Sourcing Fee means the sourcing fee which is paid to the Asset Manager as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion.
Sourcing Fee means the sourcing fee which is paid to the Managing Member or its Affiliate as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion. For Empire Series and City Park Quad (Columbus) Series, the Sourcing Fee is $5,350 for each not to exceed 1.0% of the Offering unless waived in whole or in part by the Managing Member.
Sourcing Fee means a percentage of Par equal to one (1) basis point, or .01%; provided, however, that such Sourcing Fee shall be increased to two basis points, or .02%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was greater than three (3) calendar days.
Examples of Sourcing Fee in a sentence
Section 6.1 Cost to acquire the Series Asset; Brokerage Fee; Offering Expenses; Acquisition Expenses; Sourcing Fee.
Any Brokerage Fee, Offering Expenses, Acquisition Expenses, Sourcing Fee and Operating Expenses shall be allocated by the Managing Member in accordance with the Allocation Policy.
More Definitions of Sourcing Fee
Sourcing Fee has the meaning assigned to such term in Section 6.1.
Sourcing Fee means a fee payable to the Managing Member for identifying a Series Property and its efforts to evaluate a Series Property, which fee will equal an amount of up to 10% of the gross offering proceeds of any applicable Initial Offering or Subsequent Offering in which Company raises capital for the purpose of a Series acquiring a Series Property.
Sourcing Fee means a percentage of Par equal to three (3) basis points, or .03%; provided, however, that such Sourcing Fee may be reduced by the Service Provider to (i) two and one-half basis points, or .025%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was less than three (3) calendar days and equal to or greater than two and one-half (2.5) calendar days, or (ii) two basis points, or .02%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was less than two and one-half (2.5) calendar days, in either case only to the extent the reduction in the average Dwell Time was the result of the Company’s projected capital needs; and provided further, that such Sourcing Fee shall be increased to three and one-half basis points, or .035%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was greater than five and one-half (5.5) calendar days.
Sourcing Fee means the sourcing fee paid to the Asset Manager by the Investor Members in a particular Series equal to six percent (6%) of the Purchase Price of the Artwork acquired by such Series. SP means a segregated portfolio established by Xxxxxx to own a specific Artwork. Subscription Agreement means the agreement to be executed by each Investor Member (i) reconfirming, among other matters, the representations and warranties made in its Auction Agreement, including Accredited Investor status, and (ii) confirming its agreement (A) to accept the Class A Shares allotted to the Investor Member upon funding its Capital Contribution associated with its Winning Bid, and (B) to be bound by the terms of this Agreement.
Sourcing Fee shall have the meaning set forth in Section 6.10 herein.
Sourcing Fee means $100,000 to be paid to Kyle Williams pursuant xx xxxx Xxxxxment.
Sourcing Fee means $100,000 to be paid to Xxxx Xxxxxxxx pursuant to this Agreement.