Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for the Fee Waiver Period, the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 16 contracts
Samples: Operating Agreement (Fundrise Growth Ereit Vii, LLC), Operating Agreement (Fundrise Growth Ereit Vii, LLC), Operating Agreement (Fundrise Balanced Ereit Ii, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until June 30, 2017 (the “Fee Waiver Period”), the Manager shall will waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 6 contracts
Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise for-Sale Housing eFUND - Los Angeles CA, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until June 30, 2019 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 4 contracts
Samples: Operating Agreement (Fundrise Growth eREIT III, LLC), Operating Agreement (Fundrise Growth eREIT III, LLC), Operating Agreement (Fundrise Income eREIT III, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until December 31, 2019 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 4 contracts
Samples: Operating Agreement (Fundrise Income eREIT 2019, LLC), Operating Agreement (Fundrise Growth eREIT 2019, LLC), Operating Agreement (Fundrise Growth eREIT 2019, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until December 31, 2018 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 2 contracts
Samples: Operating Agreement (Fundrise Growth eREIT II, LLC), Operating Agreement (Fundrise Income eREIT II, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this the Original Agreement, the Manager shall enter entered into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until June 30, 2019 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 2 contracts
Samples: Operating Agreement (Fundrise Development eREIT, LLC), Operating Agreement (Fundrise Development eREIT, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until December 31, 2017 (the “Fee Waiver Period”), the Manager shall will waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 1 contract
Samples: Operating Agreement (Fundrise National for-Sale Housing eFund, LLC)
Fee Waiver Support. Substantially concurrently with the execution of this Agreement, the Manager shall enter into that certain Fee Waiver Support Agreement that provides that, subject to the terms and conditions contained therein and for a period until June 30, 2020 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period. Following the conclusion of the Fee Waiver Period, the Manager may, in its sole discretion, waive its asset management fee, in whole or in part. The Manager will forfeit any portion of the asset management fee that is waived.
Appears in 1 contract
