Payment of Incentive Fee. Notwithstanding anything to the contrary in this Exhibit C, if WPHC, in its sole discretion, causes the Final Closing to occur more than thirty (30) days prior to the Outside Date, then the Incentive Fee shall equal the Target Fee and the Company shall pay 50 percent of such Incentive Fee at the Final Closing and 50 percent of such Incentive Fee within two years of the date of Final Closing.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Wellsford Residential Property Trust), Operating Agreement (Wellsford Real Properties Inc), Operating Agreement (Wellsford Real Properties Inc)
Payment of Incentive Fee. Notwithstanding anything to the contrary in this Exhibit CP, if WPHC, in its sole discretion, causes the Final Closing to occur more than thirty (30) days prior to the Outside Date, then the Incentive Fee shall equal the Target Fee and the Company shall pay 50 percent of such Incentive Fee at the Final Closing and 50 percent of such Incentive Fee within two years of the date of Final Closing.
Appears in 2 contracts
Samples: Assignment of Interest (Wellsford Real Properties Inc), Operating Agreement (Wellsford Real Properties Inc)
Payment of Incentive Fee. Notwithstanding anything to 104 the contrary in this Exhibit C, if WPHC, in its sole discretion, causes the Final Closing to occur more than thirty (30) days prior to the Outside Date, then the Incentive Fee shall equal the Target Fee and the Company shall pay 50 percent of such Incentive Fee at the Final Closing and 50 percent of such Incentive Fee within two years of the date of Final Closing.
Appears in 1 contract
Samples: Pledge and Security Agreement (Equity Residential Properties Trust)
