Common use of Marketing Expenses Clause in Contracts

Marketing Expenses. Certain marketing expenses such as Selected Broker-Dealer conferences may be advanced to Selected Broker-Dealer and later deducted from the portion of the Dealer Manager Fee re-allowed to that Selected Broker-Dealer. If the Offering is not consummated, Selected Broker-Dealer will repay any such advance to the extent not expended on marketing expenses. Any such advance shall be deducted from the maximum amount of the Dealer Manager Fee that may otherwise be re-allowable to Selected Broker-Dealer. Notwithstanding anything herein to the contrary, Selected Broker-Dealer will not be entitled to receive any Dealer Manager Fee which would cause the aggregate amount of selling commissions, dealer manager fees and other forms of underwriting compensation (as defined in accordance with applicable FINRA rules) received by the Dealer Manager and all Selected Broker-Dealers to exceed 10.0% of the gross proceeds raised from the sale of Shares in the Offering.

Marketing Expenses. Certain marketing expenses such as Selected Participating Broker-Dealer conferences may be advanced to Selected Participating Broker-Dealer and later deducted from the portion of the Dealer Manager Fee re-allowed to that Selected Participating Broker-Dealer. If the Offering is not consummated, Selected Participating Broker-Dealer will repay any such advance to the extent not expended on marketing expenses. Any such advance shall be deducted from the maximum amount of the Dealer Manager Fee that may otherwise be re-allowable to Selected Participating Broker-Dealer. Notwithstanding anything herein to the contrary, Selected Participating Broker-Dealer will not be entitled to receive any Dealer Manager Fee which would cause the aggregate amount of selling commissions, dealer manager fees and other forms of underwriting compensation (as defined in accordance with applicable FINRA rulesRule 2310(b)(4)(B)(ii)) received by the Dealer Manager and Manager, all Selected Participating Broker-Dealers and others to exceed 10.0% of the gross proceeds raised from the sale of Shares in the OfferingPrimary Offering (“FINRA’s 10% Cap”).

Marketing Expenses. Certain marketing expenses such as Selected Participating Broker-Dealer conferences may be advanced to Selected Participating Broker-Dealer and later deducted from the portion of the Dealer Manager Fee re-allowed to that Selected Participating Broker-Dealer. If the Offering is not consummated, Selected Participating Broker-Dealer will repay any such advance to the extent not expended on marketing expenses. Any such advance shall be deducted from the maximum amount of the Dealer Manager Fee that may otherwise be re-allowable to Selected Participating Broker-Dealer. Notwithstanding anything herein to the contrary, Selected Participating Broker-Dealer will not be entitled to receive any Dealer Manager Fee which would cause the aggregate amount of selling commissions, dealer manager fees and other forms of underwriting compensation (as defined in accordance with applicable FINRA rulesRule 2310(b)(4)(B)(ii)) received by the Dealer Manager and Manager, all Selected Participating Broker-Dealers and others to exceed 10.0% of the gross offering proceeds raised from the sale of Shares in the OfferingPrimary Offering (“FINRA’s 10% Cap”).