Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. Cardone Equity Fund V, LLC 10 Operating Agreement
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 1.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.0% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 1.0% of the total amount of the Capital Account Balances of all the Class A Members, annualized, paid monthly. The total amount of fees that the Manager may receive cannot be determined at this time. Carried Interest Class B Interest 35% profits interest and 35% of Distributable Cash. Cardone Equity Fund V, LLC 11 Operating Agreement
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement Xxxxxxx Homes Xxxxxxx Loans | 17 Company Operating Agreement Note (Amended): Please be advised that the Company may never raise enough capital to move forward with its intended business purposes. In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commission, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash, Managers Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation. The maximum amount of compensation the Manager may receive is 10 percent (10%) that the Offering, Interests and Members Capital raises.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above).
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 2.0% of the purchase price of the individual property. These fees are difficult to determine at this time. Disposition Fee Fees charged to the Company as Properties are disposed of 1.5% of the sales price of the individual property. These fees are difficult to determine at this time. Asset Management Fee Fees charged to the Company for management of its investments 2.0% of the gross income of the assets held by the Company, whether they are notes or properties. The total amount of fees that the Manager may receive cannot be determined at this time. This fee may be paid monthly. Construction Management Fee Fees charged to the Company for management of repairs. rehabilitation, and construction of its investments. 6% of the total costs of repairs, rehabilitation, and construction of the individual property.
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. Tulsa Real Estate Fund, LLC 9 Company Agreement The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation. The maximum amount of compensation the Manager may receive cannot be determined at this time.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Asset Management Fee Fees charged to the Company for management of its investments 1/12th of 5.0% of the total amount the Company invests. The total amount of fees that the Manager may receive cannot be determined at this time. This could be as little as $12,774 (annually) or as much as $690,000 (annually.) This fee may be paid monthly. Tulsa Real Estate Fund, LLC 10 Company Agreement
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. Manager reserves the right to forfeit any form of compensation at any time at the sole discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above).
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement
5.2 Fees Paid to Manager and/or Affiliates The Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, interests or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time. The Manager and/or members or Affiliates may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Phase of Operation Basis for Fee Amount of Fee Asset Management Fee Fees charged to the Company for management of its investments The Manager or its designated affiliate(s) will earn an Asset Management Fee in an annual amount of 1.75% of the total aggregate amount of capital contributions invested in Royalty Interests (taking into account investments and divestments), payable monthly. Carried Interest Class B Interest 5% of Distributable Cash attributable to Operating Distributions and 2.5% of Distributable Cash associated with Liquidation Distributions (as set forth in Section 4 of this Agreement).
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation at the discretion of the Manager. The maximum amount of compensation the Manager may receive cannot be determined at this time.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Acquisition Fee Fees charged to the Company as Properties are acquired 1.5% of the purchase price of an individual property including leverage. These fees are difficult to determine at this time. Fund Management Fee Fees charged to the Company for the management of the Fund. The fund management fee is 2.0% per year, based on committed equity. These fees are difficult to determine at this time. Administration Fee Annual Fee charged for ongoing administration and operation of the Fund 0.5% of the equity raised. These fees are difficult to determine at this time. Upfront Fee One-time fee to cover setup costs of the Fund. The upfront fee is 2.0% of total equity raised. These fees are difficult to determine at this time. Loan Guaranty Fee Fee paid to individual or Manager that provide personal guarantees for loans secured by Company Properties. This fee may be paid to individuals of the Manager or the Manager. 1.0% of the total loan paid upon loan closing. These fees are difficult to determine at this time. Platform Fee A one-time platform fee may be charged based on capital raised. This will be paid to the provided of the crowd funding platform 1.0% of the capital raised. These fees are difficult to determine at this time.
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commissions, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash. Manager’s Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation. The maximum amount of compensation the Manager may receive cannot be determined at this time.
5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Tulsa Real Estate Fund, LLC 9 Company Agreement
Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement
Manager’s Fees or Other Compensation
