Common use of Debt Financing Fee Clause in Contracts

Debt Financing Fee. In the event of the origination of any line of credit or other debt financing obtained by the Trust, including the assumption (directly or indirectly) of existing debt, that is used to acquire properties, to make other permitted investments or is assumed (directly or indirectly) in connection with the acquisition of properties, and if the Advisor or an Affiliate of the Advisor provides a substantial amount of services, as determined by the Independent Trustees in connection therewith, the Trust will pay to the Advisor or an Affiliate of the Advisor a Debt Financing Fee equal to 1% of the amount available to the Trust under such line of credit or other debt financing; provided however, that the Advisor may reallow all or a portion of the Debt Financing Fee to the sub-advisor pursuant to the Sub-Advisory Agreement or other parties effecting the debt placement. Debt Financing Fees, if applicable, are due and payable upon the origination of a line of credit or other debt financing obtained by the Trust. On each anniversary date of the origination of such line of credit or other debt financing, the Trust will pay to the sub-advisor pursuant to the Sub-Advisory Agreement an additional fee of 0.25% of such amount available to the Trust under such line of credit or other debt financing if such line of credit or other debt financing continues to be outstanding on such date, or a pro rated portion of such additional fee for the portion of such year that the financing was outstanding.

Debt Financing Fee. In the event of the origination of any line of credit or other debt financing obtained by the Trust, including the assumption (directly or indirectly) of existing debt, that is used to acquire properties, to make other permitted investments or is assumed (directly or indirectly) in connection with the acquisition of properties, and if the Advisor or an Affiliate of the Advisor provides a substantial amount of services, as determined by the Independent Trustees in connection therewith, the Trust will pay to the Advisor or an Affiliate of the Advisor a Debt Financing Fee equal to 1% of the amount available to the Trust under such line of credit or other debt financing; provided however, that the Advisor may reallow all or a portion of the Debt Financing Fee to the sub-advisor pursuant to the Sub-Advisory Agreement or other parties effecting the debt placement. Debt Financing Fees, if applicable, are due and payable upon the origination of a line of or credit or other debt financing obtained by the Trust. On each anniversary date of the origination of such line of credit or other debt financing, the Trust will pay to the sub-advisor pursuant to the Sub-Advisory Agreement an additional fee of 0.25% of such amount available to the Trust under such line of credit or other debt financing if such line of credit or other debt financing continues to be outstanding on such date, or a pro rated portion of such additional fee for the portion of such year that the financing was outstanding.

Debt Financing Fee. In the event of the origination of any line of credit or other debt financing obtained by the Trust, including the assumption (directly or indirectly) of existing debt, that is used to acquire properties, to make other permitted investments or is assumed (directly or indirectly) in connection with the acquisition of properties, and if the Advisor or an Affiliate of the Advisor provides a substantial amount of services, as determined by the Independent Trustees in connection therewith, the Trust will pay to the Advisor or an Affiliate of the Advisor a Debt Financing Fee equal to 1% of the amount available to the Trust under such line of credit or other debt financing; provided however, that the Advisor may reallow all or a portion of the Debt Financing Fee to the sub-advisor pursuant to the Sub-Advisory Agreement or other parties effecting the debt placement. Debt Financing Fees, if applicable, are due and payable upon the origination of a line of credit or other debt financing obtained by the Trust. On each anniversary date of the origination of such line of credit or other debt financing, the Trust will pay to the sub-advisor pursuant to Advisor or an Affiliate of the Sub-Advisory Agreement Advisor an additional fee of 0.25% of such amount available to the Trust under such line of credit or other debt financing if such line of credit or other debt financing continues to be outstanding on such date, or a pro rated prorated portion of such additional fee for the portion of such year that the financing was outstanding.