Common use of Acquisition Commission Clause in Contracts

Acquisition Commission. For locating, leasing or purchasing Real Property for the Company, the Advisor or an Affiliate shall receive an Acquisition Commission equal to the lesser of (i) up to 6% of costs of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property.

Appears in 2 contracts

Samples: Advisory Agreement (American Realty Investors Inc), Advisory Agreement (American Realty Investors Inc)

AutoNDA by SimpleDocs

Acquisition Commission. For locating, leasing or ---------------------- purchasing Real Property for the Company, the Advisor or an Affiliate shall receive an Acquisition Commission equal to the lesser of (i) up to 6% of costs of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property.

Appears in 1 contract

Samples: Advisory Agreement (American Realty Trust Inc)

AutoNDA by SimpleDocs

Acquisition Commission. For locating, leasing or purchasing Real Property for the Company, the Advisor or an Affiliate shall is to receive an Acquisition Commission equal to the lesser of (i) up to 6% of costs of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property.

Appears in 1 contract

Samples: Advisory Agreement (American Realty Trust Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.