Placement Fee. The Manager may, in its sole discretion, pay up to ten percent (10%) of the funds procured by a Financial Advisor to said Financial Advisor (the “Placement Fee”). For purposes of this section, a Financial Advisor is a (i) licensed attorney in connection with his/her representation of an investing client, (ii) licensed Investment Advisor under the Investment Advisor Act of 1940, as amended, or (iii) licensed securities broker or agent holding licenses from FINRA and the Securities and Exchange Commission.
Appears in 5 contracts
Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)
Placement Fee. The Manager may, in its sole discretion, pay up to ten eight percent (108.0%) of the funds procured by a Gross Proceeds to Financial Advisor to said Financial Advisor Advisors (the “Placement Fee”). For purposes of this sectionSection, a Financial Advisor is a (i) licensed attorney in connection with his/her representation of an investing client, (ii) a licensed Investment Advisor under the Investment Advisor Act of 1940, as amended, or (iii) a licensed securities broker or agent holding licenses from FINRA and the Securities and Exchange Commission.
Appears in 1 contract
Samples: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)
