Compensation to Adviser. MRC and Arete acknowledge that Adviser may receive compensation for its advisory services to Clients, or reimbursements of costs and charges incurred in the performance of its services, from a variety of sources, including Clients under Advisory Agreements. Adviser acknowledges and represents that it does not charge Clients a fee or charge based upon the sale of the Shares purchased by a Purchaser. Adviser represents and warrants that its fee arrangements would not be deemed excessive under applicable Securities Laws Provisions. MRC, Arete and Adviser all acknowledge that Adviser is not otherwise affiliated with MRC or Arete.
Compensation to Adviser. The Company shall pay no fees, commissions or other compensation to Adviser.
Compensation to Adviser. (1) The Fund covenants and agrees to pay to the Adviser and the Adviser covenants and agrees to accept from the Fund, in full payment for all investment management and other services furnished, for the use of all facilities, materials and equipment and for all expenses paid or reimbursed by the Adviser hereunder, fees for each calendar year at the annual rates as a percentage of average daily net assets for each Portfolio set forth below that Portfolio’s name on Exhibit A attached hereto, as it may be amended from time to time by agreement of the parties, to be computed for each day of each such year on the basis of net assets as of the close of business on the next preceding full business day (“Advisory Fee”).
Compensation to Adviser. MRC and ARI acknowledge that Adviser may receive compensation for its advisory services to Clients, or reimbursements of costs and charges incurred in the performance of its services, from a variety of sources, including Clients under Advisory Agreements. Adviser acknowledges and represents that it does not charge Clients a fee or charge based upon the sale of the Shares purchased by a Purchaser. Adviser represents and warrants that its fee arrangements would not be deemed excessive under applicable Securities Laws Provisions. MRC, ARI and Adviser all acknowledge that Adviser is not otherwise affiliated with MRC or ARI.
Compensation to Adviser. The Company shall pay no fees, commissions or other compensation to Adviser. Adviser acknowledges that the Shares are subject to an annual distribution fee, to be accrued and payable upon the terms and conditions set forth in the Prospectus (the “Distribution Fee”), of 0.67% of the NAV of the Shares, held by clients of Adviser, payable to the Dealer Manager on a monthly basis and in accordance with the offering terms and conditions as set forth in the Prospectus. Adviser further acknowledges that all Distribution Fees payable with respect to the Shares will cease in accordance with the offering terms and conditions as set forth in the Prospectus. Adviser hereby waives any and all rights to receive payment of Distribution Fees.
Compensation to Adviser. The Adviser, as full compensation for services rendered under this Agreement, shall be paid the fees specified in Appendix A. The compensation of the Adviser shall be paid upon receipt by the Customer of the Adviser's statement for such compensation, which will be submitted to Customer quarterly. If the Adviser shall serve for less than the whole of any period, its compensation shall be determined as provided above on the basis of the value of the assets in the Account on the date of termination of this Agreement and shall be payable on a pro rata basis for the time during that period for which the Adviser has provided services hereunder.
Compensation to Adviser. The Company will pay no fees, commissions, stockholder servicing fees or other compensation to Adviser in connection with the sale of Class I Shares.
Compensation to Adviser. (a) As compensation for the services of Adviser in monitoring and overseeing the Investments, the Fund will pay Adviser a portfolio management fee (the “Management Fee”) in an amount equal to 2% per annum of Aggregate Invested Capital. The Management Fee shall be paid monthly in arrears in an amount equal to one-twelfth (1/12) of the Management Fee, calculated as of the last day of each month (which amount will be prorated for any partial period) and payable within fifteen (15) days of the end of each month. Any change in Aggregate Invested Capital during the period for which the Management Fee is calculated shall be prorated for such period.
