Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 8 contracts
Sources: Standby Equity Distribution Agreement (Cti Industries Corp), Standby Equity Distribution Agreement (Electric Aquagenics Unlimited Inc), Standby Equity Distribution Agreement (Cirtran Corp)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five six and one half percent (56.5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 4 contracts
Sources: Equity Line of Credit Agreement (Communication Intelligence Corp), Equity Line of Credit Agreement (Communication Intelligence Corp), Equity Line of Credit Agreement (Communication Intelligence Corp)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five three percent (53%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 4 contracts
Sources: Equity Line of Credit Agreement (Mobilepro Corp), Equity Line of Credit Agreement (Mobilepro Corp), Equity Line of Credit Agreement (Mobilepro Corp)
Commitment Fees. (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five four percent (54%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 2 contracts
Sources: Standby Equity Distribution Agreement (Headliners Entertainment Group, Inc.), Standby Equity Distribution Agreement (Headliners Entertainment Group, Inc.)
Commitment Fees. (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 2 contracts
Sources: Standby Equity Distribution Agreement (Intrepid Technology & Resource Inc), Standby Equity Distribution Agreement (Bio One Corp)
Commitment Fees. (i) On each Advance Date the Company shall pay to the InvestorInvestor , directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
(ii) Upon the execution of this Agreement the Company shall pay the sum of Fifty Thousand Dollars ($50,000) to the Investor.
Appears in 2 contracts
Sources: Equity Line of Credit Agreement (Ams Homecare Inc), Equity Line of Credit Agreement (Ams Homecare Inc)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five ten percent (510%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 2 contracts
Sources: Standby Equity Distribution Agreement (Nuwave Technologies Inc), Standby Equity Distribution Agreement (Nuwave Technologies Inc)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from out of the gross proceeds held in escrowof each Advance, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will shall be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 2 contracts
Sources: Standby Equity Distribution Agreement (VIASPACE Inc.), Standby Equity Distribution Agreement (Startech Environmental Corp)
Commitment Fees. i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five four percent (54%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 1 contract
Sources: Standby Equity Distribution Agreement (Headliners Entertainment Group, Inc.)
Commitment Fees. (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five three percent (53%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
(ii) Upon the execution of this Agreement the Company shall issue to the Investor 3,032,000 shares of the Company's Common Stock.
Appears in 1 contract
Sources: Equity Line of Credit Agreement (Ivp Technology Corp)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five seven percent (57%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.
Appears in 1 contract
Sources: Equity Line of Credit Agreement (Pick Ups Plus Inc)
Commitment Fees. On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement. Subsequently on each advance date, the Company will pay Yorkville Advisors Management, LLC a structuring fee of Five Hundred Dollars ($500).
Appears in 1 contract
Sources: Standby Equity Distribution Agreement (Gavella Corp)