Common use of Relative Benefits Clause in Contracts

Relative Benefits. The relative benefits received by the Company, the Dealer Manager and the Soliciting Dealer, respectively, in connection with the proceeds received in the Offering pursuant to this Agreement and the relevant Soliciting Dealer Agreement shall be deemed to be in the same respective proportion as the total net proceeds from the Offering pursuant to this Agreement and the relevant Soliciting Dealer Agreement (before deducting expenses), received by the Company, the total Dealer Manager Fees received by the Dealer Manager, and the total selling commissions and additional compensation, other than the Dealer Manager Fee, received by the Soliciting Dealers, bear to the aggregate offering price of the Units sold in the Offering as set forth on such cover. In the event that the Dealer Manager receives actual selling commissions and additional compensation in addition to the Dealer Manager Fee, then the relative benefits received by the Dealer Manager shall be calculated so as to include the actual selling commissions and additional compensation as well as the Dealer Manager Fees received by the Dealer Manager.

Appears in 2 contracts

Sources: Dealer Manager Agreement, Dealer Manager Agreement (GWG Life, LLC)