Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 12 contracts
Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining from Sales of Assets of the Company payable after the Stockholders have received Distributions equal to or greater than the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 6 contracts
Samples: Advisory Agreement (CNL Income Properties Inc), Advisory Agreement (CNL Income Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of (i) the Stockholders’ ' 8% Return Return, and (ii) 100% of Invested CapitalCapital plus Distributions attributable to Net Sales Proceeds. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 6 contracts
Samples: Transition Services Agreement (Wells Real Estate Investment Trust Ii Inc), Transition Services Agreement (Columbia Property Trust, Inc.), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested CapitalCapital (this sum is the “Subordinated Share of Net Sale Proceeds Threshold”). Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 5 contracts
Samples: Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ ' 8% Return and 100% of Invested CapitalCapital (this sum is the “Subordinated Share of Net Sale Proceeds Threshold”). Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 3 contracts
Samples: Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc), Advisory Agreement (Wells Core Office Income Reit Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested CapitalCapital plus Distributions attributable to Net Sales Proceeds. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 3 contracts
Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ ' 8% Return and 100% of Invested CapitalCapital plus Distributions attributable to Net Sales Proceeds. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 2 contracts
Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015.0% of Net Sales Proceeds remaining after the Stockholders have received Distributions Dividends equal to the sum of the Stockholders’ 88.0% Return and 100% of Invested Capital. Following ListingThe Company shall have the option to pay such fee in the form of cash, no Subordinated Share Shares, a promissory note, or any combination of Net Sales Proceeds will be paid to the Advisorforegoing, or any combination of the foregoing.
Appears in 2 contracts
Samples: Advisory Agreement (Cole Credit Property Trust III, Inc.), Advisory Agreement (Cole Credit Property Trust III, Inc.)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining from Sales of assets of the Company after the Stockholders have received Distributions equal to the sum of the Stockholders’ ' 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 2 contracts
Samples: Advisory Agreement (CNL Retirement Properties Inc), Advisory Agreement (CNL Retirement Properties Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 108.0% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.of:
Appears in 2 contracts
Samples: Advisory Agreement (Institutional REIT, Inc.), Advisory Agreement (Institutional REIT, Inc.)
Subordinated Share of Net Sales Proceeds. The Company will pay to the Advisor the Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining from Sales of one or more Properties of the Company, but only after the Stockholders Shareholders have received Distributions equal to the sum of the Stockholders’ Shareholders' 8% Return from inception through the applicable date, and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 2 contracts
Samples: Advisory Agreement (Wellbrook Properties, Inc.), Advisory Agreement (Wellbrook Properties, Inc.)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
Samples: Form of Advisory Agreement (Wells Real Estate Investment Trust Iii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining from Sales of Assets of the Company after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015% of Net Sales Proceeds remaining after the Stockholders Shareholders have received Distributions equal to the sum of the StockholdersShareholders’ 87% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
Samples: Advisory Agreement (Hartman Commercial Properties Reit)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Asset Advisor in an amount equal to 10% of Net Sales Proceeds remaining remaining, if any, after the Stockholders have received Distributions Dividends equal to the sum of the Stockholders’ 88.0% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Asset Advisor.
Appears in 1 contract
Samples: Asset Management Advisory Agreement (Wells Real Estate Investment Trust Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 86% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
Samples: Form of Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor or its Affiliates in an amount equal to 10% of Net Sales Proceeds remaining from Sales of Assets of the Company payable after the Stockholders have received Distributions equal to or greater than the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the AdvisorAdvisor or its Affiliates.
Appears in 1 contract
Samples: Advisory Agreement (CNL Hospitality Properties II, Inc.)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 1015.0% of Net Sales Proceeds remaining after the Stockholders have received Distributions Dividends equal to the sum of the Stockholders’ 87.0% Return and 100% of Invested Capital. Following ListingThe Company shall have the option to pay such fee in the form of cash, no Subordinated Share Shares, a promissory note, or any combination of Net Sales Proceeds will be paid to the Advisorforegoing, or any combination of the foregoing.
Appears in 1 contract
Samples: Advisory Agreement (Cole Retail Income Trust, Inc.)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions Dividends equal to the sum of the Stockholders’ 88.0% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
Samples: Advisory Agreement (Wells Real Estate Investment Trust Inc)
Subordinated Share of Net Sales Proceeds. The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to or greater than 10% of Net Sales Proceeds remaining from Sales of Assets of the Company after the Stockholders have received Distributions equal to the sum of the Stockholders’ ' 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.
Appears in 1 contract
