Common use of Initial Fees and Expenses Clause in Contracts

Initial Fees and Expenses. The following fees, costs and expenses in connection with any Initial Offering or Subsequent offering and the sourcing and acquisition of a Series Asset shall be borne by the relevant Series (except in the case of an unsuccessful Offering in which case all Abort Costs shall be borne by the Managing Member, and except to the extent assumed by the Managing Member in writing): (a) Cost to acquire the Series Asset; (b) Brokerage Fee; (c) Offering Expenses; (d) Acquisition Expenses; and (e) Acquisition Fee.

Initial Fees and Expenses. The following initial fees, costs costs, and expenses in connection with any Initial Offering or Subsequent offering and the sourcing and sourcing/acquisition of a Series Asset shall be borne by the relevant Series and may be paid using Capital Contributions made to the Series (except in the case of an unsuccessful Offering in which case all Abort Costs shall be borne by the Managing Member, and except to the extent assumed by the Managing Member in writing): (a) Cost to acquire the Series Asset; (b) Brokerage Fee; (c) Offering Expenses; (d) Acquisition Expenses; and; (e) Acquisition Fee; and (f) Organization and Due Diligence Fee.