Common use of Changes to Fee Structure Clause in Contracts

Changes to Fee Structure. In the event the Shares are listed on a national securities exchange, CPA: 18 and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life. A majority of the Independent Directors must approve the new fee structure negotiated with the Manager. In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 18’s portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 18, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 or by others with whom CPA: 18 does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 18, including income, conservation or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 in relationship to the portfolio of real properties owned and managed by the Manager and its Affiliates for the account of other clients. The new fee structure can be no more favorable to the Manager than the current fee structure. The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.

Changes to Fee Structure. In the event the Shares are listed on a national securities exchangeexchange or are included for quotation on Nasdaq, CPA: 18 the Company and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life. A majority of the Independent Directors must approve the new fee structure negotiated with the Manager. In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 18the Company’s portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers Managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 18the Company, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 the Company or by others with whom CPA: 18 the Company does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 18the Company, including income, conservation conversion or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 the Company in relationship to the portfolio of real properties owned and managed by the Manager and W.P. Xxxxx & Co. LLC for its Affiliates for the account of other clientsown account. The new fee structure can be no more favorable to the Manager than the current fee structure. The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.

Changes to Fee Structure. In the event the Shares are listed on a national securities exchangeexchange or are included for quotation on Nasdaq, CPA: 18 the Company and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life. A majority of the Independent Directors must approve the new fee structure negotiated with the Manager. In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 18’s the Company's portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers Managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 18the Company, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 the Company or by others with whom CPA: 18 the Company does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 18the Company, including income, conservation conversion or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 the Company in relationship to the portfolio of real properties owned and managed by the Manager and W.P. Xxxxx & Co. LLC for its Affiliates for the account of other clientsown account. The new fee structure can be no more favorable to the Manager than the current fee structure. The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.

Changes to Fee Structure. In the event the Shares are listed on a national securities exchangeexchange or are included for quotation on Nasdaq, CPA: 18 the Company and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life. A majority of the Independent Directors must approve the new fee structure negotiated with the Manager. In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 18’s the Company's portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers Managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 18the Company, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 the Company or by others with whom CPA: 18 the Company does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 18the Company, including income, conservation conversion or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 the Company in relationship to the portfolio of real properties owned and managed by the Manager and W.P. Carey & Co. LLC for its Affiliates for the account of other clientsown account. The new fee structure can be no more xxxx favorable to the Manager than the current fee structure. The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.

Changes to Fee Structure. In the event the Shares are listed on a national securities exchange, CPA: 18 17 and the Manager shall negotiate in good faith to establish a fee structure appropriate for an entity with a perpetual life. A majority of the Independent Directors must approve the new fee structure negotiated with the Manager. In negotiating a new fee structure, the Independent Directors may consider any of the factors they deem relevant, including but not limited to: (a) the size of the Asset Management Fee in relation to the size, composition and profitability of CPA: 1817’s portfolio; (b) the rates charged to other REITs and to investors other than REITs by managers Managers performing similar services; (c) additional revenues realized by the Manager and its Affiliates through their relationship with CPA: 1817, including loan administration, underwriting or broker commissions, servicing, engineering, inspection and other fees, whether paid by CPA: 18 17 or by others with whom CPA: 18 17 does business; (d) the quality and extent of service furnished by the Manager; (e) the performance of the investment portfolio of CPA: 1817, including income, conservation conversion or appreciation of capital, frequency of problem investments and competence in dealing with distress situations and (f) the quality of the portfolio of CPA: 18 17 in relationship to the portfolio of real properties owned and managed by the Manager and W.P. Carey Inx. xxr its Affiliates for the account of other clientsown account. The new fee structure can be no more favorable to the Manager than the current fee structure. The Independent Directors shall not approve any new fee structure that is in their judgment more favorable (taken as a whole) to the Manager than the current fee structure.