. To compensate the Underwriter for its other expenses incurred in connection with the Offering, the Company agrees to pay the Underwriter a non-accountable expense allowance of up to $120,00060,000, payable as follows: (i) $10,000 is payable upon the sale of each $1,000,000 of Certificates up to the sale of $10,000,000 5,000,000 of Certificates; and (ii) $2,000 1,000 is payable upon the sale of each additional $1,000,000 of Certificates up to completion of the sale of all Certificates or the termination of this offering, whichever is first.

Appears in 1 contract

Samples: Distribution Agreement (American Church Mortgage Co)

Non-accountable Expenses. To compensate the Underwriter for its other expenses incurred in connection with the Offering, the Company agrees to pay the Underwriter a non-accountable expense allowance of up to $120,000233,000, payable as follows:; (i) $10,000 is payable 30,000 upon the sale of each the first 100,000 Shares; (ii) $1,000,000 of Certificates up to 103,000, ratably, as and if the remaining 1,400,000 Shares are sold; (iii) $20,000 upon the sale of $10,000,000 1,000,000 of Certificates; and (iiiv) $2,000 is payable upon 80,000, ratably, as and if the sale of each additional remaining $1,000,000 14,000,000 of Certificates up to completion of the sale of all Certificates or the termination of this offering, whichever is firstsold.

Appears in 1 contract

Samples: Distribution Agreement (American Church Mortgage Co)