REASONABLE BONA FIDE DUE DILIGENCE EXPENSES. The Company or the Advisor shall reimburse the Dealer Manager or any Soliciting Dealer for reasonable bona fide due diligence expenses incurred by the Dealer Manager or any Soliciting Dealer; provided that reimbursement of such bona fide due diligence expenses shall not exceed 0.5% of the gross proceeds from the Primary Offering. The Company shall only reimburse the Dealer Manager or any Soliciting Dealer for such approved bona fide due diligence expenses to the extent such expenses have actually been incurred and are supported by detailed and itemized invoice(s) provided to the Company and permitted pursuant to the rules and regulations of FINRA.
Appears in 5 contracts
Samples: Exclusive Dealer Manager Agreement (Grubb & Ellis Apartment REIT, Inc.), Escrow Agreement (American Realty Capital - Retail Centers of America, Inc.), Escrow Agreement (American Realty Capital Trust II, Inc.)
