Accountable Expenses definition

Accountable Expenses. The Company agrees to reimburse Advisor, promptly when invoiced, for all of its reasonable out-of-pocket expenses in connection with the performance of its services hereunder, regardless of whether a Transaction occurs, including legal counsel fees, due diligence, road show, travel, platform on-boarding fees, background checks and other reasonable out-of-pocket accountable expenses which shall not exceed USD$60,000, and in accordance with FINRA Rule 5110(g)(4)(A), which the Company has already paid in full. Other than the above, any expense exceeding USD$1,000 shall be pre-approved in writing by the Company. Upon the earlier of the termination of the Agreement or completion of a Transaction, the Company agrees to pay promptly in cash any unreimbursed expenses that have accrued as of such date. The advance will be returned to the Company to the extent such out-of-pocket accountable expenses are not actually incurred in accordance with FINRA Rule 5110(f)(2)(C).
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Examples of Accountable Expenses in a sentence

  • Company and Managing Broker-Dealer shall work proactively with each other to insure that each are timely informed of all Accountable Expenses and commitments to pay such expenses as they are made.

  • For the sake of clarity, it is understood and agreed that the Company shall be responsible for the Representative’s Accountable Expenses detailed in this Section irrespective of whether the Offering is consummated or whether or not there is a Closing, except in the case of a default by the Underwriters set forth in Section 6 of this Agreement.

  • Such expenses amount shall cover the Representative’s Accountable Expenses for the Offering, including reasonable out-of-pocket expenses (including, but not limited to, travel communication, third party and legal counsel expenses) in connection with the performance of its services hereunder, regardless of whether the Offering is consummated and the Closing occurs.

  • Accountable Expenses shall be payable in the same manner and on the same terms as Fees are payable under Section 7.

  • The accountable expenses reimbursable under this Section 8 are referred to as “Accountable Expenses.” The Company and Managing Broker-Dealer shall work proactively with each other to insure that each are timely informed of all Accountable Expenses and commitments to pay such expenses as they are made.

  • Such expenses amount shall cover the Representative’s Accountable Expenses for the Offering, including reasonable out-of-pocket expenses (including, but not limited to, travel communication, third party and legal counsel expenses) in connection with the performance of its services hereunder, regardless of whether the Offering is consummated and the Closing occurs, except in the case of a default by the Underwriters.

  • The Retainer Amount will be applied against the Non Accountable Expenses Allowance, and the Placement Agent will be entitled only to the difference between them, if any.

  • Such expenses amount shall cover the Underwriters’ Accountable Expenses for the Offering, including reasonable out-of-pocket expenses (including, but not limited to, travel communication, third party and legal counsel expenses) in connection with the performance of its services hereunder, regardless of whether the Offering is consummated and the Closing occurs.

  • The expenses reimbursable under this Section 9 are referred to as “Accountable Expenses.” Accountable Expenses shall be payable in the same manner and on the same terms as Fees and Non-Accountable Expenses are payable under Sections 7 and 8 upon the Company’s receipt of proper documentation therefor.

  • The Company and Managing Broker-Dealer shall work proactively with each other to insure that each are timely informed of all Accountable Expenses and commitments to pay such expenses as they are made.