Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.
Appears in 21 contracts
Samples: Advisory Agreement (KBS Real Estate Investment Trust II, Inc.), Advisory Agreement (KBS Real Estate Investment Trust II, Inc.), Advisory Agreement (KBS Real Estate Investment Trust II, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.751.0% of the sum higher of the Cost of Real Estate Investments and or the Cost Independently Appraised Value of Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Generally, the Asset Management Fee payable to the Advisor shall be payable paid on the last day of such month, or the first business day following the last day of such month. The However, the Asset Management Fee may or may not be taken, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period fiscal year shall be deferred without interest and may be paid in such other fiscal period year as the Advisor shall determine.
Appears in 8 contracts
Samples: Advisory Agreement (Resource Real Estate Opportunity REIT II, Inc.), Advisory Agreement (Resource Real Estate Opportunity REIT II, Inc.), Advisory Agreement (Resource Real Estate Opportunity REIT II, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.751.0% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.
Appears in 7 contracts
Samples: Advisory Agreement (KBS Growth & Income REIT, Inc.), Advisory Agreement (KBS Growth & Income REIT, Inc.), Advisory Agreement (KBS Growth & Income REIT, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.751.6% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.
Appears in 6 contracts
Samples: Advisory Agreement (KBS Growth & Income REIT, Inc.), Advisory Agreement (KBS Growth & Income REIT, Inc.), Advisory Agreement (KBS Growth & Income REIT, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 Article 3 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost outstanding principal amount of the Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees Fee not taken as to any period fiscal year shall be deferred without interest and may be paid taken in such other fiscal period year as the Advisor shall determine.
Appears in 3 contracts
Samples: Advisory Agreement (KBS Real Estate Investment Trust, Inc.), Advisory Agreement (KBS Real Estate Investment Trust, Inc.), Advisory Agreement (KBS Real Estate Investment Trust, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost outstanding principal amount of the Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees Fee not taken as to any period fiscal year shall be deferred without interest and may be paid in such other fiscal period year as the Advisor shall determine.
Appears in 2 contracts
Samples: Advisory Agreement (KBS Real Estate Investment Trust II, Inc.), Advisory Agreement (KBS Real Estate Investment Trust II, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 3 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.750.50% of the sum of the Cost of Real Estate Investments and the Cost outstanding principal amount of the Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees Fee not taken as to any period fiscal year shall be deferred without interest and may be paid taken in such other fiscal period year as the Advisor shall determine.
Appears in 2 contracts
Samples: Advisory Agreement (Institutional REIT, Inc.), Advisory Agreement (Institutional REIT, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii8.01(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “"Asset Management Fee”") in an amount equal to one-twelfth of 0.751.0% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.
Appears in 2 contracts
Samples: Advisory Agreement (Plymouth Opportunity REIT Inc.), Advisory Agreement (Plymouth Opportunity REIT Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost outstanding principal amount of the Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be takenforegone, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken Fee foregone as to any period fiscal year shall be deferred without interest and may be paid in such other fiscal period year as the Advisor shall determine.
Appears in 1 contract
Samples: Advisory Agreement (KBS Real Estate Investment Trust II, Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii8.01(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.751.0% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.
Appears in 1 contract
Samples: Advisory Agreement (Plymouth Opportunity REIT Inc.)
Asset Management Fees. (i) Except as provided in Section 8.03(ii) hereof, the The Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost outstanding principal amount of the Loans and other Permitted Investments, as of the end of the preceding month. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not Fee taken as to any period fiscal year shall be deferred without interest and may be paid in such other fiscal period year as the Advisor shall determine.
Appears in 1 contract
Samples: Advisory Agreement (KBS Real Estate Investment Trust II, Inc.)