Post-Termination Payments. If the Company terminates the Agent's engagement hereunder prior to the end of the one hundred and twenty (120) day term of Section 1(g)(i) above, the Company agrees to pay to the Agent the full Commission defined above as measured against any public or private sales of securities by the Company which sales occur within one hundred and twenty (120) days after such termination to any investors who were introduced to the Company by the Agent during such engagement, or contacted by the Agent during such engagement and disclosed to the Company in writing. All payment obligations of the Company to the Agent set forth in this Section 1 shall survive the delivery of and payment for the Securities sold hereunder and any termination of the Agent's engagement, this Agreement or the escrow agreement described above.
Appears in 2 contracts
Sources: Placement Agency Agreement (Incara Pharmaceuticals Corp), Placement Agency Agreement (Incara Pharmaceuticals Corp)
Post-Termination Payments. If the Company terminates the Agent's engagement hereunder prior to the end of the one hundred and twenty (120) day term of Section 1(g)(i) above, the Company agrees to pay to the Agent the full Commission defined above as measured against any public or private sales of securities by the Company which sales occur within one hundred and twenty (120) days after such termination to any investors who were introduced to the Company by the Agent during such engagement, or contacted by the Agent during such engagement and disclosed to the Company in writing. All payment obligations of the Company to the Agent set forth in this Section 1 shall survive the delivery of and payment for the Securities sold hereunder and any termination of the Agent's engagement, engagement or this Agreement or the escrow agreement described aboveAgreement.
Appears in 1 contract
Sources: Placement Agency Agreement (Incara Pharmaceuticals Corp)