Payment in Shares. In the event the Advisor, in its sole discretion, elects to be paid any of the fees set forth in this Article 8 in Shares (in lieu of cash payment), the number of Shares shall be equal to (A) the cash amount of such fee; divided by (B) $9.00.
Appears in 5 contracts
Samples: Advisory Agreement (NorthStar Real Estate Income II, Inc.), Advisory Agreement (NorthStar Asset Management Group Inc.), Advisory Agreement (NorthStar Real Estate Income II, Inc.)
Payment in Shares. In the event the Advisor, in its sole discretion, elects to be paid any of the fees set forth in this Article 8 in Shares (in lieu of cash payment), the number of Class A Shares shall be equal to (A) the cash amount of such fee; divided by (B) $10.00 or, if an Offering is ongoing, $9.00; provided, however, that if an estimated value per share of our Class A common stock has been determined, then the value of any payment in Shares to the Advisor shall be based on such estimated value per share.
Appears in 5 contracts
Samples: Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.), Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.), Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.)
Payment in Shares. In the event the Advisor, in its sole discretion, elects to be paid any of the fees set forth in this Article 8 in Shares (in lieu of cash payment), the number of Class A Shares shall be equal to (A) the cash amount of such fee; divided by (B) $10.00 or, if an Offering is ongoing, $9.00; provided, however, that if an estimated value per share of our Class A common NY 246322957v3 stock has been determined, then the value of any payment in Shares to the Advisor shall be based on such estimated value per share.
Appears in 1 contract
Samples: Advisory Agreement (NorthStar/RXR New York Metro Real Estate, Inc.)
