Common use of COMPENSATION AND OTHER FEES Clause in Contracts

COMPENSATION AND OTHER FEES. As sole compensation for the services provided by ▇▇▇▇▇▇ hereunder, the Company agrees to pay to ▇▇▇▇▇▇: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 6% of the aggregate gross proceeds raised in the Placement (B) The Company also agrees to ▇▇▇▇▇ ▇▇▇▇▇▇ a non-accountable expense allowance equal to the lesser of 1% of the total gross proceeds of the offering and $50,000 (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement). Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 2 contracts

Sources: Placement Agent Agreement (Superconductor Technologies Inc), Placement Agent Agreement (Superconductor Technologies Inc)

COMPENSATION AND OTHER FEES. As sole compensation for the services provided by R▇▇▇▇▇ hereunder, the Company agrees to pay to R▇▇▇▇▇: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 69% of the aggregate gross proceeds raised in the PlacementPlacement (“Placement Agent Fee”). (B) The Company also agrees to ▇▇▇▇▇ pay R▇▇▇▇▇a non-accountable expense allowance expenses incurred in connection with its services under the Agreement in an amount equal to the lesser of 1% of the total aggregate gross proceeds of raised in the offering and $50,000 placement (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement). Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Sources: Placement Agent Agreement (Hythiam Inc)

COMPENSATION AND OTHER FEES. (A) As sole compensation for the services provided by ▇▇▇▇▇▇ hereunder▇▇▇▇▇▇▇▇▇, the Company agrees to pay to ▇▇▇▇▇▇ ▇ : (A) The fees set forth below with respect to the Placement: A cash ▇▇▇ fee payable immediately upon the closing of the Placement and equal to 66.0% of the aggregate gross proceeds raised in the Placement. (B) The Company also agrees to ▇▇▇▇▇ reimburse ▇▇▇▇▇▇’expenses (with supporting invoices/receipts) up to a non-accountable expense allowance equal to the lesser maximum of 10.8% of the total aggregate gross proceeds of raised in the offering and $50,000 Placement (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement), but in no event more than $30,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement, provided, however, the Company shall have received all supporting invoices/receipts.

Appears in 1 contract

Sources: Placement Agent Agreement (Aeterna Zentaris Inc.)

COMPENSATION AND OTHER FEES. As sole compensation for the services provided by ▇▇▇▇▇▇ hereunder▇▇▇▇▇▇▇▇▇, the Company agrees to pay to ▇▇▇▇▇▇: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 65.5% of the aggregate gross proceeds raised in the Placement. (B) The Company also agrees to ▇▇▇▇▇ reimburse ▇▇▇▇▇▇’expenses (with supporting invoices/receipts) up to a non-accountable expense allowance equal to the lesser maximum of 1% of the total aggregate gross proceeds of raised in the offering and placement, but in no event more than $50,000 (25,000 provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement). Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Sources: Placement Agent Agreement (China Gengsheng Minerals, Inc.)

COMPENSATION AND OTHER FEES. (A) As sole compensation for the services provided by R▇▇▇▇▇ hereunder, the Company agrees to pay to R▇▇▇▇▇ ▇ ▇▇: (A) The fees set forth below with respect to the Placement: A cash ▇▇ fee payable immediately upon the closing of the Placement and equal to 68% of the aggregate gross proceeds raised received in the Placement. (B) The Company also agrees to ▇▇▇▇▇ reimburse R▇▇▇▇▇a non-accountable expense allowance expenses (with supporting invoices/receipts) in an amount equal to the lesser of 1% of the total gross proceeds raised in the transaction up to a maximum of the offering and $50,000 35,000 (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement). Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Sources: Placement Agent Agreement (Novelos Therapeutics, Inc.)