Common use of Financing Coordination Fee Clause in Contracts

Financing Coordination Fee. The Advisor shall receive a fee for providing services in connection with the origination or refinancing of any debt financing obtained that the Company or the Partnership uses to acquire Properties equal to one percent (1.0%) of the amount available under such financing (the “Financing Coordination Fee”); provided, however, that no Financing Coordination Fee will be paid in connection with the refinancing of any loan secured by any Property that was previously subject to a refinancing in which the Advisor received such a fee. Financing Coordination Fees payable from loan proceeds from permanent financing will be paid to the Advisor as the Company or the Partnership acquires such permanent financing. However, no Financing Coordination Fees will be paid on the investments of loan proceeds from any line of credit until such time as the Company or the Partnership has invested all net offering proceeds. The Advisor may pay some or all of the Financing Coordination Fees to third parties with whom it subcontracts to coordinate financing for the Company or the Partnership.