Common use of Reimbursement for Legal Expenses Clause in Contracts

Reimbursement for Legal Expenses. The Company shall pay the reasonable legal fees and expenses of counsel to Castle Creek, not to exceed $75,000, incurred by Castle Creek in connection with the transactions contemplated by the Transaction Documents, which amount shall be paid directly by the Company to counsel for Castle Creek at the Closing.

Appears in 2 contracts

Samples: Stock Purchase Agreement (HCSB Financial Corp), Side Letter Agreement (Castle Creek Capital Partners VI, LP)

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Reimbursement for Legal Expenses. The Company shall pay the reasonable legal fees and expenses of counsel to Castle Creek, not to exceed $75,00020,000, incurred by Castle Creek in connection with the transactions contemplated by the Transaction Documents, which amount shall be paid directly by the Company to counsel for Castle Creek at the Closing.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bancorp, Inc.), Side Letter Agreement (Castle Creek Capital Partners VI, LP)

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