Additional Investment. Prior to the termination of the Initial Public Offering, the Advisor agrees to purchase an additional amount of Shares at the then-current public offering price per Share, net of any Selling Commissions or Dealer Manager Fees, equal to the lesser of (a) 1% of the amount of Gross Proceeds raised from sales to persons who are not Affiliates of the Advisor in the Initial Public Offering or (b) $1,000,000.
Appears in 3 contracts
Samples: Advisory Agreement (Resource Real Estate Innovation Office REIT, Inc.), Advisory Agreement (Resource Real Estate Innovation Office REIT, Inc.), Advisory Agreement (Resource Real Estate Innovation Office REIT, Inc.)
Additional Investment. Prior to the termination of the Initial Public Offering, the Advisor agrees to purchase an additional amount of Shares of Class A common stock of the Company at the then-current public offering price per Shareshare of common stock, net of any Selling Commissions or Dealer Manager Fees, equal to the lesser of (a) 1% of the amount of Gross Proceeds raised from sales to persons who are not Affiliates of the Advisor in the Initial Public Offering or (b) $1,000,000.
Appears in 1 contract
Samples: Advisory Agreement (Resource Innovation Office REIT, Inc.)
