Examples of Placement Agents Fees in a sentence
SCHEDULE B Pricing Information Number of units to be issued: 6,449,288, consisting of: Number of shares of Stock: 6,449,288 shares Warrants to purchase 1,612,322 shares of common stock Offering Price: $2.52 per unit (each unit consisting of one share of common stock and one warrant to purchase 0.25 of a share of common stock) Placement Agents Fees: 6.0% Net proceeds to the Company: $15.0 million.
The Placement Agent's Fees shall be paid simultaneously with the release of proceeds and securities pursuant to the Escrow Agreement.
The Obligated Parties and the Placement Agent agree that Offering Proceeds will be disbursed from the Escrow Account to cover the unpaid but earned Placement Agent's Fees and the Expense Allowance (as defined herein).
At any time, or from time to time, simultaneously with any Closing Date, the parties agree that notwithstanding any thing to the contrary in this Agreement or the Escrow Agreement, the Escrow Agent may at the Placement Agent's sole request deliver to the Placement Agent the portion of the Offering Proceeds from the Escrow Account that at the date of such request constitute the unpaid but accrued Placement Agent's Fees and the Expense Allowance (as defined herein).
Except for the Placement Agents Fees and up to $40,000 for reasonable expenses (including fees and expenses of counsel to the Placement Agents) incurred by the Placement Agents in connection with their acting as the Placement Agents, no fees or commissions will be payable by BreitBurn to brokers, finders or investment bankers with respect to the sale of any of the Purchased Units or the consummation of the transactions contemplated by this Agreement.
The Company agrees that it will pay the Placement Agent a cash placement agent's fee of ten percent (10%) of the Purchase Price ("Placement Agent's Fees") directly out of the funds held pursuant to the Escrow Agreement.