Common use of Reimbursement of Due Diligence Expenses Clause in Contracts

Reimbursement of Due Diligence Expenses. Upon closing, the Company shall reimburse Investors for expenses incurred in conducting due diligence up to an aggregate maximum of $10,000. Such reimbursement shall be allocated to Investors that provide proof of payment of such expenses in a proportional manner. If the transaction is not closed there shall be no reimbursement of any due diligence expenses.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Qsgi Inc.), Stock Purchase Agreement (Windsortech Inc)

AutoNDA by SimpleDocs

Reimbursement of Due Diligence Expenses. Upon closing, the Company shall reimburse Investors Investor for reasonable expenses incurred in conducting due diligence up not to an aggregate maximum of exceed $10,00020,000. Such reimbursement shall be allocated paid to Investors that provide the Investor upon the Investor providing proof of payment of such expenses in a proportional manner. If the transaction is not closed closed, there shall be no reimbursement of any due diligence expenses.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Widepoint Corp)

AutoNDA by SimpleDocs

Reimbursement of Due Diligence Expenses. Upon closing, the The Company shall reimburse Investors Investor for expenses incurred in conducting due diligence up to an aggregate maximum of $10,000. Such reimbursement ; provided, however, that if no Closing shall be allocated to Investors that provide proof of payment of such expenses in a proportional manner. If the transaction is not closed occur, there shall be no reimbursement of any due diligence expenses.

Appears in 1 contract

Samples: Stock Purchase Agreement (Findex Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!