Common use of Affiliate Acquisition Fees Clause in Contracts

Affiliate Acquisition Fees. The General Partners may be paid an Affiliate Acquisition Fee as defined and in the amount stated in Section l.04(a-2), and as such services are substantially rendered by the General Partners. Acquisition Fees paid (including, but not limited to, Affiliate Acquisition Fees paid to the General Partners and any commissions to non- affiliated brokers) shall not exceed the lesser of the compensation customarily charged in arms-length transactions by others rendering similar services as an ongoing public activity in the same geographical location and for comparable property, or an amount equal to 7% of the initial capital contributions (less any uninvested funds returned to Limited Partners pursuant to Section 3.05 relating to funds not invested within two years) of Limited Partners applicable to the property which is the subject of the transaction (adjusted to include a pro-rata amount of any selling expenses). Notwithstanding any other provisions in this agreement, the General Partners may not be reimbursed for their travel, communication, and miscellaneous expenses in connection with the rendering of acquisition services.

Affiliate Acquisition Fees. The General Partners may be paid an Affiliate Acquisition Fee as defined and in the amount stated in Section l.04(a-21.04 (a-2); provided, and as such services are substantially rendered by the General Partners. however, that Acquisition Fees paid in connection with the purchase and development of Partnership properties (including, but not limited to, Affiliate Acquisition Fees paid to the General Partners and any commissions to non- non-affiliated brokers) shall not exceed the lesser of the compensation customarily charged in arms-length transactions by others rendering similar services as an ongoing public activity in the same geographical location and for comparable property, or an amount equal to 79% of the initial capital contributions (less any uninvested funds returned to Limited Partners pursuant to Section 3.05 relating to funds not invested within two years) of Limited Partners applicable to the property which is the subject of the transaction (adjusted to include a pro-rata amount of any selling expenses). Notwithstanding any other provisions in this agreement, the General Partners may not be reimbursed for their travel, communication, and miscellaneous expenses in connection with the rendering of acquisition services.

Affiliate Acquisition Fees. The General Partners may be paid an Affiliate Acquisition Fee as defined and in the amount stated in Section l.04(a-21.04 (a-2); provided, and as such services are substantially rendered by the General Partners. however, that Acquisition Fees paid in connection with the purchase and development of Partnership properties (including, but not limited to, Affiliate Acquisition Fees paid to the General Partners and any commissions to non- non-affiliated brokers) shall not exceed the lesser of the compensation customarily charged in arms-length transactions by others rendering similar services as an ongoing public activity in the same geographical location and for comparable property, or an amount equal to 78% of the initial capital contributions (less any uninvested funds returned to Limited Partners pursuant to Section 3.05 relating to funds not invested within two years) of Limited Partners applicable to the property which is the subject of the transaction (adjusted to include a pro-rata amount of any selling expenses). Notwithstanding any other provisions in this agreement, the General Partners may not be reimbursed for their travel, communication, and miscellaneous expenses in connection with the rendering of acquisition services.

Affiliate Acquisition Fees. The General Partners may be paid an Affiliate Acquisition Fee as defined and in the amount stated in Section l.04(a-2); provided, and as such services are substantially rendered by the General Partners. however, that Acquisition Fees paid in connection with the purchase of Partnership properties (including, but not limited to, Affiliate Acquisition Fees paid to the General Partners and any commissions to non- non-affiliated brokers) shall not exceed the lesser of the compensation customarily charged in arms-length transactions by others rendering similar services as an ongoing public activity in the same geographical location and for comparable property, or an amount equal to 7% of the initial capital contributions (less any uninvested funds returned to Limited Partners pursuant to Section 3.05 relating to funds not invested within two years) of Limited Partners applicable to the property which is the subject of the transaction (adjusted to include a pro-rata amount of any selling expenses). Notwithstanding any other provisions in this agreement, the General Partners may not be reimbursed for their travel, communication, and miscellaneous expenses in connection with the rendering of acquisition services.