Asset Acquisition Fee definition
Examples of Asset Acquisition Fee in a sentence
The Asset Acquisition Fee and Asset Disposition Fee shall be based on the purchase price of the asset in question and shall be payable at the closing of the acquisition or disposition of each Fund Asset, as the case may be, or at such later time, in arrears, as the Manager may determine in its sole discretion.
In addition, the Manager or its affiliate shall be entitled to a one percent (1%) Asset Acquisition Fee and a one percent (1%) Asset Disposition Fee on each and every Fund Asset.
In the event such assets are acquired in a joint venture in which the Company or the Operating Partnership is a member or partner, directly or indirectly, the Asset Acquisition Fee shall be an amount equal to 1.0% of the purchase price of the property acquired by such joint venture, subject to the provisions set forth below.
For its services in identifying and evaluating acquisitions, Sponsor Partner (or an Affiliate of Sponsor Partner designated by Sponsor Partner) shall receive an Asset Acquisition Fee from the Partnership in connection with the acquisition of any Property from a third party (i.e., from a Person other than either Partner or any Affiliate of either Partner) in accordance with an Additional Portfolio Investment Agreement, which fee shall be payable only upon the completion of closing on such acquisition.
With respect to each U.S. Patent Asset Family for which Licensee pays Licensor the U.S. Patent Asset Acquisition Fee, Licensor will, and hereby does effective upon receipt of such payment, assign to Licensee all of Licensor’s right, title, and interest in and to such U.S. Patent Asset Family, and, effective upon the date of such assignment, such U.S. Patent Asset Family shall cease to be Licensed IPA and shall be deemed a “Rani Patent Asset”.
Sponsor Partner shall not receive an Asset Acquisition Fee in connection with (a) the Initial Portfolio, or (b) any acquisition from either Partner or any Affiliate of either Partner.
The Asset Acquisition Fee represents compensation to Manager for advising and assisting the Operating Partnership with respect to any acquisition of a Property (an “Acquisition”).