Common use of Payment Due at Closing Clause in Contracts

Payment Due at Closing. Notwithstanding anything to the contrary in this Agreement, at the initial Closing and each time thereafter that BOFL consummates the sale of Securities with regard to which Placement Agent is due Placement Fees, BOFL shall pay the Placement Agent all Placement Fees and all other amounts payable pursuant to this Agreement, to the extent not previously paid by BOFL.