Common use of Dealer Manager Fees in Respect of Certain Special Sales Clause in Contracts

Dealer Manager Fees in Respect of Certain Special Sales. The Dealer Manager will not reallow Selling Commissions, but subject to the conditions and limitations in this Agreement, will reallow one and three-eighths percent (1.375%) of the price per Share out of the Dealer Manager Fee to the Soliciting Dealer in connection with certain Special Sales of Class A Shares by the Soliciting Dealer. For purposes of this Section 4(g), “Special Sale” shall mean: (i) the purchase of Class A Shares by the Soliciting Dealer and any of its directors, officers, employees or affiliates who request and are entitled to purchase Class A Shares net of selling commissions for $23.50 per share; (ii) the sale of Class A Shares through registered investment advisors; and (iii) the sale of Class A Shares to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature. Neither the Dealer Manager nor its affiliates will compensate any person engaged as an investment advisor by a potential investor as an inducement for such investment advisor to advise favorably for an investment in the Company. However, in the case of special sales of Class A Shares to the client of a registered investment advisor in which the registered investment advisor is affiliated with a Soliciting Dealer, the Dealer Manager will then reallow 1.375% of the price per Share, out of the Dealer Manager Fee, to the Soliciting Dealer entity with which the registered investment adviser is affiliated. Any amounts payable to you under this Section 4(g) will be considered a “Marketing Contribution.”

Appears in 4 contracts

Samples: Dealer Manager Agreement (Inland Residential Properties Trust, Inc.), Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.)

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Dealer Manager Fees in Respect of Certain Special Sales. The Dealer Manager will not reallow Selling Commissions, but subject to the conditions and limitations in this Agreement, will reallow one and three-eighths percent (1.375%) of the price per Share out a portion of the Dealer Manager Fee to the Soliciting Dealer in connection with certain Special Sales of Class A Shares by the Soliciting Dealer. For purposes of this Section 4(g), “Special Sale” shall mean: (i) the purchase of Class A Shares by the Soliciting Dealer and any of its directors, officers, employees or affiliates who request and are entitled to purchase Class A Shares net of selling commissions for $23.50 per share; (ii) the sale of Class A Shares through to the client of a registered investment advisorsadvisor in which the registered investment advisor is affiliated with a participating Soliciting Dealer that is a party to a Soliciting Dealer Agreement with the Dealer Manager; and (iii) the sale of Class A Shares to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature. Neither the Dealer Manager nor its affiliates will compensate any person engaged as an investment advisor by a potential investor as an inducement for such investment advisor to advise favorably for an investment in the Company. However, in the case of special sales of Class A Shares to the client of a registered investment advisor in which the registered investment advisor is affiliated with a Soliciting Dealer, the Dealer Manager will then reallow 1.375% of the price per Share, out of the Dealer Manager Fee, to the Soliciting Dealer entity with which the registered investment adviser is affiliated. Any amounts payable to you under this Section 4(g) will be considered a “Marketing Contribution.”

Appears in 3 contracts

Samples: Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Dealer Manager Agreement (Inland Residential Properties Trust, Inc.)

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Dealer Manager Fees in Respect of Certain Special Sales. The Dealer Manager will not reallow Selling Commissions, but subject to the conditions and limitations in this Agreement, will reallow one and three-eighths percent (1.375%) of the price per Share out of the Dealer Manager Fee to the Soliciting Dealer in connection with certain Special Sales of Class A Shares by the Soliciting Dealer. For purposes of this Section 4(g), “Special Sale” shall mean: (i) the purchase of Class A Shares by the Soliciting Dealer and any of its directors, officers, employees or affiliates who request and are entitled to purchase Class A Shares net of selling commissions for $23.50 per share; (ii) the sale of Class A Shares through to the client of a registered investment advisorsadvisor in which the registered investment advisor is affiliated with a participating Soliciting Dealer that is a party to a Soliciting Dealer Agreement with the Dealer Manager; and (iii) the sale of Class A Shares to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature. Neither the Dealer Manager nor its affiliates will compensate any person engaged as an investment advisor by a potential investor as an inducement for such investment advisor to advise favorably for an investment in the Company. However, in the case of special sales of Class A Shares to the client of a registered investment advisor in which the registered investment advisor is affiliated with a Soliciting Dealer, the Dealer Manager will then reallow 1.375% of the price per Share, out of the Dealer Manager Fee, to the Soliciting Dealer entity with which the registered investment adviser is affiliated. Any amounts payable to you under this Section 4(g) will be considered a “Marketing Contribution.”

Appears in 1 contract

Samples: Dealer Manager Agreement (Inland Residential Properties Trust, Inc.)

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