Annual Fee has the meaning stated in Section 4.02(a).
Hire Fee the hire fee specified in Item 13.
L/C Fee has the meaning specified in Section 2.03(i).
Placement Fee has the meaning given thereto in Section 2(a) hereof;
Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.