Common use of PURCHASER CHARGES Clause in Contracts

PURCHASER CHARGES. AEG will charge Seller a [UNDERWRITING FEE] underwriting fee to cover AEG's legal and accounting costs and expenses in connection with the closing. In addition, Seller shall reimburse AEG for all out of pocket expenses and costs incurred in connection with this Agreement including, but not limited to, wire transfer fees, search fees, and filing fees. Seller already has paid $1,000 of these fees and charges to AEG as a deposit. The balance of these fees and charges will be paid in two (2) equal installments which will be deducted from each of AEG's first two (2) advances to Seller. AEG also shall charge Seller for its direct out-of-pocket costs for wire transfers, mail, overnight delivery, lien searches, credit reports, accounting fees, consultant fees, and all legal and other expenses, including, but not limited to, reasonable attorneys' fees, incurred by AEG in administering, enforcing, or amending this Agreement. In addition, AEG will charge Seller an (A) an Administrative Fee with respect to (i) any Receivable Seller fails to sell to AEG, or (ii) any payment made to Seller with respect to a Receivable which is not remitted to AEG, in accordance with the provisions of this Agreement, and (B) any Termination Fee payable pursuant to Section 16 of this Agreement.

Appears in 5 contracts

Samples: Sale Agreement (American Equities Income Fund Ii Inc), Sale Agreement (American Equities Income Fund Inc), Sale Agreement (American Equities Income Fund Ii Inc)

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