Common use of Acquisition Fee Clause in Contracts

Acquisition Fee. Subject to Section 12(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each Investment. If the Advisor is terminated without Cause pursuant to Section 18(b)(1), the Advisor or its assigns shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns shall be equal to 1.5% of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s), the Company shall pay to the Advisor or its assigns 1.0% of the Contract Purchase Price of the new Investment(s).

Acquisition Fee. Subject to Section 12(b10(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns Affiliates as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each InvestmentInvestments. If the Advisor is terminated without Cause pursuant to Section 18(b)(117(a), the Advisor or its assigns Affiliates shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable any such Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns Affiliates shall be equal to 1.5% one percent (1.0%) of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investmentInvestment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by Investment and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a10(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly held by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any to the Advisor or its Affiliates the Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s)other Investments, the Company shall will pay to the Advisor or its assigns Affiliates one percent (1.0% %) of the Contract Purchase Price of the new Investment(s)Investments.

Acquisition Fee. Subject to Section 12(b11(b), the Company shall pay an Acquisition Fee to the Advisor Advisor, its Affiliates or its assigns assignees as compensation for services rendered in connection with the investigation, selection selection, development, construction and acquisition (by purchase, investment or exchange) of each InvestmentInvestments. If the Advisor is terminated without Cause pursuant to Section 18(b)(120(a), the Advisor or its assigns Affiliates shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable any such Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns Affiliates shall be equal to 1.5% one percent (1.0%) of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investmentInvestment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by Investment and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly held by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any to the Advisor or its Affiliates the Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s)other Investments, the Company shall will pay to the Advisor or its assigns Affiliates one percent (1.0% %) of the Contract Purchase Price of the new Investment(s)Investments.

Acquisition Fee. Subject to Section 12(b10(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns Affiliates as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each InvestmentInvestments. If the Advisor is terminated without Cause pursuant to Section 18(b)(117(a), the Advisor or its assigns Affiliates shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable any such Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns Affiliates shall be equal to one and one-half percent (1.5% %) of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investmentInvestment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by Investment and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a10(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly held by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any to the Advisor or its Affiliates the Acquisition Fee due hereunder promptly upon the closing of the InvestmentInvestment and shall cover services rendered by the Advisor or its Affiliates until such time as a letter of intent to purchase such Investment has been submitted to the seller by the Advisor and the Advisor has presented a detailed investment memorandum to the Board of Directors for approval. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s)other Investments, the Company shall will pay to the Advisor or its assigns 1.0% Affiliates one and one-half percent (1.5%) of the Contract Purchase Price of the new Investment(s)Investments.

Acquisition Fee. Subject to Section 12(b10(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns Affiliates as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each InvestmentInvestments. If the Advisor is terminated without Cause pursuant to Section 18(b)(117(a), the Advisor or its assigns Affiliates shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable any such Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns Affiliates shall be equal to 1.5% one percent (1.0%) of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investmentasset acquired. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by asset and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a10(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly held by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any to the Advisor or its Affiliates the Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s)other Investments, the Company shall will pay to the Advisor or its assigns Affiliates one percent (1.0% %) of the Contract Purchase Price of the new Investment(s)Price.

Acquisition Fee. Subject to Section 12(b11(b), the Company shall pay an Acquisition Fee to the Advisor Advisor, its Affiliates or its assigns assignees as compensation for services rendered in connection with the investigation, selection selection, development, construction and acquisition (by purchase, investment or exchange) of each InvestmentInvestments. If the Advisor is terminated without Cause pursuant to Section 18(b)(119(a), the Advisor or its assigns Affiliates shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable any such Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns Affiliates shall be equal to 1.5% one percent (1.0%) of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investmentInvestment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by Investment and (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly held by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any to the Advisor or its Affiliates the Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s)other Investments, the Company shall will pay to the Advisor or its assigns Affiliates one percent (1.0% %) of the Contract Purchase Price of the new Investment(s)Investments.

Acquisition Fee. Subject to Section 12(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each Investment. If the Advisor is terminated without Cause pursuant to Section 18(b)(1), the Advisor or its assigns shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns shall be equal to 1.52.0% of (1) the Contract Purchase Price of each Investment property acquired and (2) the amount advanced for a Loan or other investment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s), the Company shall pay to the Advisor or its assigns 1.0% of the Contract Purchase Price of the new Investment(s).

Acquisition Fee. Subject to Section 12(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each Investment. If the Advisor is terminated without Cause pursuant to Section 18(b)(1), the Advisor or its assigns shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns shall be equal to 1.52.0% of (1) the Contract Purchase Price of each Investment property acquired and (2) the amount advanced for a Loan or other investment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, The Company shall pay an acquisition fee in connection with the reinvestment of the net proceeds from the sale of an Investment in a new Investment(s) only if during such reinvestment occurs prior to the period ending two years after second anniversary of the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s), the Company shall pay . The acquisition fee paid to the Advisor or its assigns with respect to such reinvestment shall equal 1.0% of the Contract Purchase Price of the new Investment(s).