Common use of Underwriting Fee on Purchased Units Clause in Contracts

Underwriting Fee on Purchased Units. The Company shall pay to the Underwriters at the Time of Closing on the Closing Date the Underwriting Fee (equal to 7.5% of the aggregate gross cash proceeds received from the sale of the Purchased Units) in consideration of the services to be rendered by the Underwriters in connection with the Offering.

Underwriting Fee on Purchased Units. The Company shall pay to the Underwriters at the Time of Closing on the Closing Date the Underwriting Fee (equal pursuant to 7.5% the terms of the aggregate gross cash proceeds received from the sale of the Purchased Units) in consideration of the services to be rendered by the Underwriters in connection with the Offeringthis Underwriting Agreement.