Common use of REASONABLE BONA FIDE DUE DILIGENCE EXPENSES Clause in Contracts

REASONABLE BONA FIDE DUE DILIGENCE EXPENSES. In addition to any payments to the Dealer Manager pursuant to Section 4, the Company may reimburse the Dealer Manager or any Soliciting Dealer for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Soliciting Dealer to the extent permitted pursuant to the rules and regulations of FINRA. The reimbursable due diligence expenses include expenses for travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or Soliciting Dealers and their respective personnel when visiting the Company’s offices or properties to verify information relating to the Company and its properties. In no event may the Company reimburse if that would cause the aggregate of all of the Company’s expenses described in Section 4(h) and compensation paid to the Dealer Manager and any Soliciting Dealer pursuant to Section 4 to exceed fifteen percent (15%) of the gross proceeds from the sale of the Shares. Also, the Company shall only reimburse the Dealer Manager or any Soliciting Dealer for approved bona fide due diligence expenses to the extent the expenses have actually been incurred and are supported by detailed and itemized invoice(s) provided to the Company.

REASONABLE BONA FIDE DUE DILIGENCE EXPENSES. In addition to any payments to the Dealer Manager pursuant to Section 4, the Company may reimburse the Dealer Manager or any Soliciting Dealer for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Soliciting Dealer to the extent permitted pursuant to the rules and regulations of FINRA. The reimbursable due diligence expenses include expenses for travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or Soliciting Dealers and their respective personnel when visiting the Company’s offices or properties to verify information relating to the Company and its properties. In no event may the Company reimburse if that would cause the aggregate of all of the Company’s expenses described in Section 4(h4(i) and compensation paid to the Dealer Manager and any Soliciting Dealer pursuant to Section 4 to exceed fifteen percent (15%) of the gross proceeds from the sale of the Shares. Also, the Company shall only reimburse the Dealer Manager or any Soliciting Dealer for approved bona fide due diligence expenses to the extent the expenses have actually been incurred and are supported by detailed and itemized invoice(s) provided to the Company.

REASONABLE BONA FIDE DUE DILIGENCE EXPENSES. In addition to any payments to the Dealer Manager pursuant to Section 4, the Company may reimburse the Dealer Manager or any Soliciting Dealer for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Soliciting Dealer to the extent permitted pursuant to the rules and regulations of FINRA. The reimbursable due diligence expenses include expenses for travel, lodging, meals and other reasonable out-of-pocket expenses incurred by the Dealer Manager or Soliciting Dealers and their respective personnel when visiting the Company’s offices or properties to verify information relating to the Company and its properties. In no event may the Company reimburse if that would cause the aggregate of all of the Company’s expenses described in Section 4(h4(g) and compensation paid to the Dealer Manager and any Soliciting Dealer pursuant to Section 4 to exceed fifteen percent (15%) of the gross proceeds from the sale of the Shares. Also, the Company shall only reimburse the Dealer Manager or any Soliciting Dealer for approved bona fide due diligence expenses to the extent the expenses have actually been incurred and are supported by detailed and itemized invoice(s) provided to the Company.