Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate A Bonds Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A R-Bonds.
Appears in 3 contracts
Sources: Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund V, LLC), Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund V, LLC), Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund V, LLC)
Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate Series A Bonds Total Sales and Series B Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A Series R-Bonds▇ ▇▇▇▇▇ or Series R▇ ▇▇▇▇▇.
Appears in 2 contracts
Sources: Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund IV, LLC), Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund IV, LLC)
Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, the Company will pay the MBD/U for sales of the Securities an amount up to One Percent (1.0%) of the aggregate A Bonds Total Sales as a non-accountable marketing and due diligence allowance to the extent passed on by the MBD/U to the Selling Group Members. For the avoidance of doubt, no expense allowances will be paid for sales of A R-Bonds.
Appears in 2 contracts
Sources: Managing Broker Dealer/Underwriter Agreement (Red Oak Capital Fund III, LLC), Managing Broker Dealer Agreement/Underwriters Agreement (Red Oak Capital Fund II, LLC)