Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, Cottonwood Management will pay the Managing Broker-Dealer for sales of the Shares, 1.25% of the Total Sales as a non-accountable marketing and due diligence allowance which the Managing Broker-Dealer may re-allow, in whole or in part, to the Selling Group Members. Cottonwood Management will also pay the Managing Broker-Dealer 1.25% of the purchase price of the Shares sold to any registered investment advisors as a non-accountable marketing and due diligence allowance.
Appears in 5 contracts
Samples: Managing Broker Dealer Agreement, Managing Broker Dealer Agreement (Cottonwood Multifamily Reit Ii, Inc.), Managing Broker Dealer Agreement (Cottonwood Multifamily Reit Ii, Inc.)
Expense Allowances. Subject to Section 9, in addition to the compensation described in Section 6, Cottonwood Management will pay the Managing Broker-Dealer for sales of the Shares, 1.251% of the Total Sales as a non-accountable marketing and due diligence allowance which the Managing Broker-Dealer may re-allow, in whole or in part, to the Selling Group Members. Cottonwood Management will also pay the Managing Broker-Dealer 1.250.25% of the purchase price of Total Sales for marketing expenses as agreed to by the Shares sold to any registered investment advisors as a nonManaging Broker-accountable marketing Dealer and due diligence allowancethe Company.
Appears in 2 contracts
Samples: Managing Broker Dealer Agreement (Cottonwood Multifamily Opportunity Fund, Inc.), Managing Broker Dealer Agreement (Cottonwood Multifamily Development REIT I, Inc.)
