Payment in Shares. In the event the Advisor, in its sole discretion, elects to be paid any of the fees set forth in this Article 8 in Class I Shares (in lieu of cash payment), the number of Class I Shares shall be equal to (A) the cash amount of such fee; divided by (B) either (i) the then-current offering price (or the most recent offering price if the Company is not engaged in the offering) of the Class I Shares net of dealer manager fees and selling commissions, or (ii) as of the date the Company publishes a NAV per share, the then-current NAV per share applicable to Class I Shares.
Appears in 8 contracts
Samples: Advisory Agreement (Rodin Income Trust, Inc.), Advisory Agreement (Rodin Income Trust, Inc.), Advisory Agreement (Rodin Global Property Trust, Inc.)
Payment in Shares. In the event the Advisor, in its sole discretion, elects to be paid any of the fees set forth in this Article 8 in Class I Shares (in lieu of cash payment), the number of Class I Shares shall be equal to (A) the cash amount of such fee; divided by (B) either (i) the then-then current offering price (or the most recent offering price if the Company is not engaged in the offering) of the Class I Shares net of dealer manager fees and selling commissions, or (ii) as of the date the Company publishes a NAV per share, the then-current NAV per share applicable to Class I Shares.
Appears in 2 contracts
Samples: Advisory Agreement (Rodin Global Property Trust, Inc.), Advisory Agreement (Rodin Global Property Trust, Inc.)
