Disposition Fee. (i) If the Advisor or an Affiliate provides a substantial amount of services in the sale of an Investment, the Advisor or such Affiliate shall be entitled to receive a disposition fee (the “Disposition Fee”) at the time of such disposition, in an amount equal to the lesser of (1) 50% of the Competitive Real Estate Commission (if applicable) and (2) 1.5% of the Contract Sales Price of the Investment.
Appears in 4 contracts
Samples: Advisory Agreement (Carey Watermark Investors 2 Inc), Advisory Agreement (Carey Watermark Investors Inc), Advisory Agreement (Carey W P & Co LLC)
Disposition Fee. (i) If the Advisor or an Affiliate provides a substantial amount of services in the sale of an Investment, the Advisor or such Affiliate shall be entitled to receive a disposition fee (the “Disposition Fee”) at the time of such disposition, in an amount equal to the lesser of (1) 50% of the Competitive Real Estate Commission (if applicable) and (2) 1.53.0% of the Contract Sales Price of the Investment; provided, however, that no Disposition Fee shall be paid in respect of Investments that are readily marketable securities.
Appears in 3 contracts
Samples: Advisory Agreement (W. P. Carey Inc.), Advisory Agreement (Corporate Property Associates 18 Global Inc), Form of Advisory Agreement (Corporate Property Associates 18 Global Inc)
Disposition Fee. (i) If the Advisor or an Affiliate provides a substantial amount of services in the sale of an Investment, the Advisor or such Affiliate shall be entitled to receive a disposition fee (the “"Disposition Fee”") at the time of such disposition, in an amount equal to the lesser of (1) 50% of the Competitive Real Estate Commission (if applicable) and (2) 1.5% of the Contract Sales Price of the Investment.
Appears in 3 contracts
Samples: Advisory Agreement (Carey Watermark Investors 2 Inc), Advisory Agreement (W. P. Carey Inc.), Advisory Agreement (W. P. Carey Inc.)
