Common use of Syndication Fee Clause in Contracts

Syndication Fee. (a) In consideration of advice to the Companies relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of shares of the Fund's common shares of beneficial interest, par value $0.01 (the "Shares"), including without limitation, securing syndicate participants for the Fund's initial public offering (the "Offering"), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, each of the Advisor and Sub-Advisor, severally and not jointly, shall pay a fee to Morgan Stanley equal to $[_____] (thx "Xxxdxxxxxxx Fee"), $[ ] of which will be paid by the Adviser, and $[ ] of which will be paid by the Sub-Adviser. The Syndication Fee paid to Morgan Stanley shall not exceed [__]% xx xhx xxxxx price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Morgan Stanley will not receive any xxxx xnxxx xxxs Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Morgan Stanley pursuant to the terms xx xxe xxxxxxpal underwriting agreement relating to the Offering (the "Underwriting Agreement").

Syndication Fee. (a) In consideration of advice to the Companies relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of shares of the Fund's common shares of beneficial interest, par value $0.01 (the "Shares"), including without limitation, securing syndicate participants for the Fund's initial public offering (the "Offering"), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, each of the Advisor and Sub-Advisor, severally and not jointly, shall pay a fee to Morgan Stanley equal to $[_____[ ] (thx xxx "Xxxdxxxxxxx Xxxxxxation Fee"), $[ ] of which will be paid by the AdviserAdvisor, and $[ ] of which will be paid by the Sub-AdviserAdvisor. The Syndication Fee paid to Morgan Stanley shall not exceed [__exxxxx [ ]% xx xhx xxxxx xhe total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Morgan Stanley will not receive any recxxxx xnx xxxx xnxxx xxxs under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Morgan Stanley pursuant to the terms xxx xxrxx xx xxe xxxxxxpal xhe principal underwriting agreement relating to the Offering (the "Underwriting Agreement").

Syndication Fee. (a) In consideration of advice to the Companies relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of shares of the Fund's common shares of beneficial interest, par value $0.01 (the "Shares"), including without limitation, securing syndicate participants for the Fund's initial public offering (the "Offering"), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, each of the Advisor and Sub-Advisor, severally and not jointly, shall pay a fee to Morgan Stanley equal to $[_____$ [ ] (thx xxe "Xxxdxxxxxxx Xxxxxcation Fee"), $[ ] of which will be paid by the AdviserAdvisor, and $[ ] of which will be paid by the Sub-AdviserAdvisor. The Syndication Fee paid to Morgan Stanley shall not exceed [__exxxxx 0.[ ]% xx xhx xxxxx the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Morgan Stanley will not receive any recxxxx xnx xxxx xnxxx xxxs under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Morgan Stanley pursuant to the terms xxx xxrxx xx xxe xxxxxxpal xhe principal underwriting agreement relating to the Offering (the "Underwriting Agreement").

Syndication Fee. (a) In consideration of advice to the Companies relating to, but not limited to, syndication assistance with respect to the Fund and the distribution of shares of the Fund's common shares of beneficial interest, par value $0.01 (the "Shares"), including without limitation, securing syndicate participants for the Fund's initial public offering (the "Offering"), preparation of marketing and diligence materials for underwriters, conveying information and market updates to syndicate members and coordinating syndicate orders during the Offering, each of the Advisor and Sub-Advisor, severally and not jointly, shall pay a fee to Morgan Stanley equal to $[_____[ ] (thx xxx "Xxxdxxxxxxx Xxxxxxation Fee"), $[ ] of which will be paid by the AdviserAdvisor, and $[ ] of which will be paid by the Sub-AdviserAdvisor. The Syndication Fee paid to Morgan Stanley shall not exceed [__exxxxx 0.[ ]% xx xhx xxxxx the total price to the public of the Shares sold by the Fund in the Offering. In the event the Offering does not proceed, Morgan Stanley will not receive any recxxxx xnx xxxx xnxxx xxxs under this Agreement; however, for the avoidance of doubt, accountable expenses actually incurred may be payable to Morgan Stanley pursuant to the terms xxx xxrxx xx xxe xxxxxxpal xhe principal underwriting agreement relating to the Offering (the "Underwriting Agreement").