Residential Assets definition
Examples of Residential Assets in a sentence
As compensation for the investigation, selection, sourcing and acquisition or origination (by purchase, investment or exchange) of Residential Assets and other Permitted Investments, the Company shall pay the Advisor an Acquisition Fee for each such investment equal to 1.0% of the Cost of Residential Assets for any given transaction.
Subject to Section 2.1(b), Newcastle and New Residential agree to take all actions necessary so that, immediately prior to the Effective Time, (i) the New Residential Group will own, to the extent it does not already own, all of the New Residential Assets and none of the Newcastle Assets, and (ii) the New Residential Group will assume, to the extent it is not already liable for, all New Residential Liabilities.
As compensation for the services described in Section 3.03 the Company shall pay the Advisor an asset management fee equal to 0.25% quarterly (1% annually) on the most recent aggregate value of the Partnership’s Residential Assets and other Permitted Investments, as determined in accordance with the valuation guidelines approved by the POSOR Board of Directors (adjusted to reflect any subsequent purchases or sales of portfolio assets based on the purchase or sale 12 CLOSED\1607203150.4 prices).
As used herein, the term "Borrowing Base" shall mean the sum of (i) the Residential Assets Borrowing Base (as described in SECTION 3.5(c) below), (ii) the Commercial Assets Borrowing Base (as described in SECTION 3.5(d) below), and (iii) the Kunia and ▇▇▇▇▇'▇ Pointe Borrowing Base (as described in SECTION 3.5(e) below).
As compensation for the services described in Section 3.03 the Company shall pay the Advisor an asset management fee equal to 0.25% quarterly (1% annually) on the most recent aggregate value of the Partnership’s Residential Assets and other Permitted Investments, as determined in accordance with the valuation guidelines approved by the POSOR Board of Directors (adjusted to reflect any subsequent purchases or sales of portfolio assets based on the purchase or sale 12 prices).
All Unitholders are eligible to participate in the Distribution Reinvestment Plan subject to the restrictions on Overseas Unitholders (as defined below), as more particularly described in Paragraph 4.4 below and except for such other Unitholders or class of Unitholders as Japan Residential Assets Manager Limited, the manager of Saizen REIT (the “Manager”), may in its discretion decide.