Origination Fees. As compensation for the investigation, selection, sourcing and acquisition or origination of Real Estate Related Loans, the Company shall pay an Origination Fee to the Advisor for each such acquisition or origination equal to 1.5% of (i) the amount funded by the Company to originate the Real Estate Related Loan or (ii) the purchase price of any Real Estate Related Loan that the Company acquires. The Company will not pay an Acquisition Fee with respect to any such Real Estate Related Loan. The Company will not pay an Origination Fee to the Advisor with respect to any transaction pursuant to which the Company is required to pay the Advisor an Acquisition Fee. Notwithstanding anything herein to the contrary, the payment of Origination Fees by the Company shall be subject to the limitations on Acquisition Fees contained in the Company’s Articles of Incorporation. The Advisor shall submit an invoice to the Company following the closing or closings of each Real Estate Related Loan, accompanied by a computation of the Origination Fee. The Company shall pay the Origination Fee to the Advisor promptly following receipt of the invoice.
Appears in 3 contracts
Samples: Advisory Agreement (Bluerock Enhanced Multifamily REIT, Inc.), Advisory Agreement (Bluerock Enhanced Multifamily REIT, Inc.), Advisory Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Origination Fees. As compensation for the investigation, selection, sourcing and acquisition or origination of Real Estate Related Loans, the Company shall pay an Origination Fee to the Advisor for each such acquisition or origination equal to 1.52.5% of (i) the amount funded by the Company to acquire or originate the Real Estate Related Loan Loan, including any Acquisition Expenses related to such investment and any debt used to fund the acquisition or (ii) origination of the purchase price of any Real Estate Related Loan that the Company acquires. The Company will not pay an Acquisition Fee with respect to any such Real Estate Related Loan. The Company will not pay an Origination Fee to the Advisor with respect to any transaction pursuant to which the Company is required to pay the Advisor an Acquisition Fee. Notwithstanding anything herein to the contrary, the payment of Origination Fees by the Company shall be subject to the limitations on Acquisition Fees contained in the Company’s Articles of Incorporation. The Advisor shall submit an invoice to the Company following the closing or closings of each Real Estate Related Loan, accompanied by a computation of the Origination Fee. The Company shall pay the Origination Fee to the Advisor promptly following receipt of the invoice.
Appears in 3 contracts
Samples: Advisory Agreement (TNP Strategic Retail Trust, Inc.), Advisory Agreement (TNP Strategic Retail Trust, Inc.), Advisory Agreement (TNP Strategic Retail Trust, Inc.)
Origination Fees. As compensation for the investigation, selection, sourcing and acquisition or origination of Real Estate Related Loans, the Company shall pay an Origination Fee to the Advisor for each such acquisition or origination equal to 1.52.5% of (i) the amount funded by the Company to acquire or originate the Real Estate Related Loan Loan, including any Acquisition Expenses related to such investment and any debt used to fund the acquisition or (ii) origination of the purchase price of any Real Estate Related Loan that the Company acquires. The Company will not pay an Acquisition Fee with respect to any such Real Estate Related Loan. The Company will not pay an Origination Fee to the Advisor with respect to any transaction pursuant to which the Company is required to pay the Advisor an Acquisition Fee. Notwithstanding anything herein to the contrary, the payment of Origination Fees by the Company shall be subject to the limitations on Acquisition Fees contained in the Company’s Articles of Incorporation. The Advisor shall submit an invoice to the Company following the closing or closings of each Real Estate Related Loan, accompanied by a computation of the Origination Fee. The Company shall pay the Origination Fee to the Advisor promptly following receipt of the invoice. [Notwithstanding the foregoing, the Advisor will not receive an Origination Fee for any Investments the Company acquires from one of its Affiliates.]
Appears in 2 contracts
Samples: Advisory Agreement (TNP Strategic Retail Trust, Inc.), Advisory Agreement (TNP Strategic Retail Trust, Inc.)
