Property Acquisition Fee definition

Property Acquisition Fee means the fee paid to the General Partner or its Affiliates for identifying, evaluating and selecting the Properties, as described in the Prospectus.
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Property Acquisition Fee shall have the meaning as set out in Clause 9.1.1.
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Property Acquisition Fee means the fee paid to the General Partner or its Affiliates for identifying, evaluating and selecting the Properties, as described in the Prospectus. "Prospectus" means the Partnership's Prospectus contained in the Registration Statement filed on Form S-11 with the Securities and Exchange Commission for the registration of the Units under the Securities Act of 1933, in the final form in which it is filed with the Securities and Exchange Commission and as thereafter supplemented pursuant to Rule 424 under the Securities Act of 1933. Any reference herein to "date of the Prospectus" shall be deemed to refer to the date of the Prospectus in the form filed pursuant to Rule 424(b) of the Securities Act of 1933. "Sale" means any transaction entered into by the Partnership resulting in the receipt of cash or other consideration (other than the receipt of Capital Contributions) not in the ordinary course of its business, including, without limitation, sales or exchanges or other dispositions of Properties and real or personal property of the Partnership, condemnations, recoveries of damage awards and insurance proceeds (other than business or rental interruption insurance proceeds), but excepting any Financing. "Schedule" means Schedule A annexed hereto as amended from time to time and as so amended at the time of reference thereto. "Selling Agent" means Alex. Brown Realty Securitie▇, Inc., an Affiliate of the General Partner, which will offer the Units on a best efforts basis pursuant to the Selling Agent Agreement. "Selling Agent Agreement" means that certain agreement to be entered into by the Partnership, Alex. Brown Realty Securities. Inc., and the General ▇▇▇▇ner, pursuant to which Alex. Brown Realty Securities, Inc. will offer and sell ▇▇▇ Units on a best efforts basis. "Selling Commissions" means the maximum total (or any portion thereof) of 7% of the Gross Proceeds of the Offering paid to the Selling Agent or Soliciting Dealers for their efforts in offering the Units. The 7% maximum Selling Commissions will be reduced for volume purchases and purchases by certain Affiliates as specified in the Prospectus. "Sponsor" means any Person directly or indirectly instrumental in organizing, wholly or in part, the Partnership or who will manage or participate in the management of the Partnership, and any Affiliate of such Person, but does not include (a) any Person whose only relationship with the Partnership or the General Partner is that of an independent property...
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Examples of Property Acquisition Fee in a sentence

  • The Property Acquisition Fee with respect to an acquisition of a Real Estate Asset or making of a Mezzanine Investment will be payable at the time of the closing of the acquisition of such Real Estate Asset or making of such Mezzanine Investment by the Company.

  • The General Partner or its Affiliates shall receive a Property Acquisition Fee equal to 1.75% of the Purchase Price of each Property.

  • Assignor and Landlord agree to sign Estoppel Certificates in the form of Exhibit III prior to Assignee making payment of the Property Acquisition Fee payments.

  • The Property Acquisition Fee shall be paid to Shurgard by the Company at the acquisition by the Company of the concerned Property.

  • As a fee for the services performed by Manager in acquiring the Property, Owner agrees to pay Manager, a fee (the “Property Acquisition Fee”) in an amount equal to One Million Five Hundred Sixty Thousand Dollars ($1,560,000) payable on the closing of the acquisition of the Property (it being understood that no such Property Acquisition Fee shall be payable by Owner to Manager unless and until the closing of the acquisition of the Property has occurred).

  • The Advisor hereby waives any Property Acquisition Fee or Administrative Fee to which it may be entitled under Section 7 of the Agreement with respect to the Note and Loan Agreement.

  • Gross Receipts is intended to reflect a net income concept, after deduction of expenses (e.g., amounts reimbursed to Manager pursuant to Section 5.04, and any other amounts paid to suppliers or subcontractors from funds of the Owner) paid in connection with the ownership and operation of the Property (other than the Property Acquisition Fee pursuant to Section 5.03 or the asset management fee pursuant to Section 5.01).

  • At the acquisition of a Property by the Company either through contribution or sale, Shurgard shall be reimbursed, through Shares in the Company or in cash for the Direct Development Costs, it incurred on such Property prior to such acquisition, plus interest at 10% per annum from the date such Direct Development Costs were incurred by Shurgard until the acquisition of this Property by the Company ("Property Acquisition Fee").


More Definitions of Property Acquisition Fee

Property Acquisition Fee means the fee payable to the General Partner or its Affiliates under Section 9.06(d) in an amount equal to 1.75% of the Purchase Price of each Property.
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