Common use of Class T Shares Clause in Contracts

Class T Shares. Subject to the terms of the Agreement, including without limitation Sections IV, V and VI of the Agreement, the Dealer Manager shall reallow to the Dealer 100% of the Distribution Fees received by the Dealer Manager with respect to Class T Shares sold by the Dealer in the primary offering until such time as the Dealer has received aggregate Distribution Fees with respect to such Class T Shares equal to % of the aggregate purchase price of all shares at the time of purchase of such Class T Shares. The Dealer Manager will pay the Distribution Fees to the Dealer monthly in arrears. Notwithstanding anything to the contrary contained in this Schedule, the Dealer affirms that the Dealer Manager’s liability for payment of the Distribution Fees to the Dealer is limited solely to the Distribution Fees received by the Dealer Manager from the Company associated with the Dealer’s sale of Class T Shares and/or Class W Shares.

Class T Shares. Subject to the terms of the Agreement, including without limitation Sections IV, V and VI of the Agreement, the Dealer Manager shall reallow to the Dealer 100% of the Distribution Fees distribution and stockholder servicing fees received by the Dealer Manager with respect to Class T Shares sold by the Dealer in the primary offering until such time as the Dealer has received aggregate Distribution Fees distribution and stockholder servicing fees with respect to such Class T Shares equal to % [•]% of the aggregate purchase price of all shares at gross proceeds from the time of purchase sale of such Class T Shares. The Dealer Manager will shall pay the Distribution Fees distribution and stockholder servicing fee to the Dealer monthly in arrears. Notwithstanding anything to the contrary contained in this Schedule, the Dealer affirms that the Dealer Manager’s liability for payment of the Distribution Fees distribution and stockholder servicing fees to the Dealer is limited solely to the Distribution Fees distribution and stockholder servicing fees received by the Dealer Manager from the Company associated with the Dealer’s sale of Class T Shares and/or Class W Shares.