Common use of Expenses of Agents Clause in Contracts

Expenses of Agents. 16.1 The Issuer will pay all of the expenses of the Private Placement and all the expenses reasonably incurred by the Agents in connection with the Private Placement including, without limitation, the reasonable fees and expenses of the solicitor for the Agents. The Issuer will be given advance notice of any expenses over the aggregate sum of $15,000. 16.2 The Issuer will pay the expenses referred to in the previous Subsection even if the transactions contemplated by this Agreement are not completed or this Agreement is terminated. 16.3 The Agents may, from time to time, render accounts for their expenses in connection with the Private Placement to the Issuer for payment on or before the dates set out in the accounts. 16.4 The Issuer authorizes the Agents to deduct their reasonable expenses in connection with Private Placement from the proceeds of the Private Placement and any advance payments made by the Issuer, including expenses for which an account has not yet been rendered.

Expenses of Agents. 16.1 15.1 The Issuer will pay all of the expenses of the Private Placement Offering and all the expenses reasonably incurred by the Agents in connection with the Private Placement Offering including, without limitation, the reasonable fees and expenses of the solicitor legal counsel for the Agents. The Issuer will be given advance notice of any expenses over the aggregate sum of $15,000. 16.2 15.2 The Issuer will pay the expenses referred to in the previous Subsection subsection, even if the transactions contemplated by this Agreement are not completed or this Agreement is terminated, unless the failure of acceptance or completion or the termination is the result of a breach of this Agreement. 16.3 15.3 The Agents may, from time to time, render accounts for their expenses in connection with the Private Placement Offering to the Issuer for payment on or before the dates set out in the accounts. 16.4 15.4 The Issuer authorizes the Agents to deduct their reasonable its expenses in connection with Private Placement the Offering from the proceeds of Units sold in the Private Placement Offering and any advance payments made by the Issuer, including expenses for which an account has not yet been rendered.