Common use of Financing Coordination Fee Clause in Contracts

Financing Coordination Fee. For services in connection with the origination or refinancing of any debt financing the Advisee obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Advisor or its Affiliates shall receive a financing coordination fee (the “Financing Coordination Fee”) equal to 1% of the amount available and/or outstanding under such financing; provided, however, that the Advisor will not be entitled to a financing coordination fee in connection with the refinancing of any loan secured by any particular 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 Advisees acquire and/or assume such permanent financing.