Stockholder Servicing Fee Clause Samples
Stockholder Servicing Fee. (i) Except as may be disclosed in the section of the Prospectus titled “Plan of Distribution,” the Company will pay to the Dealer Manager a stockholder servicing fee (the “Stockholder Servicing Fee”) with respect to each outstanding Class K-T Share sold in the Primary Offering in an amount equal to 1.0%, annualized, of the most recent estimated net asset value (“NAV”) per Class K-T Share on a continuous basis from year to year. The Stockholder Servicing Fee accrues daily (in an amount equal to 1/365th of the applicable 1.0% value) and is payable to the Dealer Manager on a monthly basis in arrears. No Stockholder Servicing Fee will be paid with respect to Class K-T Shares that are DRIP Shares or Class K-T Shares sold to the Advisor, or its affiliates. The Dealer Manager may reallow all or a portion of the Stockholder Servicing Fee to the Participating Broker-Dealers who sold the Class K-T Shares giving rise to a portion of such Stockholder Servicing Fee, to the extent the Participating Broker-Dealer Agreement with such Participating Broker-Dealer provides for such a reallowance and such Participating Broker-Dealer is in compliance with the terms of such Participating Broker-Dealer Agreement related to such reallowance. The terms of the Dealer Manager’s reallowance of Stockholder Servicing Fee to a particular Participating Broker-Dealer shall be as set forth in Schedule 1 to the Participating Broker-Dealer Agreement with such Participating Broker-Dealer.
(ii) The Company will cease paying the Stockholder Servicing Fee with respect to all outstanding Class K-T Shares sold in the Primary Offering at the earlier of: (i) the end of the month in which the Company’s transfer agent, on the Company’s behalf, determines that the aggregate underwriting compensation (as defined in accordance with applicable FINRA Rules) paid from all sources in connection with the Offering equals 10% of the gross proceeds from the sale of Offered Shares in the Primary Offering, (ii) the listing of the Class K-I Shares, Class K Shares or Class K-T Shares (or any other class or series of the Company’s stock) on a national securities exchange, or (iii) the merger or consolidation of the Company or the sale of all or substantially all of the Company’s assets. Without limitation of the foregoing, the Company will cease paying the Stockholder Servicing Fee with respect to any individual outstanding Class K-T Share sold in the Primary Offering at the earlier of: (i) the end of the month in wh...
Stockholder Servicing Fee. From and after the sale by Participating Dealer of Class T Shares sold as Primary Shares hereunder and as compensation for providing the services described in Section IV(b) of this Participating Dealer Agreement, the Dealer Manager will reallow to Participating Dealer during the term of the Participating Dealer Agreement a portion of the Stockholder Servicing Fee with respect to such Class T Shares that shall be calculated daily and paid monthly. For each day during the applicable calendar quarter for which the Stockholder Servicing Fee is calculated, the Stockholder Servicing Fee reallowed to Participating Dealer shall equal for Class T Shares (A) [100]% multiplied by (B)(i) 1/365th of 1.00% of the Class T Share NAV, multiplied by (ii) the percentage equal to the number of Class T Shares sold by Participating Dealer that are outstanding on such day divided by the total number of Class T Shares outstanding on such day. C.
Stockholder Servicing Fee. Selected Dealer’s annual Stockholder Servicing Fee applicable to the total number of Offered Shares sold by Selected Dealer and confirmed by the Company will be the percentage of the aggregate NAV for such Offered Shares set forth below: Class D Shares: 0.30% ____ Class M Shares: 0.30% ____ Class S Shares: 0.85% ____ Class T Shares: 0.85% (0.65% advisor / 0.20% dealer unless otherwise noted below) Class T Stockholder Servicing Fee Split Reporting Request (optional)* ____ 0.65% advisor / 0.20% dealer ____ 0.68% advisor / 0.17% dealer ____ Other *Reporting made available through IDC (as referenced in schedule 2) and will be provided to Select Dealer on a best efforts basis. 8.75% ____
Stockholder Servicing Fee. Selected Dealer’s annual Stockholder Servicing Fee applicable to the total number of Offered Shares sold by Selected Dealer and confirmed by the Company will be the percentage of the aggregate NAV for such Offered Shares set forth below: Class D Shares: 0.30% Class M Shares: 0.30% Class S Shares: 0.85% Class T Shares: 0.85% (0.65% advisor / 0.20% dealer unless otherwise noted below) Class T Stockholder Servicing Fee Split Reporting Request (optional)*
Stockholder Servicing Fee. The Advisor or its affiliates other than the Company will pay the Dealer Manager a stockholder servicing fee equal to: (i) 1/365th of up to 0.5% of the NAV per Class D Share sold by the Dealer Manager in the Primary Offering, up to a maximum of 2.5% in the aggregate (the “Class D Stockholder Servicing Fee”); and (ii) 1/365th of up to 1.0% of the NAV per Class T Share sold by the Dealer Manager in the Primary Offering, up to a maximum of 3.0% in the
Stockholder Servicing Fee. The stockholder servicing fee payable to the Dealer Manager for serving as dealer manager for an Offering as described in the Prospectus or Private Placement Memorandum for such Offering.