Common use of Non-Accountable Expense Allowance Clause in Contracts

Non-Accountable Expense Allowance. As additional consideration for the services to be provided hereunder, the Company shall pay to the Representative, in cash at the Closing, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the Offering (which non-accountable expense allowance shall not be payable on any proceeds from the sale of the Option Units).

Appears in 2 contracts

Samples: Underwriting Agreement (Alpha Security Group CORP), Underwriting Agreement (Alpha Security Group CORP)

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Non-Accountable Expense Allowance. As additional consideration for the services to be provided hereunder, the Company shall pay to the Representative, in cash at the Closing, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the Offering (which non-accountable expense allowance shall not be payable on any proceeds from the sale of the Option Units).. Maxim Group LLC _________________, 2007 Page 7 of 50

Appears in 1 contract

Samples: Underwriting Agreement (Alpha Security Group CORP)

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Non-Accountable Expense Allowance. As additional consideration for the services to be provided hereunder, the Company shall pay to the RepresentativeRepresentatives, in cash at the Closingcash, a non-accountable expense allowance equal to one two percent (12%) of the gross proceeds of the Offering (which nonthe “Non-accountable expense allowance shall not Accountable Expense Allowance”). The Non-Accountable Expense Allowance will be payable on any proceeds held in and paid to the Representatives from the sale of the Option Units)Trust Account as provided for in Section 1.4 hereof.

Appears in 1 contract

Samples: Underwriting Agreement (Chardan 2008 China Acquisition Corp.)

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