Common use of Placement Agents' Compensation Clause in Contracts

Placement Agents' Compensation. Because the proceeds from the sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be delivered to the Txxxxxe xx xxxx othxx xxrson designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Subscription Agreement (Citizens Banking Corp)

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Placement Agents' Compensation. Because the proceeds from the sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 30.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be delivered Xxxx axxxxx xxall xx xelivered to the Txxxxxe xx xxxx othxx xxrson Institutional Trustee or such other person designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Subscription Agreement (Penn America Group Inc)

Placement Agents' Compensation. Because the proceeds from the sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 30.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be delivered xxxxnt xxxxx xe dxxxxxred to the Txxxxxe xx xxxx othxx xxrson Trustee or such other person designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Subscription Agreement (Donegal Group Inc)

Placement Agents' Compensation. Because the proceeds from the ------------------------------- sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 30.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be delivered xxxxxt xxxxx xe xxxxxered to the Txxxxxe xx xxxx othxx xxrson Trustee or such other person designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Subscription Agreement (Community Capital Bancshares Inc)

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Placement Agents' Compensation. Because the proceeds from the sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be Xxxx axxxxx xhalx xx delivered to the Txxxxxe xx xxxx othxx xxrson Institutional Trustee or such other person designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Placement Agreement (Tower Group, Inc.)

Placement Agents' Compensation. Because the proceeds from the sale of the Capital Securities shall be used to purchase the Debentures from the Company, the Company shall pay an aggregate of $20.00 30.00 for each $1,000.00 of principal amount of Debentures sold to the Trust (excluding the Debentures related to the Common Securities purchased by the Company). Of this amount, $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to FTN Financial Capital Markets and $10.00 15.00 for each $1,000.00 of principal amount of Debentures shall be payable to Keefe, Bruyette & Woods, Inc. Such amount shall be delivered to the Txxxxxe Xxxxxee xx xxxx othxx xxrson otxxx xerson designated by the Placement Agents on the Closing Date and shall be allocated between and paid to the respective Placement Agents as directed by the Placement Agents.

Appears in 1 contract

Samples: Placement Agreement (American Physicians Capital Inc)

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