Common use of Non-Accountable Expense Allowance Clause in Contracts

Non-Accountable Expense Allowance. The Company agrees that, in addition to the expenses payable pursuant to Section 4(a) hereof, at the Closing Time, it will pay to the Representative a non-accountable expense allowance equal to 0.75% of the gross proceeds received by the Company from the sale of the Initial Units, by deduction from the proceeds of the offering of the Initial Units contemplated herein. Such payment shall be reflected as a reduction in the purchase price per Initial Unit pursuant to Section 2(a) hereof.

Non-Accountable Expense Allowance. The Company agrees that, in addition to the expenses payable pursuant to Section 4(a) hereof, at the Closing Time, it will pay to the Representative Representative, a non-accountable expense allowance of $1,125,000, equal to 0.75.75% of the gross proceeds received by the Company from the sale of the Initial Units, by deduction from the proceeds of the offering of the Initial Units contemplated herein. Such payment shall be reflected as a reduction in the purchase price per Initial Unit pursuant to Section 2(a) hereof.

Non-Accountable Expense Allowance. The Company agrees that, in addition to the expenses payable pursuant to Section 4(a) hereof, at the Closing Time, it will pay to the Representative a non-accountable expense allowance equal to 0.75_____% of the gross proceeds received by the Company from the sale of the Initial Units, by deduction from the proceeds of the offering of the Initial Units contemplated herein. Such payment shall be reflected as a reduction in the purchase price per Initial Unit pursuant to Section 2(a) hereof.

Non-Accountable Expense Allowance. The Company agrees that, in addition to the expenses payable pursuant to Section 4(a) hereof, at the Closing Time, it will pay to the Representative Representative, subject to the last sentence of this Section 4(b), a non-accountable expense allowance of $1,000,000, equal to 0.751% of the gross proceeds received by the Company from the sale of the Initial Units, by deduction from the proceeds of the offering of the Initial Units contemplated herein. Such payment shall be reflected as a reduction in the purchase price per Initial Unit pursuant to Section 2(a) hereof.