Disposition Fee definition

Disposition Fee shall have the meaning set forth in Section 8.03.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Disposition Fee means the fees payable to the Advisor pursuant to Section 8.03.

Disposition Fee means the fee paid to the Advisor in connection with the sale of a property as described in Section 9.3 of this Advisory Agreement.

Examples of Disposition Fee in a sentence

• For the avoidance of doubt, the Disposition Fee shall not be payable in the event the FMV Option is exercised.

• The Manager shall pay all sales commissions payable to any third-party broker in connection with such sale, such that the aggregate amount of the Disposition Fee plus the third-party brokerage commission does not exceed 3.0% of the gross sales price.

• The payment of the Disposition Fee shall be subordinate to the Financing Documents.

• In addition, he Manager shall receive a disposition fee from the Trust equal to 3.0% of the gross proceeds of any of the sale, exchange or other disposition of the Trust Estate (the “Disposition Fee”); provided, however, that the Disposition Fee will not be paid unless the aggregate gross sales price for the Trust Estate is greater than $[_____________].

• The Manager shall receive a disposition fee from the Trust equal to 3.0% of the gross proceeds of any of the sale, exchange or other disposition of the Trust Estate (the “Disposition Fee”); provided, however, that the Disposition Fee will not be paid unless the aggregate gross sales price for the Trust Estate is greater than $[_____________].

More Definitions of Disposition Fee

Disposition Fee means the fee payable to the Advisor under Section 4.6 hereof.

Disposition Fee means the fees payable to the Advisor pursuant to Section 9(c). Distributions mean any distributions of money or other property by the Company to Stockholders, including distributions that may constitute a return of capital for federal income tax purposes.

Disposition Fee means the Disposition Fee as defined in Section 9(d) of this Agreement.

Disposition Fee means the fee payable to the Advisor or any of its Affiliates pursuant to Section 10(c).

Disposition Fee means the fee that the Corporation shall pay, at the closing, to the Advisor or an Affiliate that provides a substantial amount of services (as determined by a majority of the Directors, including a majority of the Independent Directors). The Disposition Fee shall be equal to: (i) in the case of the sale of: (a) one-half of the Competitive Real Estate Commission paid up to 3% of the Contract Price or, if none is paid, the amount that customarily would be paid, or (b) 3% of the Contract Price of each Real Estate Asset sold, and (ii) in the case of the sale of any Real Estate Related Investments, 3% of the sales price of such Real Estate Related Investments. Any Disposition Fee payable under the Advisory Agreement may be paid in addition to real estate commissions paid to non-Affiliates, provided that the total real estate commissions (including such Disposition Fee) paid to all Persons by the Corporation for each Real Estate Asset, upon disposition thereof, shall not exceed an amount equal to the lesser of (1) 6% of the aggregate Contract Price of each Real Estate Asset or (2) the Competitive Real Estate Commission for each Real Estate Asset. The Corporation will pay the Disposition Fee for a property at the time the property is sold.

Disposition Fee. The Disposition Fee as defined in Section 9(d) hereof.

Disposition Fee means the aggregate amount of all fees and commissions paid by or on behalf of the Corporation Group in connection with the disposition of Properties by the Corporation Group, including without limitation any and all real estate commissions and fees of a similar nature but excluding fees paid to persons not affiliated with the Sponsor or Advisor.