Common use of COMPENSATION OF SOLICITING DEALERS Clause in Contracts

COMPENSATION OF SOLICITING DEALERS. Except as provided in the "Selling and Escrow Arrangements" section of the Prospectus, as compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a selling commission, a portion of the funds received by it from the Company as a selling commission in an amount up to seven per cent (7%) of the purchase price for each Share sold to a subscriber through such Soliciting Dealer's efforts with respect to the Company. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder a portion of the funds received by it from the Company as a dealer-manager fee in an amount up to one and one half percent (1.5%) of the purchase price for each Share sold to a subscriber though such Soliciting Dealer's efforts with respect to the Company. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's name has been made in the Subscription Agreement relating to the subscriber's Shares, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part 8 of the subscriber's Subscription Agreement, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer-Manager, and (iv) the subscriber is admitted as a stockholder for the number of Shares indicated in his Subscription Agreement.

Appears in 4 contracts

Samples: Soliciting Dealer (Boston Capital Real Estate Investment Trust Inc), Soliciting Dealer (Boston Capital Real Estate Investment Trust Inc), Soliciting Dealer (Boston Capital Real Estate Investment Trust Inc)

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COMPENSATION OF SOLICITING DEALERS. Except as otherwise provided in the "Selling and Escrow Arrangements" “Plan of Distribution” section of the Prospectus, as compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, allow to Soliciting Dealers as a selling commissioncompensation for their services hereunder, a portion of the funds received by it selling commission that Dealer-Manager receives from the Company as a selling commission in an amount up to seven per cent (7%) of the purchase price for each Share sold to a subscriber through such Soliciting Dealer's ’s efforts with respect to the Company. In addition, the Dealer-Manager may re-allow to the Soliciting Dealers hereunder a portion of the funds received by it from the Company as a dealer-manager fee in an amount up to one and one half percent (1.5%) of the purchase price for each Share sold to a subscriber though such Soliciting Dealer's efforts with respect to the CompanyOffering. A Soliciting Dealer shall be entitled to the foregoing compensation only if (i) the insertion of such Soliciting Dealer's ’s name has been made in the Subscription Agreement relating to the subscriber's ’s Shares, (ii) an account executive from such Soliciting Dealer has executed the certification contained in Part 8 of the subscriber's ’s Subscription Agreement, (iii) such Soliciting Dealer has executed this Agreement in the form hereof and delivered it to the Dealer-Manager, and (iv) the subscriber is admitted as a stockholder for the number of Shares indicated in his Subscription Agreement.

Appears in 1 contract

Samples: Soliciting Dealer Agreement (Hartman vREIT XXI, Inc.)

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