Underwriter Compensation. In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the Public Securities purchased) of the following compensation with respect to the Public Securities which they are offering:
Underwriter Compensation. In consideration of the services to be provided for hereunder, the Company shall pay to the Representative or its designees an underwriting compensation equal to three and one half percent (3.5%) of the gross proceeds of the Offering and the Over-Allotment Option, including:
Underwriter Compensation. (i) The Company agrees to pay to you a sales commission of 5.95% of the sales price (or $.595) for each Share sold, as set forth in the Prospectus under the caption "Plan of Distribution," subject to the limitation described below, all or any part of which may be reallowed by you, subject to federal and state securities laws, to the Soliciting Dealers who sell the Shares as described more fully in the Soliciting Dealers Agreement. As Underwriter, American will also receive a non-accountable expense allowance of up to $133,000, of which $30,000 shall be payable upon the sale of the first 100,000 Shares ($1,000,000), and the balance ($103,000) of which shall be payable ratably thereafter at the rate of $7,357.14 per 100,000 Shares sold after the first 100,000 Shares. Notwithstanding the foregoing, it is understood and agreed that no commission shall be payable with respect to particular Shares if the Company rejects a proposed subscriber's Subscription Agreement.
Underwriter Compensation. In connection with any registration made pursuant to Section 7.1 or 7.2 hereof, the Registered Holders of Warrant Shares agree as follows: (i) any public sale of Registrable Securities included in such registration statement shall be effected through the underwriter, if any, for such registration and (ii) Sellers shall compensate the underwriter in accordance with the underwriter's customary compensation practices for such transactions.
Underwriter Compensation. (i) The Company agrees to pay to you a sales commission of 5.95% of the sales price (or $.595) for each Share sold, as set forth in the Prospectus under the caption "Plan of Distribution," subject to the limitation described below, all or any part of which may be reallowed by the Managing or Co-Underwriter, as the case may be, subject to federal and state securities laws, to the Soliciting Dealers who sell the Shares as described more fully in the Soliciting Dealers Agreement. As Managing Underwriter, American will also receive a non-accountable expense allowance of up to $133,000, of which $35,000 shall be payable upon the sale of the first 100,000 Shares ($1,000,000), and the balance ($98,000) of which shall be payable ratably thereafter at the rate of $7,000 per 100,000 Shares sold after the first 100,000 Shares. We understand that American has agreed to reallow to LaSalle a portion of such non-accountable expense allowance pursuant to that certain Agreement Between Underwriters, to which we are not a party. Notwithstanding the foregoing, it is understood and agreed that no commission shall be payable with respect to particular Shares if the Company rejects a proposed subscriber's Subscription Agreement.
