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)