Common use of Expense Allowances Clause in Contracts

Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, Cottonwood Management will pay the Managing Broker-Dealer for sales of the Shares, 1.25% of the Total Sales as a non-accountable marketing and due diligence allowance which the Managing Broker-Dealer may re-allow, in whole or in part, to the Selling Group Members. Cottonwood Management will also pay the Managing Broker-Dealer 1.25% of the purchase price of the Shares sold to any registered investment advisors as a non-accountable marketing and due diligence allowance.

Appears in 5 contracts

Samples: www.sec.gov, Cottonwood Multifamily Reit Ii, Inc., Cottonwood Multifamily Reit Ii, Inc.

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Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, Cottonwood Management will pay the Managing Broker-Dealer for sales of the Shares, 1.251% of the Total Sales as a non-accountable marketing and due diligence allowance which the Managing Broker-Dealer may re-allow, in whole or in part, to the Selling Group Members. Cottonwood Management will also pay the Managing Broker-Dealer 1.250.25% of the purchase price of Total Sales for marketing expenses as agreed to by the Shares sold to any registered investment advisors as a nonManaging Broker-accountable marketing Dealer and due diligence allowancethe Company.

Appears in 2 contracts

Samples: Broker Dealer Agreement (Cottonwood Multifamily Opportunity Fund, Inc.), Dealer Agreement (Cottonwood Multifamily Development REIT I, Inc.)

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