Formation Expenses definition

Formation Expenses means all fees and out of pocket expenses incurred in connection with the formation of the Company, the Partnership and the General Partner and the consummation of the Initial Closing and any Subsequent Closings, including, without limitation, all expenses incurred in connection with the offer and sale of Limited Partnership interests and REIT Shares, but excluding any Placement Agent Fees.
Formation Expenses means fees and out of pocket expenses incurred in connection with the formation of the Partnership and the General Partner and the consummation of the Initial Closing and any Subsequent Closings, but not including any placement or underwriting fees, including, without limitation, the placement fees due to Banc of America Securities LLC.
Formation Expenses means, inter alia, legal fees, duties (including, without limitation, stamp duties), listingand regulators fees, registration and incorporation costs, printing and Listing Sponsor Costs;

Examples of Formation Expenses in a sentence

Formation Expenses of the Company and corresponding expenses relating to such vehicles shall be allocated among the Company and such vehicles in such manner as the Manager deems equitable.

Reimbursement shall be made, without interest, to the Manager beginning on the date of the Initial Offering for Formation Expenses incurred both before and after that date.

If the sum of the total unreimbursed amount of such Formation Expenses, plus new costs incurred since the last reimbursement payment, exceeds the reimbursement limit described above for the applicable monthly installment, the excess will be eligible for reimbursement in subsequent months (subject to the 0.50% limit), calculated on an accumulated basis, until the Manager has been reimbursed in full.

Formation Expenses of the Funds and/or Share classes Unless otherwise set out in Appendix A of this Prospectus, the Management Company will bear the formation expenses relating to the setting up of any Fund and/or class of Shares.

If the sum of the total unreimbursed amount of such Formation Expenses, plus new costs incurred since the last reimbursement payment, exceeds the reimbursement limit described above for the applicable quarterly installment, the excess will be eligible for reimbursement in subsequent quarters (subject to the 0.125% limit), calculated on an accumulated basis, until the Manager has been reimbursed in full.