Common use of Reimbursement of Agent’s Expenses Clause in Contracts

Reimbursement of Agent’s Expenses. Except for the -------------------------------------------------- reimbursement provided herein, the Agent will pay its own costs and expenses incurred in connection with the performance of this Agreement and the transactions contemplated hereunder, including the fees and disbursements of its counsel, marketing expenses and due diligence expenses. The Company shall reimburse the Agent for (i) the fees and disbursements of its counsel (up to a maximum of $50,000.00 for legal fees, including out-of-pocket expenses for travel and other disbursements of counsel), and (ii) its reasonable expenses in an amount not to exceed $15,000 (exclusive of legal fees and expenses of Agent's counsel) which shall be paid within five days of receipt by the Company of an itemized bill summarizing such expensxx xince the date of the last bill, if any, to the date of xxx current bill. To the extent not prevxxxxly paid, full payment of the Agent's expenses shall be made in next day funds on each Closing Date provided that the Company shall have received an itemized bill summarizing any unreimbxxxxd expenses at least two days before each Closing Date or on such later date if the Company shall have received an itemized bill summarizing any unreimbxxxxd expenses at least two days before such date or, if the Offering is not completed and is abandoned or terminated for any reason, within five days of receipt by the Company of a reasonable accounting from the Agent of its expenses.

Reimbursement of Agent’s Expenses. Except for the -------------------------------------------------- reimbursement provided herein, the Agent will pay its own costs and expenses incurred in connection with the performance of this Agreement and the transactions contemplated hereunder, including the fees and disbursements of its counsel, marketing expenses and due diligence expenses. The Company shall reimburse the Agent for (i) the fees and disbursements of its counsel (up to a maximum of $50,000.00 20,000.00 for legal fees, including out-of-pocket expenses for travel and other disbursements of counsel), ) and (ii) its reasonable expenses in an amount not to exceed $15,000 (exclusive of legal fees and 2,500.00 for other expenses of Agent's counsel) Choice, which shall be paid within five days of receipt by the Company of an itemized bill summarizing xxxmarizing such expensxx xince expenses since the date of the last bill, if xx any, to the date of xxx the current bill. To Xx the extent not prevxxxxly previously paid, full payment of the Agent's such fees and expenses shall be made in next day funds on each the Closing Date provided that the Company shall have received an itemized bill summarizing xxxmarizing any unreimbxxxxd unreimbursed expenses at least two days before each the Closing Date or on such later date if the Company shall have received an itemized bill summarizing xxxmarizing any unreimbxxxxd unreimbursed expenses at least two days before such date or, if the Offering is not completed and is abandoned or terminated for any reason, within five days of receipt by the Company of a reasonable accounting from the Agent of its expenses. The Company may request, and the Agent agrees to provide, copies of documentary evidence of all expenses of $25.00 or more for which Agent seeks reimbursement, such as receipts or paid bills, that state information to establish the amount, date, place and essential character of the expenditure. Subject to the provisions of this Section 10, in the event the Offering for any reason is not closed, the Company will reimburse the Agent for its actual, accountable, reasonable legal fees and expenses.

Reimbursement of Agent’s Expenses. Except for the -------------------------------------------------- reimbursement provided herein, the Agent will pay its own costs and expenses incurred in connection with the performance of this Agreement and the transactions contemplated hereunder, including the fees and disbursements of its counsel, marketing expenses and due diligence expenses. The Company Offerors shall reimburse the Agent for (i) any out-of-pocket expenses incurred by the Agent in connection with the Subscription Offering or any of the transactions expressly contemplated hereby, including, without limitation, the fees and disbursements of its counsel (up to a maximum of $50,000.00 for legal fees, including the extent retention thereof has been previously approved by the Offerors) and as to other out-of-pocket expenses incurred by the Agent, including without limitation, communication and travel expenses. The reimbursement provided for travel and other disbursements of counsel), and (ii) its reasonable expenses in an amount not to exceed $15,000 (exclusive of legal fees and expenses of Agent's counsel) which this Section shall be paid in addition to all amounts payable to the Agent pursuant to Sections 3 and 10 hereof and shall not be conditioned upon the consummation of the transactions contemplated hereunder. The Agent shall be reimbursed for all expenses within five days of receipt by the Company Offerors of an itemized bill xxxx summarizing such expensxx xince expenses since the date of the last billxxxx, if any, to the date of xxx the current billxxxx. To the extent not prevxxxxly previously paid, full payment of the Agent's expenses shall be made in next day funds on each the Closing Date provided that the Company Offerors shall have received an itemized bill xxxx summarizing any unreimbxxxxd unreimbursed expenses at least two days before each the Closing Date or on such later date if the Company Offerors shall have received an itemized bill xxxx summarizing any unreimbxxxxd unreimbursed expenses at least two days before such date or, if the Subscription Offering is not completed and is abandoned or terminated for any reason, within five days of receipt by the Company Offerors of a reasonable accounting from the Agent of its expenses.

Reimbursement of Agent’s Expenses. Except for the -------------------------------------------------- reimbursement provided herein, the Agent will pay its own costs and expenses incurred in connection with the performance of this Agreement and the transactions contemplated hereunder, including the fees and disbursements of its counsel, marketing expenses and due diligence expenses. The Company shall reimburse the Agent for (i) the fees and disbursements of its counsel (up to a maximum of $50,000.00 25,000.00 for legal fees, including out-of-pocket expenses for travel and other disbursements of counsel), and (ii) its reasonable expenses in an amount not to exceed $15,000 10,000 (exclusive of legal fees and expenses of Agent's counsel) which shall be paid within five days of receipt by the Company of an itemized bill summarizing xxxmarizing such expensxx xince expenses since the date of the last bill, if xx any, to the date of xxx the current bill. To Xx the extent not prevxxxxly previously paid, full payment of the Agent's expenses shall be made in next day funds on each the Closing Date provided that the Company shall have received an itemized bill summarizing xxxmarizing any unreimbxxxxd unreimbursed expenses at least two days before each the Closing Date or on such later date if the Company shall have received an itemized bill summarizing xxxmarizing any unreimbxxxxd unreimbursed expenses at least two days before such date or, if the Offering is not completed and is abandoned or terminated for any reason, within five days of receipt by the Company of a reasonable accounting from the Agent of its expenses. The Company may request, and the Agent agrees to provide, copies of documentary evidence of all expenses of $25.00 or more for which Agent seeks reimbursement, such as receipts or paid bills, that state information to establish the amount, date, place and essential character of the expenditure. Subject to the provisions of this Section 10, in the event the Offering for any reason is not closed, the Company will reimburse the Agent for its actual accountable expenses, including reasonable legal fees and expenses.

Reimbursement of Agent’s Expenses. Except for the -------------------------------------------------- reimbursement provided herein, the Agent will pay its own costs and expenses incurred in connection with the performance of this Agreement and the transactions contemplated hereunder, including the fees and disbursements of its counsel, marketing expenses and due diligence expenses. The Company shall reimburse the Agent for (i) the fees and disbursements of its counsel (up to a maximum of $50,000.00 20,000.00 for legal fees, including out-of-pocket expenses for travel and other disbursements of counsel), and (ii) its reasonable expenses in an amount not to exceed $15,000 (exclusive of legal fees and expenses of Agent's counsel) which shall be paid within five days of receipt by the Company of an itemized bill summarizing such expensxx xince expenses since the date of the last bill, if any, to the date of xxx the current bill. To the extent not prevxxxxly previously paid, full payment of the Agent's such fees and expenses shall be made in next day funds on each the Closing Date provided that the Company shall have received an itemized bill summarizing any unreimbxxxxd unreimbursed expenses at least two days before each the Closing Date or on such later date if the Company shall have received an itemized bill summarizing any unreimbxxxxd unreimbursed expenses at least two days before such date or, if the Offering is not completed and is abandoned or terminated for any reason, within five days of receipt by the Company of a reasonable accounting from the Agent of its expenses. The Company may request, and the Agent agrees to provide, copies of documentary evidence of all expenses of $25.00 or more for which Agent seeks reimbursement, such as receipts or paid bills, that state information to establish the amount, date, place and essential character of the expenditure. Subject to the provisions of this Section 10, in the event the Offering for any reason is not closed, the Company will reimburse the Agent for its actual, accountable, reasonable legal fees and expenses.