COMPENSATION OF DEALER MANAGER. 5.1 Except as may be provided in the "Plan of Distribution" section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager a selling commission equal to 7.0% of the $10.00 per Share cash price for Shares sold in the primary offering plus a marketing support fee of 2.5% of the $10.00 per Share cash price for Shares sold in the primary offering. The Company will also reimburse the Dealer Manager for the bona fide due diligence expenses it incurs as well as such expenses incurred by the Dealers in the aggregate amount of up to 0.5% of the gross offering proceeds from the primary offering. No selling commissions will be paid, and the per Share cash price shall be reduced to $9.30, in connection with Shares sold in the primary offering in the event that the investor has engaged the services of a registered investment advisor or other financial advisor, paid on a fee-for-service basis by the investor. No selling commissions will be paid, and the per Share cash price shall be reduced to $9.30, in connection with Shares sold to (i) retirement plans of participating Dealers, (ii) participating Dealers in their individual capacities, (iii) IRAs and qualified plans of their registered representatives or (iv) any one of their registered representatives in their individual capacities. No selling commissions, marketing support fees or due diligence reimbursements will be paid, and the per Share cash price shall be reduced to $9.00, in connection with Shares sold to executive officers and directors of the Company, as well as officers and employees of the Advisor and its affiliates. No selling commissions, marketing support fees or due diligence expense reimbursement will be paid in connection with Shares sold under the DRP. Reduced selling commissions will be paid to the Dealer Manager and reduced per share selling prices shall be offered for large purchases in the primary offering in accordance with the following table: SHARES PURCHASED BY A PURCHASER COMMISSION RATE PRICE PER SHARE ------------------------------------ -------------------- ------------------ 1 - 50,000 7.00% $ 10.00 50,001 - 100,000 6.00% $ 9.90 100,001 - 200,000 5.00% $ 9.80 200,001 - 500,000 4.00% $ 9.70 500,001 - 750,000 3.00% $ 9.60 750,001 - 1,000,000 2.00% $ 9.50 1,000,001 - and up 1.00% $ 9.40 The discounts noted in the above table will be applied on a transaction-by-transaction basis and in a progressive fashi...
COMPENSATION OF DEALER MANAGER. (a) As compensation for the services of the Dealer-Manager hereunder, the Fund will pay to the Dealer-Manager a selling commission of seven per cent (7%) of the purchase price of each BAC sold by it and a Dealer-Manager Fee in the amount of two per cent (2%) of the purchase price for each BAC sold to a subscriber. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, 7.0%; next 10,000 BACs, 6.5%; next 10,000 BACs, 5.5%; next 10,000 BACs, 4.5%; next 10,000 BACs, 3.5%; and next 10,000 BACs and over, 2.5%. The Dealer-Manager shall be entitled to the foregoing compensation only for the number of BACs for which the subscriber is admitted to the Fund as a BAC holder. The Dealer-Manager will also be entitled to receive: (i) an accountable due diligence expense reimbursement for actual bona fide due diligence expenses incurred by the Dealer-Manager or Soliciting Dealers retained by the Dealer-Manager, in an aggregate amount not to exceed one-half of one per cent (0.5%) of the purchase price for the BACs in such Fund sold through the efforts of the Dealer-Manager or by the Soliciting Dealers to subscribers with respect to such Fund; and (ii) a non-accountable expense allowance in an amount up to one per cent (1%) of the public ofering price of the BACs sold.
COMPENSATION OF DEALER MANAGER. (a) Except as provided in the "Selling and Escrow Arrangements" section of the Prospectus, as compensation for the securities of the Dealer-Manager hereunder, the Company will pay to the Dealer-Manager a selling commission of seven per cent (7%) of the gross proceeds of the Shares sold and a dealer-manager fee in the amount of two per cent (2.0%) of the gross proceeds of the Shares sold.
COMPENSATION OF DEALER MANAGER. 5.1. (a) Except as may be provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager a selling commission equal to 7.0% of the cash price for Shares sold through the Dealer Manager in the primary offering plus a dealer manager fee of 3.0% of the cash price for Shares sold in the primary offering through the Dealer Manager. Notwithstanding the foregoing, no commissions, payments or amount whatsoever will be paid to the Dealer Manager under this Section 5.1(a) unless or until $2,000,000 in Shares have been sold by the Dealer Manager and its Dealers (the “Minimum Offering”). Until the Minimum Offering is obtained, proceeds from the sale of Shares will be held in escrow and, if the Minimum Offering is not obtained, will be returned to the investors in accordance with the terms of the Prospectus.
COMPENSATION OF DEALER MANAGER. 5.1. (a) Except as may be provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager a selling commission equal to 7.0% of the cash price for Shares sold through the Dealer Manager in the primary offering plus a dealer manager fee of 3.0% of the cash price for Shares sold in the primary offering through the Dealer Manager; provided however, that the Company, the Dealer Manager and/or a Dealer may agree to reduce or eliminate selling commissions and/or dealer manager fees, as applicable, generally or with respect to a particular investment to accommodate a prospective investor or a Dealer.
COMPENSATION OF DEALER MANAGER. 5.1. As compensation for the services rendered under this Agreement by the Dealer Manager, subject to any special circumstances described in or otherwise provided in this Agreement and under the caption “Plan of Distribution” in the Memorandum, which may be amended and restated from time to time, the Company will pay to the Dealer Manager selling commissions and dealer manager fees in connection with sales of Class T Primary Shares, Class S Primary Shares, and Class D Primary Shares, all as described in Schedule 1 to this Agreement. The applicable selling commissions and dealer manager fees payable to the Dealer Manager will be paid substantially concurrently with the execution by the Company of orders submitted by purchasers of Class T Primary Shares, Class S Primary Shares and Class D Primary Shares, as applicable, and all or a portion of the selling commissions and dealer manager fees may be reallowed by the Dealer Manager to the Participating Dealers who sold the Class T Primary Shares, Class S Primary Shares and Class D Primary Shares giving rise to such selling commissions and dealer manager fees, as described more fully in the Participating Dealer Agreement entered into with each such Participating Dealer. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any Class I shares or DRP Shares and will not pay to the Dealer Manager any dealer manager fees in respect of the purchase of any Class S, Class D or Class I shares or DRP Shares.
COMPENSATION OF DEALER MANAGER. 7.1 In consideration for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager:
COMPENSATION OF DEALER MANAGER. 5.1. (a) Except as may be provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager a selling commission equal to 7.0% of the cash price for Shares sold through the Dealer Manager in the primary offering plus a dealer manager fee of 3.0% of the cash price for Shares sold in the primary offering through the Dealer Manager; provided however, that the Company, the Dealer Manager and/or a Dealer may agree to reduce or eliminate selling commissions and/or dealer manager fees, as applicable, generally or with respect to a particular investment to accommodate a prospective investor or a Dealer. Notwithstanding the foregoing, no commissions, payments or amount whatsoever will be paid to the Dealer Manager under this Section 5.1(a) unless or until $2,000,000 in Shares have been sold by the Dealer Manager and its Dealers (the “Minimum Offering”). Until the Minimum Offering is obtained, proceeds from the sale of Shares will be held in escrow and, if the Minimum Offering is not obtained, will be returned to the investors in accordance with the terms of the Prospectus.
COMPENSATION OF DEALER MANAGER. 5.1 Except as otherwise provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager sales commissions in the amount of 7.0% of the $15.00 per share cash price for Shares sold in the primary offering plus a dealer manager fee in the amount of 3.0% of the $15.00 per share cash price for Shares sold in the primary offering, and the Company will pay reduced selling commissions or may eliminate commissions on certain sales of Shares, including the reduction or elimination of selling commissions in accordance with, and on the terms set forth in, the Prospectus. No selling commissions, dealer manager fee or due diligence expense reimbursement shall be paid with respect to Shares sold pursuant to the Company’s DRIP.
COMPENSATION OF DEALER MANAGER. 5.1. (a) Except as may be provided in the “Plan of Distribution” section of the Prospectus, as compensation for the services rendered by the Dealer Manager, the Company agrees that it will pay to the Dealer Manager a selling commission equal to 7.0% of the $10.00 per Share cash price for Shares sold through the Dealer Manager in the primary offering plus a dealer manager fee of 3.0% of the $10.00 per Share cash price for Shares sold in the primary offering through the Dealer Manager; provided however, that the Company, the Dealer Manager and/or a Dealer may agree to reduce or eliminate selling commissions and/or dealer manager fees, as applicable, generally or with respect to a particular investment to accommodate a prospective investor or a Dealer.
