Common use of Placement Agents' Compensation Clause in Contracts

Placement Agents' Compensation. In consideration for the services rendered by Placement Agent hereunder, the Company shall pay the Placement Agent, upon the distribution of funds from the escrow account established for the Offering in connection with each Closing for the issuance and sale of the Securities, in accordance with written wire transfer payment instructions from the Placement Agent cash compensation equal to one percent (1%) of the gross proceeds of the Offering for Executing Broker Services. Additionally, seven (7%) of the aggregate subscription proceeds originated by an Introducing Broker other than the Placement Agent shall be payable in cash to such Introducing Broker provided that the Introducing Broker introduces an Introduced Investor as defined directly below.

Appears in 1 contract

Sources: Exclusive Placement Agency Agreement (Virtuoso Surgical, Inc.)

Placement Agents' Compensation. In consideration for the services rendered by Placement Agent hereunder, the Company shall pay the Placement Agent, upon the distribution of funds from the escrow account established for the Offering in connection with each Closing for the issuance and sale of the Securities, in accordance with written wire transfer payment instructions from the Placement Agent cash Agent: (i) Cash compensation equal to one percent (1%) of the gross proceeds of the Offering for Executing Broker Services. Additionally, seven six (76%) of the aggregate subscription proceeds originated by an Introducing Broker other than the Placement Agent shall be payable in cash to such Introducing Broker provided that the Introducing Broker introduces an Introduced Investor as defined directly below.

Appears in 1 contract

Sources: Exclusive Placement Agency Agreement (Virtuoso Surgical, Inc.)

Placement Agents' Compensation. In consideration for the services rendered by Placement Agent hereunder, the Company shall pay the Placement Agent, upon the distribution of funds from the escrow account established for the Offering in connection with each Closing for the issuance and sale of the Securities, in accordance with written wire transfer payment instructions from the Placement Agent cash Agent: (i) Cash compensation equal to one percent (1%) of the gross proceeds of the Offering for Executing Broker ServicesServices . Additionally, seven (7six(6%) of the aggregate subscription proceeds originated by an Introducing Broker Broker-Dealer other than the Placement Agent shall be payable in cash to such Introducing Broker Broker-Dealer provided that the Introducing Broker Broker-Dealer introduces an Introduced Investor as defined directly below."

Appears in 1 contract

Sources: Exclusive Placement Agency Agreement (Grass Qozf, Inc.)

Placement Agents' Compensation. In consideration for the services rendered by Placement Agent hereunder, the Company shall pay the Placement Agent, upon the distribution of funds from the escrow account established for the Offering in connection with each Closing for the issuance and sale of the Securities, in accordance with written wire transfer payment instructions from the Placement Agent cash Agent: (i) Cash compensation equal to one percent (1%) of the gross proceeds of the Offering for Executing Broker Services. Additionally, seven eight (78%) of the aggregate subscription proceeds originated by an Introducing Broker Broker-Dealer other than the Placement Agent shall be payable in cash to such Introducing Broker Broker-Dealer provided that the Introducing Broker Broker-Dealer introduces an Introduced Investor as defined directly below.

Appears in 1 contract

Sources: Exclusive Placement Agency Agreement (Grass Qozf, Inc.)

Placement Agents' Compensation. In consideration for the services rendered by Placement Agent hereunder, the Company shall pay the Placement Agent, upon the distribution of funds from the escrow account established for the Offering in connection with each Closing for the issuance and sale of the Securities, in accordance with written wire transfer payment instructions from the Placement Agent cash Agent: (i) Cash compensation equal to one percent (1%) of the gross proceeds of the Offering for Executing Broker Services. Additionally, seven (7%) of the aggregate subscription proceeds originated by an Introducing Broker other than the Placement Agent shall be payable in cash to such Introducing Broker provided that the Introducing Broker introduces an Introduced Investor as defined directly below.

Appears in 1 contract

Sources: Exclusive Placement Agency Agreement (Virtuoso Surgical, Inc.)