No Commissions or Dealer Manager Fees in Respect of Certain Special Sales. The Dealer Manager will not reallow Selling Commissions or the Dealer Manager Fees in connection with certain Special Sales of Class A Shares. For purposes of this Section 4(f), “Special Sale” shall mean: (i) the sale of Class A Shares as compensation for services by Inland Real Estate Investment Corporation or any of its directors, officers, employees or affiliates and certain other related parties; (ii) the purchase of Class A Shares by each of the Dealer Manager or any of its or the Company’s directors, officers, employees or affiliates or the directors, officers and employees of its affiliates, or any family members of those individuals (including spouses, parents, grandparents, children and siblings), for $22.81 per share; (iii) the purchase of common stock under the DRP; and (iv) the Class A Shares issued pursuant to the Company’s employee and director incentive restricted share plan.
Appears in 7 contracts
Samples: Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Dealer Manager Agreement (Inland Residential Properties Trust, Inc.), Dealer Manager Agreement (Inland Residential Properties Trust, Inc.)
No Commissions or Dealer Manager Fees in Respect of Certain Special Sales. The Dealer Manager Company will not reallow pay Selling Commissions or the Dealer Manager Fees in connection with certain Special Sales of Class A Shares. For purposes of this Section 4(f4(e), “Special Sale” shall mean: (i) the sale of Class A Shares as compensation for services by Inland Real Estate Investment Corporation or any of its directors, officers, employees or affiliates and certain other related parties; (ii) the purchase of Class A Shares by each of the Dealer Manager or any of its or the Company’s directors, officers, employees or affiliates or the directors, officers and employees of its affiliates, or any family members of those individuals (including spouses, parents, grandparents, children and siblings), for $22.81 per share; (iii) the purchase of common stock under the DRP; and (iv) the Class A Shares issued pursuant to the Company’s employee and director incentive restricted share plan.
Appears in 7 contracts
Samples: Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Dealer Manager Agreement (Inland Residential Properties Trust, Inc.), Dealer Manager Agreement (Inland Residential Properties Trust, Inc.)
