Common use of Description of Expenses Clause in Contracts

Description of Expenses. All expenses incurred by the ----------------------- Corporation in complying with any of the foregoing provisions of this Agreement, including, without limitation, all Federal (including Commission and National Association of Securities Dealers, Inc.) and state registration qualification and filing fees, printing expenses, any premium involved in securing a policy or policies of registration insurance (but only if the Corporation in its sole discretion shall choose to secure such a policy or policies, such policy or policies to be herein referred to as "registration insurance"), fees and disbursements of counsel for the Corporation, and accountants fees and expenses (but excluding the compensation of regular employees of the Corporation which shall be paid in any event by the Corporation), incident to or required by any such registration are herein called "Registration Expenses." All underwriting discounts, selling commissions and transfer taxes applicable to the sale of Registrable Shares hereunder are herein called "Selling Expenses." If the Corporation is required by the provisions of this Agreement to use its reasonable best efforts to effect the registration of any of the Registrable Shares under the Securities Act, all Selling Expenses incurred in connection with registration statements covering Registrable Shares shall be borne by the Purchasers participating in such registration, pro rata, and all Registration Expenses shall be borne by the Corporation.

Description of Expenses. All expenses incurred by the ----------------------- Corporation Company in complying with any of the foregoing provisions of this Agreement, including, without limitation, all Federal (including Commission and National Association of Securities Dealers, Inc.) and state registration qualification and filing fees, printing expenses, any premium involved in securing a policy or policies of registration insurance (but only if the Corporation Company in its sole discretion shall choose to secure such a policy or policies, such policy or policies to be herein referred to as "registration insurance"), fees and disbursements of counsel for the CorporationCompany, and accountants fees and expenses (but excluding the compensation of regular employees of the Corporation Company which shall be paid in any event by the CorporationCompany), incident to or required by any such registration are herein called "Registration Expenses." ". All underwriting discounts, selling commissions and transfer taxes applicable to the sale of Registrable Shares hereunder are herein called "Selling Expenses." ". If the Corporation Company is required by the provisions of this Agreement to use its reasonable best efforts to effect the registration of any of the Registrable Shares under the Securities Act, all Selling Expenses incurred in connection with registration statements covering Registrable Shares shall be borne by the Purchasers Holder (or by the Holders participating in such registration, pro rata, ) and all Registration Expenses shall be borne by the CorporationCompany.