Organizational Fee. As compensation for the time and effort involved in organizing the Company, the Company shall pay to the Manager an organization fee in an amount equal to TWO HUNDRED THOUSAND DOLLARS ($200,000) (the “Organization Fee”). The Manager shall be paid the Organization Fee following acceptance of subscriptions of not less than THREE MILLION AND NO/100 DOLLARS ($3,000,000.00).
Appears in 3 contracts
Samples: Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)
Organizational Fee. As compensation for the time and effort involved in organizing the Company, the Company shall pay to the Manager an organization fee in an the amount equal to TWO HUNDRED of TEN THOUSAND AND NO/100 DOLLARS ($200,00010,000.00) (the “Organization Fee”). The Manager shall be paid the Organization Fee following acceptance of upon accepting subscriptions of not less than THREE MILLION equaling FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($3,000,000.00500,000.00).
Appears in 1 contract
Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC)
