Common use of Placement Fees Clause in Contracts

Placement Fees. At the time of any purchase of Stock by the Investors pursuant to Section 1B of the Purchase Agreement or otherwise, the Company shall pay to GTCR a placement fee in immediately available funds equal to one percent (1.0%) of the amount paid by the Investors to the Parent in connection with such purchase. If any individual payment to GTCR pursuant to Section 4 would be less than $10,000, then such payment shall be held by the Company until such time as the aggregate of such payments equals or exceeds $10,000.

Placement Fees. At the time of any purchase of Preferred Stock by the Investors Investor pursuant to Section 1B of the Purchase Agreement or otherwiseAgreement, the Company shall pay to GTCR a placement fee in immediately available funds equal to one percent (1.0%) 0.5% of the amount paid by the Investors to the Parent Company in connection with such purchase. If any individual payment to GTCR pursuant to this Section 4 would be less than $10,000, then such payment shall be held by the Company until such time as the aggregate of such payments equals or exceeds $10,000.