Common use of DEALER-MANAGER COMPENSATION Clause in Contracts

DEALER-MANAGER COMPENSATION. (i) Subject to the volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d), the Company agrees to pay the Dealer Manager selling commissions in the amount of three percent (3.0%) and a broker-dealer fee in the amount of up to one percent (1.0%) (for marketing and expenses) of the selling price of each Share for which a sale is completed from the Shares offered in the Offering. The Company will not pay selling commissions or broker-dealer fees for sales of Shares pursuant to the DRIP, and the Company will pay reduced selling commissions and broker-dealer fees or may eliminate commissions or fees on certain sales of Shares, including the reduction or elimination of selling commissions and broker-dealer fees in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager may re-allow up to all of the selling commissions and broker-dealer fees, subject to federal and state securities laws, to the Selected Broker-Dealer who sold the Shares, as described more fully in the Selected Broker-Dealer Agreement.

Appears in 3 contracts

Samples: Dealer Manager Agreement (Terra Income Fund 6, Inc.), Dealer Manager Agreement (Terra Income Fund 6, Inc.), Dealer Manager Agreement (Terra Income Fund 6, Inc.)

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DEALER-MANAGER COMPENSATION. (i) Subject to the volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d), the Company agrees to pay the Dealer Manager selling commissions in the amount of three six percent (3.06.0%) and a broker-dealer fee in the amount of up to one percent (1.0%) (for marketing and expenses) of the selling price of each Share for which a sale is completed from the Shares offered in the Offering. The Company will not pay selling commissions or broker-dealer fees for sales of Shares pursuant to the DRIP, and the Company will pay reduced selling commissions and broker-dealer fees or may eliminate commissions or fees on certain sales of Shares, including the reduction or elimination of selling commissions and broker-dealer fees in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager may re-allow up to all of the selling commissions and broker-dealer fees, subject to federal and state securities laws, to the Selected Broker-Dealer who sold the Shares, as described more fully in the Selected Broker-Dealer Agreement.

Appears in 1 contract

Samples: Dealer Manager Agreement (Terra Income Fund 6, Inc.)

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DEALER-MANAGER COMPENSATION. (i) Subject to the volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 3(d), the Company agrees to pay the Dealer Manager selling commissions in the amount of three six percent (3.06.0%) and a broker-dealer fee in the amount of up to one percent (1.0%) (for marketing fees and expenses) of the selling price of each Share for which a sale is completed from the Shares offered in the Offering. The Company will not pay selling commissions or broker-dealer fees for sales of Shares pursuant to the DRIP, and the Company will pay reduced selling commissions and broker-dealer fees or may eliminate commissions or fees on certain sales of Shares, including the reduction or elimination of selling commissions and broker-dealer fees in accordance with, and on the terms set forth in, the Prospectus. The Dealer Manager may re-allow up to all of the selling commissions and broker-dealer fees, subject to federal and state securities laws, to the Selected Broker-Dealer who sold the Shares, as described more fully in the Selected Broker-Dealer Agreement.

Appears in 1 contract

Samples: Dealer Manager Agreement (Terra Income Fund 6, Inc.)

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