Dealers’ Compensation. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended or supplemented from time to time, as compensation for completed sales and ongoing stockholder services rendered by Dealer hereunder, Dealer is entitled, on the terms and subject to the conditions herein, to the compensation set forth on Schedule I hereto.
Dealers’ Compensation. Except for discounts and other special circumstances described in or otherwise provided for in the “Plan of Distribution” section of the Prospectus or the Dealer Manager Agreement (or the applicable Follow-On Prospectus or applicable Follow-On Dealer Manager Agreement), Dealer’s selling commission applicable to the total public offering price of Shares sold in the primary offering by Dealer that it is authorized to sell hereunder is 7.0% of the gross proceeds of the Shares sold by it and accepted and confirmed by the Company, which commissions will be paid by the Dealer Manager. For these purposes, a “sale of Shares” shall occur if and only if a transaction has closed with a securities purchaser pursuant to all applicable offering and subscription documents and the Company has thereafter distributed the commission to the Dealer Manager in connection with such transaction. The Dealer affirms that the Dealer Manager’s liability for commissions payable is limited solely to the proceeds of commissions receivable associated therewith, and the Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Dealer Manager is in receipt of the commission from the Company. In addition, as set forth in the Prospectus (or the applicable Follow-On Prospectus), the Dealer Manager may, in its sole discretion, reallow a portion of the Dealer Manager Fee to Dealer. Such reallowance, if any, shall be determined by the Dealer Manager in its sole discretion. Reimbursement requests for accountable bona fide due diligence expenses must be made by Dealer within six months of the date of sale of Shares or such requests will not be honored by the Dealer Manager. The Dealer Manager will reimburse Dealer for reasonable bona fide due diligence expenses incurred by Dealer provided such expenses are provided to Dealer Manager on a detailed and itemized invoice. Except as otherwise provided herein, all expenses incurred by Dealer in the performance of Dealer’s obligations hereunder, including, but not limited to, expenses related to the Offering (or any Follow-On Offering) and any attorneys’ fees, shall be at Dealer’s sole cost and expense, and the foregoing shall apply notwithstanding the fact that the Offering (or any Follow-On Offering) is not consummated for any reason. Dealer acknowledges and agrees that no commissions, payments or amount whatsoever will be paid to the Dealer unless or until the gross proceeds of the Shares sold are disbursed t...
Dealers’ Compensation. Except for discounts described in or as otherwise provided in the “Plan of Distribution” section of the Prospectus (as amended and supplemented), the Dealer’s selling commission applicable to the public offering price of the Shares sold by the Dealer, which it is authorized to sell hereunder, is as follows:
Dealers’ Compensation. Subject to volume discounts and other special circumstances described in or as otherwise provided in the “Plan of Distribution” section of the Prospectus, the Dealer’s selling commission applicable to the Class A Primary Shares sold by the Dealer which it is authorized to sell hereunder is the percentage of the NAV per Class A share sold by the Dealer and accepted and confirmed by the
Dealers’ Compensation. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended or supplemented from time to time, as compensation for completed sales and ongoing stockholder services rendered by Dealer hereunder, Dealer is entitled, on the terms and subject to the conditions herein, to the compensation set forth on Schedule I hereto, which compensation reflects the payment of all or a portion of the selling commissions, dealer manager fees and Servicing Fees received by the Dealer Manager in connection with Shares sold by Dealer or Shares owned by stockholders to whom Dealer performs ongoing stockholder services, as applicable.
Dealers’ Compensation. Except as otherwise provided in the “Plan of Distribution” section of the Offering Circular, the Dealer’s sales commission applicable to the Shares sold by Dealer which it is authorized to sell hereunder is % of the gross proceeds of Shares sold by it and accepted and confirmed by the Company, which commission will be payable by the Sales Agent. For the purposes of this Section 5, Shares shall be deemed to be “sold” if and only if a transaction has closed with an Investor for Shares pursuant to all applicable offering documents, the Company has accepted the eligibility certification of such Investor, and such Shares have been fully paid for. The Dealer affirms that the Sales Agent’s liability for commissions payable is limited solely to the proceeds of commissions receivable from the Company, and the Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Sales Agent is in receipt of the commission from the Company. In addition, as set forth in the Offering Circular, the Sales Agent may, in its sole discretion, re-allow a portion of its sales fee to Dealers participating in the offering of Shares as marketing fees, reimbursement of costs and expenses of attending educational conferences or to defray other distribution-related expenses. The parties hereby agree that the foregoing commission is not in excess of the usual and customary distributors’ or sellers’ commission received in the sale of securities similar to the Shares, that Dealer’s interest in the Offering is limited to such commission from the Sales Agent and Dealer’s indemnity referred to in Section 10 of the Sales Agency Agreement, and that the Company is not liable or responsible for the direct payment of such commission to the Dealer.
Dealers’ Compensation. Except for discounts described in this Section 4 or as otherwise provided in the “Plan of Distribution” section of the Prospectus (as amended and supplemented), the Dealer’s selling commission applicable to the public offering price of the Class A Shares, Class T Shares and Class R Shares sold by the Dealer, which it is authorized to sell hereunder, is as follows:
Dealers’ Compensation. Except as otherwise provided in the Dealer Manager Agreement, the Company and the Sponsor will pay separate selling commissions to the Dealer Manager in connection with the sale of Class A Shares, and the Sponsor will pay selling commissions to the Dealer Manager in connection with the sale of Class T Shares. As provided in the Dealer Manager Agreement, the Sponsor may, at its discretion and upon thirty (30) days’ notice, terminate its obligation to pay selling commission in connection with the sale of the Class A Shares and/or the Class T Shares. Notwithstanding anything to the contrary herein, in the event that the Sponsor provides such notice, the Company will pay such selling commissions in connection with the sale of the Class A Shares and/or the Class T Shares, as applicable. Pursuant to the Dealer Manager Agreement, the Dealer Manager will reallow all selling commissions attributable to Dealer. Except for discounts described in this Section 4 or as otherwise provided in the “Plan of Distribution” section of the Prospectus (as amended and supplemented), the Dealer’s selling commission applicable to the public offering price of the Class A Shares and Class T Shares sold by the Dealer, which it is authorized to sell hereunder, is as follows:
Dealers’ Compensation. The Dealer is permitted to retain the Dealer’s Compensation for the sale of OMP Registrations pursuant to this Agreement. Dealer shall refund to the Administrator in accordance with Article D.6 of this Agreement.
Dealers’ Compensation. Dealer shall retain, as Dealer contingent compensation for each VSC sale, the difference between the VSC retail sales price collected by Dealer and the Net Dealer Cost.
