Common use of Fee Waiver Support Clause in Contracts

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, 2016 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period if the average annualized non-compounded return to investors is less than eight percent (8%). 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.

Fee Waiver Support. Substantially concurrently with the execution of this the Original Operating 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 December 31, 2016 (the “Fee Waiver Period”), the Manager shall waive its asset management fee during the Fee Waiver Period if the average annualized non-compounded return to investors is less than eight percent (8%). 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.