Payment of Expenses Clause Example from Business Contracts

Payment of Expenses. The Company covenants and agrees with the Manager that the Company will pay or cause to be paid the following, whether or not the transactions contemplated hereby are consummated: (a) the fees, disbursements and expenses of the Company's counsel and accountants in connection with the registration of the Shares under the Act and all other expenses in connection with the preparation, printing, reproduction and filing of the Registration Statement, each Issuer Free Writing Prospectus and the Prospe...ctus and amendments and supplements thereto and the mailing and delivering of copies thereof to the Manager; (b) all reasonable expenses in connection with the qualification of the Shares for offering and sale under state securities laws as provided in Section 4(c) hereof, including, subject to the limitation in clause (d) below, the reasonable and documented fees and disbursements of counsel for the Manager in connection with such qualification and in connection with the Blue Sky survey; (c) all fees and expenses in connection with listing the Shares on NASDAQ; (d) the filing fees incident to, and the reasonable and documented fees and disbursements of counsel for the Manager in connection with, the transactions contemplated hereby, provided that the aggregate fees and disbursements of counsel for the Manager that the Company shall be obligated to reimburse shall not exceed $30,000 in the aggregate; (e) the cost of preparing the Shares; and (f) the cost and charges of any transfer agent or registrar. It is understood, however, that, except as provided in this Section, and Sections 7 and 8 hereof, the Manager will pay all of its own costs and expenses, including the fees of their counsel, transfer taxes on resale of any of the Shares by them, and any advertising expenses connected with any offers they may make. View More