Common use of Acquisition Commission Clause in Contracts

Acquisition Commission. For supervising the acquisition, purchase or long term lease of Real Property for the Company, the Advisor is to receive an Acquisition Commission equal to the lesser of (i) up to 1% of the cost of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property. The aggregate of each purchase price of each property (including the Acquisition Commissions and all real estate brokerage fees) may not exceed such property's Appraised Value at acquisition.

Appears in 5 contracts

Samples: Advisory Agreement (Income Opportunity Realty Investors Inc /Tx/), Advisory Agreement (Transcontinental Realty Investors Inc), Advisory Agreement (Income Opportunity Realty Investors Inc /Tx/)

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Acquisition Commission. For supervising the acquisition, purchase or long term lease of Real Property for the Company, the Advisor is to receive an Acquisition Commission equal to the lesser of (i) up to 1% of the cost of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm'sarm’s-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property. The aggregate of each purchase price of each property (including the Acquisition Commissions and all real estate brokerage fees) may not exceed such property's ’s Appraised Value at acquisition.

Appears in 5 contracts

Samples: Advisory Agreement (Transcontinental Realty Investors Inc), Advisory Agreement (Income Opportunity Realty Investors Inc /Tx/), Advisory Agreement (American Realty Investors Inc)

Acquisition Commission. For supervising the acquisition, purchase or long term lease of Real Property for the CompanyTrust, the Advisor is to receive an Acquisition Commission equal to the lesser of (i) up to 1% of the cost of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property. The aggregate of each purchase price of each property (including the Acquisition Commissions and all real estate brokerage fees) may not exceed such property's Appraised Value at acquisition.

Appears in 1 contract

Samples: Advisory Agreement (Continental Mortgage & Equity Trust)

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Acquisition Commission. For supervising the acquisition, purchase or ---------------------- long term lease of Real Property for the Company, the Advisor is to receive an Acquisition Commission equal to the lesser of (i) up to 1% of the cost of acquisition, inclusive of commissions, if any, paid to nonaffiliated brokers; or (ii) the compensation customarily charged in arm's-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property. The aggregate of each purchase price of each property (including the Acquisition Commissions and all real estate brokerage fees) may not exceed such property's Appraised Value at acquisition.

Appears in 1 contract

Samples: Advisory Agreement (Income Opportunity Realty Investors Inc /Tx/)

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