Disposition Fee. If the Advisor or an Affiliate of the Advisor provides a substantial amount of the services (as determined by a majority of the Independent Directors) in connection with the Sale of one or more Properties, the Advisor or such Affiliate shall receive a Disposition Fee equal to up to one-half of the real estate commission paid on the Sale of the Property, not to exceed 1% of the Contract Sales Price of each Property sold; provided, however, in no event may the Disposition Fee paid to the Advisor or an Affiliate of the Advisor, when added to the real estate commissions paid to non-Affiliates, exceed the lesser of (i) the Competitive Disposition Fee or (ii) 6.0% of the Contract Sales Price of a Property.
Appears in 8 contracts
Samples: Advisory Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Advisory Agreement (Cole Credit Property Trust Iv, Inc.), Advisory Agreement (Cole Credit Property Trust Iv, Inc.)
Disposition Fee. If the Advisor or an Affiliate of the Advisor provides a substantial amount of the services (as determined by a majority of the Independent Directors) in connection with the Sale of one or more Properties, the Advisor or such Affiliate shall receive a Disposition Fee equal to up to one-half of the real estate commission paid on the Sale of the Property, not to exceed 1% of the Contract Sales Price of each Property sold; provided, however, in no event may the Disposition Fee paid to the Advisor or an Affiliate of the Advisor, when added to the real estate commissions paid to non-Affiliates, exceed the lesser of (i) the Competitive Disposition Fee Real Estate Commission or (ii) 6.0% of the Contract Sales Price of a Property.
Appears in 2 contracts
Samples: Advisory Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Advisory Agreement (Cole Credit Property Trust V, Inc.)
Disposition Fee. If the Advisor or an Affiliate of the Advisor provides a substantial amount of the services (as determined by a majority of the Independent Directors) in connection with the Sale of one or more Properties, the Advisor or such Affiliate shall receive a Disposition Fee equal to up to one-half of the real estate commission paid on the Sale of the Property, not to exceed 1% of the Contract Sales Price of each Property sold; provided, however, in no event may the Disposition Fee paid to the Advisor or an Affiliate of the Advisor, when added to the real estate commissions paid to non-Affiliates, exceed the lesser of (i) the Competitive Disposition Fee Real Estate Commission or (ii) 6.0% of the Contract Sales Price of a Property.
Appears in 2 contracts
Samples: Advisory Agreement (Cole Credit Property Trust V, Inc.), Advisory Agreement (Cole Credit Property Trust V, Inc.)
