Common use of Liquidation Fee Clause in Contracts

Liquidation Fee. The Company shall pay the Advisor or one of its Affiliates a Liquidation Fee calculated from the value per share resulting from a liquidation event, including but not limited to a sale of all of the Properties, a public listing, or a merger with a public or non-public company, equal to 30% of the increase, if any, in the resultant value per share as compared to the Highest Prior NAV per Share, if any, multiplied by the number of outstanding shares of the Company’s common stock as of the liquidation date, subordinated to payment to the Company’s stockholders of the Preferred Return, pro-rated for the year in which the liquidation event occurs; provided, however, the Advisor shall pay to each Large Investor one-third of the Liquidation Fee percentage (30%) multiplied by such Large Investor’s investment in the Company.

Liquidation Fee. The Company shall pay the Advisor Services Provider or one of its Affiliates a Liquidation Fee calculated from the value per share resulting from a liquidation event, including but not limited to a sale of all of the Properties, a public listing, or a merger with a public or non-public company, equal to 3015.0% of the increase, if any, in the resultant value per share of Common Stock as compared to the Highest Prior NAV per Share, if anyshare, multiplied by the number of outstanding shares of the Company’s common stock Common Stock as of the liquidation date, subordinated to payment to the Company’s stockholders of the Preferred Return, pro-rated for the year in which the liquidation event occurs; provided, however, the Advisor shall pay to each Large Investor one-third of the Liquidation Fee percentage (30%) multiplied by such Large Investor’s investment in the Company.

Liquidation Fee. The Company shall pay the Advisor or one of its Affiliates a Liquidation Fee calculated from the value per share resulting from a liquidation event, including but not limited to a sale of all of the Properties, a public listing, or a merger with a public or non-public company, equal to 3030.0% of the increase, if any, in the resultant value per share as compared to the Highest Prior NAV per Share, if anyShare , multiplied by the number of outstanding shares of the Company’s common stock as of the liquidation date, subordinated to payment to the Company’s stockholders of the Preferred Return, pro-rated for the year in which the liquidation event occurs; provided, however, the that our Advisor shall pay cause an amount equal to each Large Investor one-third of the pro rata portion of its Liquidation Fee percentage (30%) multiplied by attributable to Large Investors to be rebated to the Large Investors, on a pro rata basis based on each such Large Investor’s pro rata investment in the Company.

Liquidation Fee. The Company shall pay the Advisor or one of its Affiliates a Liquidation Fee calculated from the value per share resulting from a liquidation event, including but not limited to a sale of all of the Properties, a public listing, or a merger with a public or non-public company, equal to 3030.0% of the increase, if any, in the resultant value per share of Common Stock as compared to the Highest Prior NAV per Share, if anyshare, multiplied by the number of outstanding shares of the Company’s common stock Common Stock as of the liquidation date, subordinated to payment to the Company’s stockholders of the Preferred Return, pro-rated for the year in which the liquidation event occurs; provided, however, the that our Advisor shall pay cause an amount equal to each Large Investor one-third of the pro rata portion of its Liquidation Fee percentage (30%) multiplied by attributable to Large Investors to be rebated to the Large Investors, on a pro rata basis based on each such Large Investor’s pro rata investment in the Company.