Nonaccountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $25,000 has previously been paid), by deduction from the proceeds of the Offering contemplated herein.
Nonaccountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.13.1, upon consummation of a Business Combination, it will pay to the Representative a cash fee of one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $100,000 has previously been paid) representing a nonaccountable expense allowance due to the Representative.
Nonaccountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units by deduction from the proceeds of the Offering contemplated herein; provided, however, that this nonaccountable expense fee shall be reduced on a dollar-for-dollar basis by the amount that the expenses incident to the Offering, including the expenses incurred pursuant to Section 3.13.1, exceed $450,000 in the aggregate; provided, further, that in the event the Offering is terminated for whatever reason prior to the Closing Date, the Representative shall be reimbursed only for its actual, accountable out-of- pocket expenses.
Nonaccountable Expenses. The Company agrees that, in addition to the expenses payable pursuant to Section 3.13.1, it will pay to the Representative an additional cash fee equal to 1.5% of the gross proceeds received by the Company from the sale of the Firm Units (of which $75,000 has previously been paid) representing a nonaccountable expense allowance due to the Representative. The balance owed will be payable only if and when the Company consummates a Business Combination. If a Business Combination is not consummated, the Representative shall not be entitled to any additional fee but will be entitled to retain the $75,000 advance previously paid.
Nonaccountable Expenses. The Company agrees that, in addition to the expenses payable pursuant to Section 3.13.1, it will pay the Representative, upon consummation of a Business Combination, an additional cash fee equal to 1% of the gross proceeds received by the Company from the sale of the Firm Units representing a nonaccountable expense allowance due to the Representative; provided, however, that (a) in the event a Business Combination is not consummated, such fees will be returned to the Company prior to its liquidation or (b) in the event a Business Combination is consummated, such fees will be credited against the amount due to the Representative upon consummation of such Business Combination.
Nonaccountable Expenses. The Company further agrees that in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $10,000 has previously been paid) by deduction from the proceeds of the Offering contemplated herein. In addition, the Company shall pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Placement Securities.
Nonaccountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.11.1, on the Closing Date it will pay to the Representative a nonaccountable expense allowance equal to two and twenty-five hundredths of a percent (2.25%) of the gross proceeds from the sale of the Firm Units by deduction from the proceeds of the Offering contemplated herein; provided, however, that the such proceeds shall be deposited into the Trust Fund pursuant to Section 1.1.3 of this Agreement and shall be released upon the earlier of a Business Combination or the liquidation of the Trust Fund.
Nonaccountable Expenses. The Company agrees that, in addition to the expenses payable pursuant to Section 3.13.1, it will pay to the Representative a nonaccountable expense allowance equal to one half of one percent (0.5%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $75,000 has previously been paid), by deduction from the proceeds of the Offering contemplated herein. Additionally, the Company agrees that it will pay the Representative, upon consummation of a Business Combination, an additional cash fee equal to one half of one percent (0.5%) of the gross proceeds received by the Company from the sale of the Firm Units.
Nonaccountable Expenses. Upon the consummation of the initial Business Combination, the Company will pay to Wedbush an amount equal to 1% of the gross proceeds received by the Company from the sale of the Firm Units (before giving effect to any discounts and commissions).
Nonaccountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to Xxxx Capital a nonaccountable expense allowance equal to two percent (2%) of the gross proceeds received by the Company from the sale of the Firm Units (less $50,000 previously advanced by the Company) by deduction from the proceeds of the Offering contemplated herein. In addition, at the closing of a Business Combination, the Company will pay to Xxxx Capital a cash fee equal to one percent (1%) of the value of the Business Combination.
