Common use of Competitive Real Estate Commission Clause in Contracts

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually paid in respect of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 16 contracts

Samples: Advisory Agreement (Global Growth Trust, Inc.), Advisory Agreement (Global Income Trust, Inc.), Advisory Agreement (Global Income Trust, Inc.)

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Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually paid in respect or allocated (as of the date of purchase) to the purchase or improvement of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 9 contracts

Samples: Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property property, which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually total of all real estate commissions paid by the Company to all Persons (not including the Subordinated Participation Fee payable to the Advisor) in respect connection with any Sale of one or more of the purchase Company’s Properties shall not exceed the lesser of (i) a Competitive Real Property, and the amount budgeted in respect Estate Commission or (ii) six percent of the development, construction gross sales price of the Property or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesProperties.

Appears in 9 contracts

Samples: Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles NNN REIT, Inc.), And Restated Advisory Agreement (Rich Uncles Real Estate Investment Trust I)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of a property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually paid or allocated by the Company in respect of the purchase of a Real Propertypurchase, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount funded or actually paid in respect to the purchase of other acquire or originate a Real Estate Estate-Related Securities or Permitted InvestmentsInvestment, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 8 contracts

Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Amended and Restated Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no such commission is paid, the amount that customarily would be paid for the purchase or sale of property which a Property that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 7 contracts

Samples: Registration Rights Agreement (Behringer Harvard Reit I Inc), Third Amended and Restated Advisory Agreement (Behringer Harvard Reit I Inc), Fourth Amended and Restated Advisory Agreement (Behringer Harvard Reit I Inc)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no commission is paid, the amount that customarily would be paid for the purchase or sale of property which a Property that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect Property (as determined by the Board, including a majority of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesIndependent Directors).

Appears in 7 contracts

Samples: Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.), Form of Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.), Form of Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no commission is paid, the amount that customarily would be paid for the purchase or sale of property which an Asset that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect Asset (as determined by the Board, including a majority of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesIndependent Directors).

Appears in 7 contracts

Samples: Advisory Management Agreement (Behringer Harvard Multifamily REIT II, Inc.), Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc), Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually total of all real estate commissions paid by the Company to all Persons (including the subordinated disposition fee payable to the Advisor) in respect connection with any Sale of one or more of the purchase Company’s Properties shall not exceed the lesser of (i) a Competitive Real Property, and the amount budgeted in respect Estate Commission or (ii) 6% of the development, construction gross sales price of the Property or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesProperties.

Appears in 5 contracts

Samples: Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase PriceConstruction Fee. The amount actually paid in respect of the purchase of A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 3 contracts

Samples: Advisory Agreement (CNL Healthcare Properties II, Inc.), Advisory Agreement (CNL Healthcare Properties II, Inc.), Form of Advisory Agreement (CNL Healthcare Properties II, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no such commission is paid, the amount that customarily would be paid for the purchase or sale of property which a Property that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect Property (as determined by the Board, including a majority of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesIndependent Directors).

Appears in 3 contracts

Samples: Form of Advisory Agreement (Behringer Harvard Opportunity REIT I, Inc.), Advisory Management Agreement (Behringer Harvard Opportunity REIT I, Inc.), Form of Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Sales Price. The amount actually paid in respect total consideration received by the Company for the sale of a Company Property. Dealer Manager. Dividend Capital Securities LLC, an Affiliate of the purchase Advisor, or such other Person or entity selected by the Board of Directors to act as the dealer manager for the Offering. Dividend Capital Securities LLC is a Real Property, and the amount budgeted in respect member of the developmentFinancial Industry Regulatory Authority, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.Inc.

Appears in 3 contracts

Samples: Advisory Agreement (Dividend Capital Diversified Property Fund Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property property, which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually paid in respect or allocated (as of the purchase date of a Real Propertypurchase) to the purchase, and the amount budgeted in respect of the development, construction or improvement of a Real Propertyproperty, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 3 contracts

Samples: Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase PriceConstruction Fee. The amount actually paid in respect of the purchase of A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expensesproperty.

Appears in 3 contracts

Samples: Advisory Agreement (CNL Properties Trust, Inc.), Form of Advisory Agreement (CNL Properties Trust, Inc.), Form of Advisory Agreement (CNL Diversified Lifestyle Properties, Inc.)

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Competitive Real Estate Commission. A The real estate or brokerage commission paid for the purchase or sale of a property which that is reasonable, customary, customary and competitive in light of the size, type, type and location of the property. Contract Purchase Sales Price. The amount actually paid in respect total consideration received by the Company for the sale of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 2 contracts

Samples: Asset Management Agreement (W P Carey & Co LLC), Asset Management Agreement (Corporate Property Associates 16 Global Inc)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property property, which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually total of all real estate commissions paid by the Company to all Persons (including the Subordinated Disposition Fee payable to the Advisor) in respect connection with any Sale of one or more of the purchase Company’s Properties shall not exceed the lesser of (i) a Competitive Real Property, and the amount budgeted in respect Estate Commission or (ii) six percent of the development, construction gross sales price of the Property or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesProperties.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Income Properties Inc), Advisory Agreement (CNL Hotels & Resorts, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no commission is paid, the amount that customarily would be paid for the purchase or sale of a property which that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect property (as determined by the Board, including a majority of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesIndependent Directors).

Appears in 1 contract

Samples: Advisory Management Agreement (Adaptive Real Estate Income Trust, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of property Property, which is reasonable, customary, and competitive in light of the size, type, and location of the propertyProperty. Contract Purchase Price. The amount actually paid in respect or allocated (as of the purchase date of a Real Propertypurchase) to the purchase, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses. Contract Sales Price. The total consideration received by the Company for the sale of Property which is owned or held by the Company.

Appears in 1 contract

Samples: Real Estate Services Agreement (Future of Housing Fund, Inc.)

Competitive Real Estate Commission. A The real estate or brokerage commission paid for the purchase or sale of property which an Investment that is reasonable, customary, customary and competitive in light of the size, type, type and location or other relevant characteristics of the propertyInvestment. Contract Purchase Price. The amount actually paid in respect of the purchase of "Construction Fee." A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 1 contract

Samples: Advisory Agreement (W. P. Carey Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or sale of a property which is reasonable, customary, and competitive in light of the size, type, and location of the property. Contract Purchase Price. The amount actually paid or allocated by the Company in respect of the purchase of a Real Propertypurchase, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect funded to the purchase of other acquire or originate a Real Estate Related Securities or Permitted InvestmentsSecurity, in each case exclusive of Acquisition Fees and Acquisition Expenses.

Appears in 1 contract

Samples: Amended and Restated Advisory Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Competitive Real Estate Commission. A real estate or brokerage commission paid or, if no commission is paid, the amount that customarily would be paid for the purchase or sale of property which a Property that is reasonable, customary, and competitive in light of the size, type, type and location of the property. Contract Purchase Price. The amount actually paid in respect Property (as determined by the Board, including a majority of the purchase of a Real Property, and the amount budgeted in respect of the development, construction or improvement of a Real Property, the amount of funds advanced with respect to a Loan or the amount actually paid in respect to the purchase of other Real Estate Related Securities or Permitted Investments, in each case exclusive of Acquisition Fees and Acquisition ExpensesIndependent Directors).

Appears in 1 contract

Samples: Form of Advisory Management Agreement (Behringer Harvard REIT II, Inc.)

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