Common use of Placement Agent and other Selling Commissions Clause in Contracts

Placement Agent and other Selling Commissions. (a) The Fund shall pay out of Fund Property to Ridgewood Securities Corporation or to any broker-dealer who effects the sale of one or more whole or fractional Shares, cash selling commissions in an aggregate amount equal to 8% of the base amount of each Capital Contribution. The base amounts are computed at the rate of $150,000 of Capital Contributions per Investor Share, without considering any discounts or waivers of fees. For serving as Placement Agent, Ridgewood Securities Corporation shall in addition be entitled to receive out of Fund Property a fee in an amount equal to 1% of each Capital Contribution. Such commissions payable on each Capital Contribution in respect of sales of Shares prior to the Termination Date and shall be due and payable promptly after the latest to occur of (i) acceptance by the Fund of an Investor's subscription, (ii) the Escrow Date, or (iii) the receipt by the Fund of the Investor's Capital Contribution. Except as set forth in this Section 9.2(a), the Placement Agent is not entitled to any other fee or reimbursement from the Fund.

Placement Agent and other Selling Commissions. (a) The Fund shall pay out of Fund Property to Ridgewood Securities Corporation or to any broker-dealer who effects affects the sale of one or more whole or fractional Shares, cash selling commissions in an aggregate amount equal to 8% of the base amount of each Capital Contribution. The base amounts are computed at the rate of $150,000 of Capital Contributions per Investor Share, without considering any discounts or waivers of fees. For serving as Placement Agent, Ridgewood Securities Corporation shall in addition be entitled to receive out of Fund Property a fee in an amount equal to 1% of each Capital Contribution. Such commissions payable on each Capital Contribution in respect of sales of Shares prior to the Termination Date and shall be due and payable promptly after the latest to occur of (i) acceptance by the Fund of an Investor's subscription, (ii) the Escrow Date, or (iii) the receipt by the Fund of the Investor's Capital Contribution. Except as set forth in this Section 9.2(a), the Placement Agent is not entitled to any other fee or reimbursement from the Fund.

Placement Agent and other Selling Commissions. (a) The Fund shall pay out of Fund Property to Ridgewood Securities Corporation or to any broker-dealer who effects the sale of one or more whole or fractional Shares, cash selling commissions in an aggregate amount equal to 8% of the base amount of each Capital Contribution. The base amounts are computed at the rate of $150,000 of Capital Contributions per Investor Share, without considering any discounts or waivers of fees. For serving as Placement Agent, Ridgewood Securities Corporation shall in addition be entitled to receive out of Fund Property a fee in an amount equal to 1% of each Capital Contribution. Such commissions payable on each Capital Contribution in respect of sales of Shares prior to the Termination Date and shall be due and payable promptly after the latest to occur of (i) acceptance by the Fund of an Investor's ’s subscription, (ii) the Escrow Date, or (iii) the receipt by the Fund of the Investor's ’s Capital Contribution. Except as set forth in this Section 9.2(a), the Placement Agent is not entitled to any other fee or reimbursement from the Fund.