Common use of Direct Investments Clause in Contracts

Direct Investments. When the Fund sells or otherwise disposes of a fee simple interest in real estate, the Manager will be entitled to a fee equal to twenty-five basis points (0.25%) of the selling price.

Direct Investments. When the Fund sells or otherwise disposes of a fee simple interest in real estate, the Manager will be entitled to a fee equal to twenty-five basis points one percent (0.251%) of the selling price.