Common use of Distribution Fee Clause in Contracts

Distribution Fee. Subject to volume discounts and other special circumstances described in or otherwise provided for in the “Plan of Distribution” section of the Prospectus or this Section 6.1, the Company will pay to the Dealer Manager with respect to the Class C Units only a distribution fee (the “Distribution Fee”), which shall accrue daily in the amount equal to 1/365th of 0.80% of the amount of the net asset value per unit for the Class C Units for such day, including Class C DRIP Units, on a continuous basis from year to year. The Distribution Fee shall be payable quarterly in arrears. The Dealer Manager may re-allow all or any portion of the Distribution Fee to the Participating Dealers who sold the Class C Units giving rise to such fees, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer. The Dealer Manager will cease receiving Distribution Fees with respect to Class C Units sold in the Offering upon the earlier to occur of the following: (i) a listing of the Class C Units on a national securities exchange; (ii) following the completion of the Offering, total underwriting compensation in the Offering equaling 10% of the gross proceeds from the primary Offering, or (iii) there are no longer any Class C Units outstanding, for example (without limitation), because of their redemption or other repurchase by the Company, upon the dissolution of the Company, or upon a merger or other extraordinary transaction in which the Company is a party and in which the Units, including the Class C Units, are exchanged for cash or other securities. The Company will not pay the Dealer Manager a Distribution Fee with respect to Class A Units or Class I Units.

Distribution Fee. Subject to volume discounts and other special circumstances described in or otherwise provided for in the “Plan of Distribution” section of the Prospectus or this Section 6.1, the Company will pay to the Dealer Manager with respect to the Class C Units Shares only a distribution fee (the “Distribution Fee”), which shall accrue daily in the amount equal to 1/365th of 0.80% of the amount of the net asset value per unit share for the Class C Units Shares for such day, including Class C DRIP UnitsShares, on a continuous basis from year to year. The Distribution Fee shall be payable quarterly in arrears. The Dealer Manager may re-allow all or any portion of the Distribution Fee to the Participating Dealers who sold the Class C Units Shares giving rise to such fees, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer. The Dealer Manager will cease receiving Distribution Fees with respect to Class C Units Shares sold in the Offering upon the earlier to occur of the following: (i) a listing of the Class C Units Shares on a national securities exchange; (ii) following the completion of the Offering, total underwriting compensation in the Offering equaling 10% of the gross proceeds from the primary Offering, or (iii) there are no longer any Class C Units Shares outstanding, for example (without limitation), because of their redemption or other repurchase by the Company, upon the dissolution of the Company, or upon a merger or other extraordinary transaction in which the Company is a party and in which the UnitsShares, including the Class C UnitsShares, are exchanged for cash or other securities. The Company will not pay the Dealer Manager a Distribution Fee with respect to Class A Units Shares or Class I UnitsShares.