Common use of Property Disposition Fee Clause in Contracts

Property Disposition Fee. The Advisor or its Affiliates shall receive an amount equal to up to one-half of the brokerage commission (the “Property Disposition Fee”) paid on the sale of property, not to exceed 3% of the contract price of each property sold; provided, however, in no event may the real estate commissions paid to our advisor, its affiliates and unaffiliated third parties exceed 6% of the contract sales price.

Appears in 3 contracts

Sources: Advisory Agreement (American Realty Capital Trust, Inc.), Advisory Agreement (American Realty Capital Trust, Inc.), Advisory Agreement (American Realty Capital Trust, Inc.)

Property Disposition Fee. The Advisor or its Affiliates shall receive an amount equal to up to one-half of the brokerage commission (the “Property Disposition Fee”) paid on the sale of property, not to exceed 3% of the contract price of each property sold; provided, however, in no event may the real estate commissions paid to our advisorAdvisor, its affiliates Affiliates and unaffiliated third parties exceed 6% of the contract sales price.

Appears in 1 contract

Sources: Advisory Agreement (American Realty Capital Trust, Inc.)