Common use of Asset Management Fees Clause in Contracts

Asset Management Fees. (i) Except as provided in Section 8.02(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. Generally, the Asset Management Fee payable to the Advisor shall be paid on the last day of such month, or the first business day following the last day of such month. However, the Asset Management Fee may or may not be taken, in whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any fiscal year shall be deferred without interest and may be paid in such other fiscal year as the Advisor shall determine.

Appears in 9 contracts

Samples: Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)

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Asset Management Fees. (i) Except as provided in Section 8.02(iiSections 8.03(ii) and 8.03(iii) 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. Generally, the The Asset Management Fee payable to the Advisor shall be paid payable on the last day of such month, or the first business day following the last day of such month. However, the The Asset Management Fee may or may not be taken, in whole or in part, as to any year period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any fiscal year period shall be deferred without interest and may be paid in such other fiscal year period as the Advisor shall determine.

Appears in 8 contracts

Samples: Advisory Agreement (KBS Real Estate Investment Trust III, Inc.), Advisory Agreement (KBS Real Estate Investment Trust III, Inc.), Advisory Agreement (KBS Real Estate Investment Trust III, Inc.)

Asset Management Fees. (i) Except as provided in Section Sections 8.02(ii) and 8.02(iii) 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. Generally, the The Asset Management Fee payable to the Advisor shall be paid payable on the last day of such month, or the first business day following the last day of such month. However, the The Asset Management Fee may or may not be taken, in whole or in part, as to any year period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken paid as to any fiscal year period shall be deferred without interest and may be paid taken in such other fiscal year period as the Advisor shall determine.

Appears in 7 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 8.02(ii) hereof, 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. Generally, the The Asset Management Fee payable to the Advisor shall be paid payable on the last day of such month, or the first business day following the last day of such month. However, the The Asset Management Fee may or may not be taken, in whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees Fee not taken as to any fiscal year shall be deferred without interest and may be paid taken in such other fiscal year as the Advisor shall determine.

Appears in 2 contracts

Samples: Advisory Agreement (KBS Real Estate Investment Trust, Inc.), Advisory Agreement (KBS Real Estate Investment Trust, Inc.)

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Asset Management Fees. (i) Except as provided in Section 8.02(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 0.752.0% 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. Generally, the Asset Management Fee payable to the Advisor shall be paid on the last day of such month, or the first business day following the last day of such month. However, the Asset Management Fee may or may not be taken, in whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any fiscal year shall be deferred without interest and may be paid in such other fiscal year as the Advisor shall determine.

Appears in 1 contract

Samples: Advisory Agreement (KBS Strategic Opportunity REIT II, Inc.)

Asset Management Fees. (i) Except as provided in Section Sections 8.02(ii) and 8.02(iii) 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. Generally, the The Asset Management Fee payable to the Advisor shall be paid payable on the last day of such month, or the first business day following the last day of such month. However, the The Asset Management Fee may or may not be taken, in whole or in part, as to any year period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken paid as to any fiscal year period shall be deferred without interest and may be paid taken in such other fiscal year period as the Advisor shall determine.. EAST\126876847.2

Appears in 1 contract

Samples: Advisory Agreement (KBS Real Estate Investment Trust, Inc.)

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