Common use of Reimbursement of Issuance Expenses Clause in Contracts

Reimbursement of Issuance Expenses. If the Managing Member issues additional Capital Stock or New Securities and subsequently contributes the net proceeds received from such issuance to the Company, then the Company shall bear the Managing Member’s expenses associated with such issuance, and the Managing Member shall be deemed to have contributed the gross proceeds to the Company.

Reimbursement of Issuance Expenses. If the Managing Member issues additional Capital Stock or New Securities and subsequently contributes the net proceeds received from such issuance to the Company, then the Company shall bear reimburse or assume (on an after-tax basis) the Managing Member’s expenses associated with such issuance, and the Managing Member shall be deemed to have contributed the gross proceeds to the Companyincluding any underwriting discounts or commissions.