Limitations on Dealer Manager’s Liability for Commissions. The Company will not be liable or responsible to any Selected Broker-Dealer for the payment of any selling commissions or any reallowance of fees to Selected Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for the payment of selling commissions or any reallowance to Selected Broker-Dealer. Selected Broker-Dealer acknowledges and agrees that the Dealer Manager’s liability for commissions (including the marketing fee, if any) payable to Selected Broker-Dealer is limited solely to commissions received and the portion of the Dealer Manager fee which represents the marketing fee received by the Dealer Manager from the Company in connection with Selected Broker-Dealer’s sale of Shares.
Appears in 2 contracts
Samples: Form of Dealer Manager Agreement (Terra Income Fund 6, Inc.), Form of Dealer Manager Agreement (Terra Income Fund 6, Inc.)
Limitations on Dealer Manager’s Liability for Commissions. The Company will not be liable or responsible to any Selected Participating Broker-Dealer for the payment of any selling commissions or any reallowance of fees to Selected Participating Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for the payment of selling commissions or any reallowance to Selected Participating Broker-Dealer. Selected Participating Broker-Dealer acknowledges and agrees that the Dealer Manager’s liability for commissions (including the marketing fee, if any) payable to Selected Participating Broker-Dealer is limited solely to commissions received and the portion of the Dealer Manager fee which represents the marketing fee received by the Dealer Manager from the Company in connection with Selected Participating Broker-Dealer’s sale of Shares.
Appears in 2 contracts
Samples: Dealer Agreement (Terra Fixed Income Trust, Inc.), Dealer Agreement (Terra Secured Income Trust, Inc.)
Limitations on Dealer Manager’s Liability for Commissions. The Company will not be liable or responsible to any Selected Broker-Dealer for the payment of any selling commissions or any reallowance of broker-dealer fees, or other fees to Selected Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for the payment of selling commissions or any reallowance broker-dealer fees to Selected Broker-Dealer. Selected Broker-Dealer acknowledges and agrees that the Dealer Manager’s liability for commissions (including the broker-dealer fee and marketing fee, if any) payable to Selected Broker-Dealer is limited solely to commissions received and the portion of the Dealer Manager fee which represents the marketing fee received by the Dealer Manager from the Company in connection with Selected Broker-Dealer’s sale of Shares.
Appears in 1 contract
Limitations on Dealer Manager’s Liability for Commissions. The Company will not be liable or responsible to any Selected Broker-Dealer for the payment of any selling commissions or any reallowance of broker-dealer fees, or other fees to Selected Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for the payment of selling commissions or any reallowance broker-dealer fees to Selected Broker-Dealer. Selected Broker-Dealer acknowledges and agrees that the Dealer Manager’s liability for commissions (including the marketing fee, if any) payable to Selected Broker-Dealer is limited solely to commissions received and the portion of the Dealer Manager fee which represents the marketing fee received by the Dealer Manager from the Company in connection with Selected Broker-Dealer’s sale of Shares.
Appears in 1 contract
Samples: Dealer Manager Agreement (Terra Income Fund 6, Inc.)
