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

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

AutoNDA by SimpleDocs

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

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!