Agent’s Compensation definition
Examples of Agent’s Compensation in a sentence
The amount of proceeds to be delivered to the Company on a Settlement Date against receipt of the Placement Shares sold (the “Net Proceeds”) will be equal to the aggregate sales price received by the Agent, after deduction for (i) the Agent’s Compensation for such sales payable by the Company pursuant to Section 2 hereof, and (ii) any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales.
The amount of proceeds to be delivered to the Company on a Settlement Date against receipt of the Placement Shares sold (the “Net Proceeds”) will be equal to the aggregate sales price received by the Designated Agent, after deduction for (i) the Designated Agent’s Compensation for such sales payable by the Company pursuant to Section 2 hereof, and (ii) any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales.
Agent’s Compensation – This section provides the standard fees that will be provided to the agent for their services.
Each Agent’s Compensation Option will entitle the holder to acquire one common share of the Company at the Offering Price for 24 months from Closing.
The relative benefits received by the Company on the one hand and the Placement Agent on the other shall be deemed to be in the same proportion as the total net proceeds from the Offering (before deducting expenses) received by the Company bear to the total Placement Agent’s Compensation received by the Placement Agent.
In the event of any such termination by the Company, the Placement Agent shall not be entitled to any amounts whatsoever except (i) any Agent’s Compensation earned through the Termination Date, provided there has been a Closing and (ii) as may be due under any indemnity or contribution obligation provided herein or any other Transaction Document, at law or otherwise.
Delays to Substantial Completion shall not increase the Commissioning Agent’s Compensation for Post-Construction Phase Services.
The relative benefits received by the Company on the one hand and the respective Agent on the other shall be deemed to be in the same proportion as the total net proceeds from the Offering (before deducting expenses) received by the Company bear to the total respective Placement Agent’s Compensation received by the Placement Agent.
No fees (including the Agent’s Compensation) pursuant to this Section 4(g) shall be paid to the Placement Agent with respect to investments made as part of any registered public offering of the Company’s securities.
In the event of any such termination by the Company, the Placement Agent shall not be entitled to any amounts whatsoever except (i) any Agent’s Compensation and Agent Expenses earned through the Termination Date, provided there has been a Closing and (ii) as may be due under any indemnity or contribution obligation provided herein or any other Transaction Document, at law or otherwise.