Property Disposition Fee definition
Examples of Property Disposition Fee in a sentence
In connection with the Acquisition Fee, Property Disposition Fee, Asset Management Fee and Financing Coordination Fee, the Company shall pay such fees to the Advisor or its assignees in cash or in Shares, or a combination of both, the form of payment to be determined in the sole discretion of the Advisor.
In connection with the Acquisition Fee, Property Disposition Fee and Financing Coordination Fee, the Company shall pay such fees to the Advisor or its assignees in cash, in Shares, or a combination of both, the form of payment to be determined in the sole discretion of the Advisor.
In connection with a Sale of an Investment (except for such Investments that are traded on a national securities exchange) in which the Advisor or any Affiliate of the Advisor provides a substantial amount of services, as determined by the Independent Directors, the Company shall pay to the Advisor or its Affiliate a Property Disposition Fee equal to the lesser of (i) one-half of a Competitive Real Estate Commission or (ii) one percent (1.0%) of the Contract Sales Price of such Investment.
Payment of a Subordinated Performance Fee may be in addition to, and shall be calculated after provision for payment of, any Acquisition Fee or Property Disposition Fee paid or payable to the Advisor.
The Property Disposition Fee may be paid in addition to real estate commissions paid to non-Affiliates; provided, however, that the total real estate commissions paid to all Persons by the Company with respect to the Sale of such Property or Properties shall not exceed an amount equal to the lesser of (i) 6.0% of the Contract Sales Price of the Property or Properties or (ii) the Competitive Real Estate Commission.
Any Property Disposition Fee payable under this Section 10(c) may be paid in addition to commissions paid to non-Affiliates, provided that the total commissions (including such Property Disposition Fee) paid to all Persons by the Company for the Sale of each Investment shall not exceed six percent (6.0%) of the Contract Sales Price.
In connection with the Acquisition Fee, Property Disposition Fee and Financing Coordination Fee, the Company shall pay such fees to the Advisor or its assignees in cash or in Shares, or a combination of both, the form of payment to be determined in the sole discretion of the Advisor.
In the event that such disposition fees and expenses, including the Property Disposition Fee, exceed such limitation, the Property Disposition Fee shall be reduced by such excess amount.
The General Partner or an Affiliate shall receive a Property Disposition Fee of up to 4% of the gross sale price of any Property sold or otherwise disposed of by the Partnership if the Partnership’s ownership interest in the Property is a Tenant-in-Common Interest or a DST Interest and the Property is subject to a master lease under which the General Partner or an Affiliate serves as the master lessee.