Common use of Obligations to Participating Broker-Dealers Clause in Contracts

Obligations to Participating Broker-Dealers. Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees received by the Dealer Manager will be reallowed to Participating Broker-Dealers who sold the Primary Shares giving rise to such Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees pursuant to the terms of the Participating Broker-Dealer Agreement entered into with such Participating Broker-Dealers. The Company will not be liable or responsible to any Participating Broker-Dealer for direct payment or reallowance of Selling Commissions, Dealer Manager Fees or Stockholder Servicing Fees to any Participating Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment or reallowance of Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees to Participating Broker-Dealers. Notwithstanding the foregoing, the Company, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees to Participating Broker-Dealers without incurring any liability therefor.

Obligations to Participating Broker-Dealers. Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees received by the Dealer Manager will be reallowed to Participating Broker-Dealers who sold the Primary Shares giving rise to such Selling Commissions, Dealer Manager Fees Fees and Stockholder Servicing Fees pursuant to the terms of the Participating Broker-Dealer Agreement entered into with such Participating Broker-Dealers. The Company will not be liable or responsible to any Participating Broker-Dealer for direct payment or reallowance of Selling Commissions, Dealer Manager Fees or Stockholder Servicing Fees to any Participating Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment or reallowance of Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees to Participating Broker-Dealers. Notwithstanding the foregoing, the Company, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees to Participating Broker-Dealers without incurring any liability therefor.

Obligations to Participating Broker-Dealers. Selling Commissionscommissions, Dealer Manager Fees and Stockholder Investor Servicing Fees received by the Dealer Manager will be reallowed to the Participating Broker-Dealers Dealer who sold the Primary Shares Units giving rise to such Selling Commissionsselling commissions, Dealer Manager Fees and Stockholder or Investor Servicing Fees pursuant to the terms of as described more fully in the Participating Broker-Dealer Agreement entered into with such Participating Broker-DealersDealer. The Company will not be liable or responsible to any Participating Broker-Dealer for direct payment or reallowance of Selling Commissionsselling commissions, Dealer Manager Fees or Stockholder Investor Servicing Fees to any such Participating Broker-Dealer, it being the sole and exclusive responsibility of the Dealer Manager for payment or reallowance of Selling Commissionssuch selling commissions, Dealer Manager Fees and Stockholder Investor Servicing Fees to Participating Broker-Dealers. Notwithstanding the foregoing, the Company, in its sole discretion, may act as agent of the Dealer Manager by making direct payment of Selling Commissionsselling commissions, Dealer Manager Fees and Stockholder or Investor Servicing Fees to such Participating Broker-Dealers without incurring any liability therefor.