Common use of O&O Expense Reimbursements Clause in Contracts

O&O Expense Reimbursements. All Organization and Offering Expense reimbursements received from the Company, to the extent that they are less than the full amount of Organization and Offering Expense reimbursements due to the Advisor and the Sub-advisor, will be apportioned between the Advisor and Sub-advisor pro rata based on the amount of such Organization and Offering Expenses reimbursements due each that relate to the period commencing on the date of this Agreement and ending as of the date of the reimbursement; provided, however that within 50 days after the end of the month in which the Offering terminates, the Sub-advisor shall reimburse the Advisor the Sub-advisor’s pro rata share of reimbursements to the Company by the Advisor (based on its pro rata share of reimbursements received from the Company as so determined) pursuant to Section 3.02(a) of the Advisory Agreement for Organization and Offering Expenses reimbursed by the Company to the extent that such reimbursements by the Company exceed 2.0% of the Gross Proceeds raised in the completed Offering.

O&O Expense Reimbursements. All Organization and Offering Expense reimbursements received from the Company, to the extent that they are less than the full amount of Organization and Offering Expense reimbursements due to the Advisor and the Sub-advisor, advisor will be apportioned between the Advisor and Sub-advisor pro rata based on the amount of such Organization and Offering Expenses reimbursements due each that relate to the period commencing on the date of this Agreement and ending as of the date of the reimbursement; provided, however that within 50 days after the end of the month in which the Offering terminates, the Sub-advisor shall reimburse the Advisor the Sub-advisor’s pro rata share of reimbursements to the Company by the Advisor (based on its pro rata share of reimbursements received from the Company as so determined) pursuant to Section 3.02(a) of the Advisory Agreement for Organization and Offering Expenses reimbursed by the Company to the extent that such reimbursements by the Company exceed 2.015.0% of the Gross Proceeds raised in the completed Offering.

O&O Expense Reimbursements. All Organization and Offering Expense reimbursements received from the Company, to the extent that they are less than the full amount of Organization and Offering Expense reimbursements due to the Advisor and the Sub-advisor, advisor will be apportioned between the Advisor and Sub-advisor pro rata based on the amount of such Organization and Offering Expenses reimbursements due each that relate to the period commencing on the date of this Agreement and ending as of the date of the reimbursement; provided, however that within 50 days after the end of the month in which the Offering terminates, the Sub-advisor shall reimburse the Advisor the Sub-advisor’s pro rata share of reimbursements to the Company by the Advisor (based on its pro rata share of reimbursements received from the Company as so determined) pursuant to Section 3.02(a) of the Advisory Agreement for Organization and Offering Expenses reimbursed by the Company to the extent that such reimbursements by the Company exceed 2.0% of the Gross Proceeds raised in the completed Offering.

O&O Expense Reimbursements. All Organization and Offering Expense reimbursements received from the Company, to the extent that they are less than the full amount of Organization and Offering Expense reimbursements due to the Advisor and the Sub-advisor, will be apportioned between the Advisor and Sub-advisor pro rata based on the amount of such Organization and Offering Expenses reimbursements due each that relate to the period commencing on the date of this Agreement and ending as of the date of the reimbursement; provided, however that within 50 days after the end of the month in which the Offering terminates, the Sub-advisor shall reimburse the Advisor the Sub-advisor’s pro rata share of reimbursements to the Company by the Advisor (based on its pro rata share of reimbursements received from the Company as so determined) pursuant to Section 3.02(a) of the Advisory Agreement for Organization and Offering Expenses reimbursed by the Company to the extent that such reimbursements by the Company exceed 2.015.0% of the Gross Proceeds raised in the completed Offering.