Common use of Selling Commissions Clause in Contracts

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 9 contracts

Samples: Dealer Manager Agreement (NorthStar Healthcare Income, Inc.), Dealer Manager Agreement (NorthStar Healthcare Income Trust, Inc.), Dealer Manager Agreement (NorthStar Real Estate Income Trust, Inc.)

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Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 7 contracts

Samples: Escrow Agreement (TNP Strategic Retail Trust, Inc.), Participating Dealer Agreement (TNP Strategic Retail Trust, Inc.), Participating Dealer Agreement (TNP Strategic Retail Trust, Inc.)

Selling Commissions. Subject to any volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 4 contracts

Samples: Participating Dealer Agreement (CM REIT, Inc.), Participating Dealer Agreement (CM REIT, Inc.), Dealer Manager Agreement (CM REIT, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Primary Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 3 contracts

Samples: Dealer Agreement (NorthStar Real Estate Income II, Inc.), Dealer Agreement (NorthStar Real Estate Income II, Inc.), Dealer Agreement (NorthStar Real Estate Income II, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, all or a portion of which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investorinvestor related to the investment in the Company; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), ; or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 2 contracts

Samples: Dealer Manager Agreement (Moody National REIT II, Inc.), Participating Dealer Agreement (Moody National REIT II, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the an amount of up to 7.0% of the gross proceeds of the Primary Shares sold, all of which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Primary Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), ; or (iii) by an officer, director or employee of the Company, the Advisor, the Sub-Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP DRP Shares.

Appears in 2 contracts

Samples: Dealer Manager Agreement (NorthStar/RXR New York Metro Income, Inc.), Dealer Manager Agreement (NorthStar/RXR New York Metro Income, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP DRP Shares.

Appears in 2 contracts

Samples: Participating Dealer Agreement (NorthStar Healthcare Income, Inc.), Participating Dealer Agreement (NorthStar Healthcare Income, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company Fund will pay to the Dealer Manager selling commissions in the an amount of 7.0up to 6.0% of the gross proceeds selling price of the Primary Shares soldeach Class A Share for which a sale is completed, all of which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), ; or (iii) by an officer, director trustee or employee of the CompanyFund, the Advisor Adviser, the Sub-Adviser or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP distribution reinvestment plan (“DRP”) Shares. No selling commissions will be paid in connection with the sale of Class D Shares or Class I Shares.

Appears in 2 contracts

Samples: Northstar Corporate Income Fund (NorthStar Corporate Income Fund), NorthStar Global Corporate Income Fund

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Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of up to 7.0% of the gross proceeds of the Primary Shares sold, which commissions may be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 1 contract

Samples: Dealer Manager Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.06.5% of the gross proceeds of the Primary Shares sold, which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall may be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investorinvestor related to the investment in the Company; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 1 contract

Samples: Participating Dealer Agreement (Steadfast Secure Income REIT, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company Trust will pay to the Dealer Manager selling commissions in the an amount of 7.0up to 6.0% of the gross proceeds selling price of the Primary Shares soldeach Class A Share for which a sale is completed, all of which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investor; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family members), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representatives), ; or (iii) by an officer, director trustee or employee of the CompanyTrust, the Advisor, the Co-Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP distribution reinvestment plan (“DRP”) Shares. No selling commissions will be paid in connection with the sale of Class D Shares or Class I Shares.

Appears in 1 contract

Samples: Dealer Manager Agreement (NorthStar Real Estate Capital Income Fund)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.0% of the gross proceeds of the Primary Shares sold, which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investorinvestor related to the investment in the Company; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), ; or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 1 contract

Samples: Dealer Manager Agreement (Steadfast Apartment REIT, Inc.)

Selling Commissions. Subject to volume discounts and other special circumstances described in or otherwise provided in the “Plan of Distribution” section of the Prospectus or this Section 5.2, the Company will pay to the Dealer Manager selling commissions in the amount of 7.06.5% of the gross proceeds of the Primary Shares sold, which commissions may will be reallowed in whole or in part to the Participating Dealer who sold the Offered Shares giving rise to such commissions, as described more fully in the Participating Dealer Agreement entered into with such Participating Dealer; provided, however, that no commissions described in this clause (a) shall be payable in respect of the purchase of Primary Shares sold: (i) through an investment advisory representative affiliated with a Participating Dealer who is paid on a fee-for-service basis by the investorinvestor related to the investment in the Company; (ii) by a Participating Dealer (or such Participating Dealer’s registered representatives and their family membersrepresentative), in its individual capacity, or by a retirement plan of such Participating Dealer (or such Participating Dealer’s registered representativesrepresentative), or (iii) by an officer, director or employee of the Company, the Advisor or their respective affiliates. The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRIP Shares.

Appears in 1 contract

Samples: Dealer Agreement (Steadfast Income REIT, Inc.)

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