Common use of Gross Proceeds Clause in Contracts

Gross Proceeds. The purchase price of all Equity Shares sold for the account of the Company through all Offerings, without deduction for Organizational and Offering Expenses or volume or other discounts. For the purpose of computing Gross Proceeds, the purchase price of any Equity Share for which reduced or no Selling Commissions or Marketing Support Fees are paid to the Managing Dealer or a Participating Broker shall be deemed to be the full amount of the Offering price per Equity Share pursuant to the Prospectus for such Offering, with the exception of Equity Shares purchased pursuant to the Company’s Distribution Reinvestment Plan, which will be factored into the calculation using their actual purchase price.

Appears in 19 contracts

Samples: Advisory Agreement (Global Growth Trust, Inc.), Advisory Agreement (Global Income Trust, Inc.), Advisory Agreement (Global Income Trust, Inc.)

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