Brokerage Fee definition
Examples of Brokerage Fee in a sentence
Broker of Record Dalmore Group, LLC Brokerage Fee 1.00% of the purchase price for the Class A Shares sold in the Series’ Initial Offering, payable by the Managing Member from its assets Voting The holders of the Class A Shares may approve the sale of the Series Asset prior to the fifth anniversary of its acquisition by the Series, but if not sold by then the Series Asset must be sold in the sixth year following its acquisition.
In consideration for the issuance of the Class B Shares upon the formation of each Series, the Managing Member shall fund without reimbursement (a) all Abort Costs associated with an Offering of the Series that fails to be completed, and (b) the Brokerage Fee payable to the Broker upon a successful Closing of an Offering by the Series.