COMPENSATION OF DEALER MANAGER. (a) As compensation for the services of the Dealer-Manager hereunder, the Fund will pay to the Dealer-Manager a selling commission of seven per cent (7%) of the purchase price of each BAC sold by it and a Dealer-Manager Fee in the amount of two per cent (2%) of the purchase price for each BAC sold to a subscriber. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, 7.0%; next 10,000 BACs, 6.5%; next 10,000 BACs, 5.5%; next 10,000 BACs, 4.5%; next 10,000 BACs, 3.5%; and next 10,000 BACs and over, 2.5%. The Dealer-Manager shall be entitled to the foregoing compensation only for the number of BACs for which the subscriber is admitted to the Fund as a BAC holder. The Dealer-Manager will also be entitled to receive: (i) an accountable due diligence expense reimbursement for actual bona fide due diligence expenses incurred by the Dealer-Manager or Soliciting Dealers retained by the Dealer-Manager, in an aggregate amount not to exceed one-half of one per cent (0.5%) of the purchase price for the BACs in such Fund sold through the efforts of the Dealer-Manager or by the Soliciting Dealers to subscribers with respect to such Fund; and (ii) a non-accountable expense allowance in an amount up to one per cent (1%) of the public ofering price of the BACs sold.
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Samples: Soliciting Dealer (Boston Capital Tax Credit Fund Iv Lp), Soliciting Dealer (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp
COMPENSATION OF DEALER MANAGER. (a) As compensation for the services of the Dealer-Manager hereunder, the Fund will pay to the Dealer-Manager a selling commission of seven per cent (7%) of the purchase price of each BAC sold by it and a Dealer-Manager Fee in the amount of two per cent (2%) of the purchase price for each BAC sold to a subscriber. However, for purchases of more than 10,000 BACs, the selling commission will be as follows: first 10,000 BACs, 7.0%; next 10,000 BACs, 6.5%; next 10,000 BACs, 5.5%; next 10,000 BACs, 4.5%; next 10,000 BACs, 3.5%; and next 10,000 BACs and over, 2.5%. The Dealer-Manager shall be entitled to the foregoing compensation only for the number of BACs for which the subscriber is admitted to the Fund as a BAC holder. The Dealer-Manager will also be entitled to receive: (i) an accountable due diligence expense reimbursement for actual bona fide due diligence expenses incurred by the Dealer-Dealer- Manager or Soliciting Dealers retained by the Dealer-Manager, in an aggregate amount not to exceed one-half of one per cent (0.5%) of the purchase price for the BACs in such Fund sold through the efforts of the Dealer-Manager or by the Soliciting Dealers to subscribers with respect to such Fund; and (ii) a non-accountable expense allowance in an amount up to one per cent (1%) of the public ofering price of the BACs sold.
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Samples: Boston Capital Tax Credit Fund Iv Lp