Common use of Dealer Manager Fee Clause in Contracts

Dealer Manager Fee. Subject to special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager a dealer manager fee in an amount of 3.0% of the gross proceeds from the sale of the Class A Shares sold in the primary offering and an amount of 2.75% of the gross proceeds from the sale of Class T Shares sold in the primary offering (the “Dealer Manager Fee”), a portion of which may be reallowed to Participating Dealers (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer), which reallowance, if any, shall be determined by the Dealer Manager in its discretion based on factors including, but not limited to, the number of shares sold by such Participating Dealer, the assistance of such Participating Dealer in marketing the Offering and due diligence expenses incurred, and the extent to which similar fees are reallowed to participating broker-dealers in similar offerings being conducted during the Offering Period; provided, however, that no Dealer Manager Fee shall be payable in respect of the purchase of Class A Shares in the primary offering by an officer or director of the Company, or by officers and employees the Advisor and the Advisor’s affiliates. The Company will not pay the Dealer Manager Fee in respect of the purchase of any DRIP Shares.

Dealer Manager Fee. Subject to special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager a dealer manager fee in an amount of up to 3.0% of the gross proceeds from the sale of the Class A Shares sold in the primary offering and an amount of up to 2.75% of the gross proceeds from the sale of Class T Shares sold in the primary offering (the “Dealer Manager Fee”), a portion of which may be reallowed to Participating Dealers (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer), which reallowance, if any, shall be determined by the Dealer Manager in its discretion based on factors including, but not limited to, the number of shares sold by such Participating Dealer, the assistance of such Participating Dealer in marketing the Offering and due diligence expenses incurred, and the extent to which similar fees are reallowed to participating broker-dealers in similar offerings being conducted during the Offering Period; provided, however, that no Dealer Manager Fee shall be payable in respect of the purchase of Class A Shares in the primary offering by an officer or director of the Company, or by officers and employees the Advisor and the Advisor’s affiliates. The Company will not pay the Dealer Manager Fee in respect of the purchase of any DRIP Class I Shares or any DRP Shares.

Dealer Manager Fee. Subject to special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager a dealer manager fee in an amount of up to 3.0% of the gross proceeds from the sale of the Class A Shares sold in the primary offering and an amount of 2.75up to 2.25% of the gross proceeds from the sale of Class T C Shares sold in the primary offering (the “Dealer Manager Fee”), a portion of which may be reallowed to Participating Dealers (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer), which reallowance, if any, shall be determined by the Dealer Manager in its discretion based on factors including, but not limited to, the number of shares sold by such Participating Dealer, the assistance of such Participating Dealer in marketing the Offering and due diligence expenses incurred, and the extent to which similar fees are reallowed to participating broker-dealers in similar offerings being conducted during the Offering Period; provided, however, that no Dealer Manager Fee shall be payable in respect of the purchase of Class A Primary Shares in the primary offering by an officer or director of the Company, or by officers and employees the Advisor and the Advisor’s affiliates. The Company will not pay the Dealer Manager Fee in respect of the purchase of any DRIP DRP Shares.

Dealer Manager Fee. Subject to special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager a dealer manager fee in an amount of up to 3.0% of the gross proceeds from the sale of the Class A Shares sold in the primary offering and an amount of up to 2.75% of the gross proceeds from the sale of Class T Shares sold in the primary offering (the “Dealer Manager Fee”), a portion of which may be reallowed to Participating Dealers (as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer), which reallowance, if any, shall be determined by the Dealer Manager in its discretion based on factors including, but not limited to, the number of shares sold by such Participating Dealer, the assistance of such Participating Dealer in marketing the Offering and due diligence expenses incurred, and the extent to which similar fees are reallowed to participating broker-dealers in similar offerings being conducted during the Offering Period; provided, however, that no Dealer Manager Fee shall be payable in respect of the purchase of Class A Shares in the primary offering by an officer or director of the Company, or by officers and employees the Advisor and the Advisor’s affiliates. The Company will not pay the Dealer Manager Fee in respect of the purchase of any DRIP DRP Shares.