Common use of Oversight Fee Clause in Contracts

Oversight Fee. In the event that Company contracts directly with a third-party property manager in respect of a Property, Company shall pay Manager an oversight fee equal to 1% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company contracts directly with a third-party property manager in respect of a Property, Company shall pay Manager an oversight fee equal to 11.0% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company contracts directly with a third-party property manager in respect of a Property, Company shall pay Manager an oversight fee equal to 1% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company Owner contracts directly with a non-affiliated third-party property manager in manager, with respect of to a particular Property, Company or a particular Property is self-managed by a tenant, Owner shall pay Manager an oversight fee equal to 1% of the Effective Gross Revenues gross monthly income of the Property managedmanaged (an “Oversight Fee”). In no event will the Company Owner pay both a property management fee Property Management Fee and an oversight fee Oversight Fee to Manager with respect to any a particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company contracts directly with a third-party property manager in with respect of to a Property, Company shall pay Manager an oversight fee equal to 1% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company contracts directly with a third-third- party property manager in respect of a Property, Company shall pay Manager an oversight fee equal to 1% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company contracts directly with a third-party property manager in with respect of to a Property, Company shall pay Manager an oversight fee equal to 1% I% of the Effective Gross Revenues of the Property managed. In no event will the Company pay both a property management fee and an oversight fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the Property.

Oversight Fee. In the event that Company Owner contracts directly with a third-party property manager not affiliated with the Manager in respect of a PropertyProject for which the Owner, Company in its sole discretion, has the ability to appoint or hire the Manager, Owner shall pay Manager an a monthly oversight fee (“Oversight Fee”) equal to 1% the greater of the Effective (i) one-half of one percent (0.50%) of Gross Revenues of the Property managedsuch Project or (ii) $1,500. In no event will the Company Owner pay both a property management fee Management Fee and an oversight fee Oversight Fee to Manager with respect to any particular property. The foregoing fee shall be payable only from net cash flow from the Property after payment of all sums then due to the holder of the mortgage on the PropertyProject.