Placement Agents' Compensation. The Trust shall use the proceeds from the sale of the Preferred Securities, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes. The Company shall pay no fees or commissions (the “Commission”) to the Placement Agent. The Placement Agent shall be responsible for the following expenses: (i) rating agency costs and expenses and (ii) any fee payable to the Company’s introducing agent; provided, that such introducing agent has an agreement with the Placement Agent, but excluding the fees and expenses set forth in Section 2.4.2 hereof.
Appears in 3 contracts
Samples: Placement Agreement (Vision Bancshares Inc), Placement Agreement (Southcoast Financial Corp), Preferred Securities Subscription Agreement (Greenville First Bancshares Inc)
Placement Agents' Compensation. The Trust shall use the proceeds from the sale of the Preferred Securities, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes. The In connection with the purchase of the Preferred Securities, the Company shall pay no fees or commissions to the Placement Agent (the “CommissionFee”) to the Placement Agent). The Placement Agent shall be responsible for the following expenses: (i) any rating agency costs and expenses and (ii) but shall not be responsible for any fee payable to the Company’s introducing agent; provided, that such introducing agent has an agreement with the Placement Agent, but excluding the fees and expenses set forth in Section 2.4.2 hereof.
Appears in 1 contract
Samples: Preferred Securities Subscription Agreement (Greer Bancshares Inc)
Placement Agents' Compensation. The Trust shall use the proceeds from the sale of the Preferred Securities, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes. The Company shall pay no fees or commissions (the “"Commission”") to the Placement Agent. The Placement Agent shall be responsible for the following expenses: (i) rating agency costs and expenses and (ii) any fee payable to the Company’s 's introducing agent; provided, that such introducing agent has an agreement with the Placement Agent, but excluding the fees and expenses set forth in Section 2.4.2 hereof.
Appears in 1 contract
