Annual Subordinated Performance Fee. The Company shall pay the Advisor or its assigns an Annual Subordinated Performance Fee payable in any year equal to 15% of the amount that the Total Return to Stockholders exceeds 6% per annum, provided, that in no event may the Annual Subordinated Performance Fee exceed 10% of the aggregate Total Return to Stockholders for the applicable year.
Appears in 12 contracts
Samples: Advisory Agreement (American Realty Capital New York City REIT II, Inc.), Advisory Agreement (American Realty Capital New York City REIT II, Inc.), Advisory Agreement (American Realty Capital New York City REIT II, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor or its assigns an Annual Subordinated Performance Fee calculated on the basis of the total return to Stockholders, payable monthly in arrears in any year in which the Company’s total return on Stockholders’ capital contributions exceeds six percent (6%) per annum, in an amount equal to fifteen percent (15% %) of the amount that the Total Return to Stockholders exceeds 6% per annumexcess total return, provided, that in no event may the Annual Subordinated Performance Fee shall not exceed ten percent (10% %) of the aggregate Total Return to Stockholders total return for the applicable such year.
Appears in 6 contracts
Samples: Advisory Agreement (American Realty Capital Hospitality Trust, Inc.), Advisory Agreement (American Realty Capital Trust V, Inc.), Advisory Agreement (American Realty Capital Trust V, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor Advisor, its Affiliates or its assigns assignees an Annual Subordinated Performance Fee calculated on the basis of the total return to Stockholders, payable annually in arrears in any year in which the Company’s total return on Stockholders’ capital contributions exceeds six percent (6%) per annum, in an amount equal to fifteen percent (15% %) of the amount that the Total Return to Stockholders exceeds 6% per annumexcess total return, provided, that in no event may the Annual Subordinated Performance Fee shall not exceed ten percent (10% %) of the aggregate Total Return to Stockholders total return for the applicable such year. The Annual Subordinated Performance Fee may only be paid from Net Sales Proceeds.
Appears in 5 contracts
Samples: Advisory Agreement (Phillips Edison Grocery Center Reit Ii, Inc.), Advisory Agreement (Phillips Edison Grocery Center Reit Ii, Inc.), Advisory Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor or its assigns an Annual Subordinated Performance Fee calculated on the basis of the Total Return to Stockholders, payable monthly in arrears in any year equal to 15% of in which the amount that the Company’s Total Return to Stockholders exceeds six percent (6% %) per annum, in an amount equal to fifteen percent (15%) of the excess Total Return to Stockholders, provided, that in no event may the Annual Subordinated Performance Fee shall not exceed ten percent (10% %) of the aggregate Total Return to Stockholders for the applicable such year.
Appears in 5 contracts
Samples: Advisory Agreement (American Realty Capital New York City REIT, Inc.), Advisory Agreement (American Realty Capital New York City REIT, Inc.), Advisory Agreement (American Realty Capital Hospitality Trust, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor Advisor, its Affiliates or its assigns assignees an Annual Subordinated Performance Fee calculated on the basis of the total return to Stockholders, payable monthly in arrears in any year in which the Company’s total return on Stockholders’ capital contributions exceeds six percent (6%) per annum, in an amount equal to fifteen percent (15% %) of the amount that the Total Return to Stockholders exceeds 6% per annumexcess total return, provided, that in no event may the Annual Subordinated Performance Fee shall not exceed ten percent (10% %) of the aggregate Total Return to Stockholders total return for the applicable such year. The Annual Subordinated Performance Fee may only be paid from Net Sales Proceeds.
Appears in 1 contract
Samples: Advisory Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor or its assigns an Annual Subordinated Performance Fee calculated on the basis of the total return to Stockholders, payable monthly in arrears in any year equal to 15% of in which the amount that the Total Return to Stockholders Company’s total return on Stockholders’ capital contributions exceeds six percent (6% %) per annum, providedin an amount equal to fifteen percent (15%) of the excess total return, provided that in no event may the Annual Subordinated Performance Fee shall not exceed ten percent (10% %) of the aggregate Total Return to Stockholders total return for the applicable such year.
Appears in 1 contract
Samples: Advisory Agreement (American Realty Capital Healthcare Trust II, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor or its assigns an Annual Subordinated Performance Fee to the Advisor calculated on the basis of the total return to Stockholders, payable monthly in arrears in any year equal to in which the Company’s total return on Stockholders’ capital contributions exceeds six percent (6%) per annum. In such year, the Advisor will be paid fifteen percent (15% %) of the amount that the Total Return excess total return, not to Stockholders exceeds 6% per annum, provided, that in no event may the Annual Subordinated Performance Fee exceed ten percent (10% %) of the aggregate Total Return to Stockholders total return for the applicable such year.
Appears in 1 contract
Samples: Advisory Agreement (American Realty Capital Trust II, Inc.)
Annual Subordinated Performance Fee. The Company shall may pay the Advisor Advisor, its Affiliates or its assigns assignees an Annual Subordinated Performance Fee calculated on the basis of the total return to Stockholders, payable annually in arrears in any year in which the Company’s total return on Stockholders’ capital contributions exceeds six percent (6%) per annum, in an amount equal to 1512.75% of the amount that the Total Return to Stockholders exceeds 6% per annumexcess total return, provided, that in no event may the Annual Subordinated Performance Fee shall not exceed 108.5% of the aggregate Total Return to Stockholders total return for the applicable such year. The Annual Subordinated Performance Fee may only be paid from Net Sales Proceeds.
Appears in 1 contract
Samples: Advisory Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)