Common use of Dealers’ Commissions Clause in Contracts

Dealers’ Commissions. The Dealer's compensation for the offering and sale of Units will be sales commissions of up to three and one half percent (3.5%), marketing incentive fees of up to one half of one percent (0.5%) and reimbursement of accountable expenses of up to one-half of one percent (0.5%) of gross proceeds of the offering. For these purposes, a "sale of Units" shall occur if and only if a transaction has closed with a purchaser of Units pursuant to all applicable offering and subscription documents and the Fund has thereafter distributed the commission to the Underwriter in connection with such transaction. The Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Underwriter is in receipt of the commission from the Fund. The Dealer affirms that the Underwriter's liability for commissions payable is limited solely to the proceeds of commissions receivable associated therewith.

Dealers’ Commissions. The Dealer's compensation for the offering and sale of Units will be sales commissions of up to three and one half percent (3.53%), marketing incentive fees of up to one half of one percent (0.5%) and reimbursement of accountable expenses of up to one-half of one percent (0.5%) of gross proceeds of the offering. For these purposes, a "sale of Units" shall occur if and only if a transaction has closed with a purchaser of Units pursuant to all applicable offering and subscription documents and the Fund Company has thereafter distributed the commission to the Underwriter Dealer Manager in connection with such transaction. The Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Underwriter Dealer Manager is in receipt of the commission from the FundCompany. The Dealer affirms that the UnderwriterDealer Manager's liability for commissions payable is limited solely to the proceeds of commissions receivable associated therewith.

Dealers’ Commissions. The Dealer's compensation for the offering and sale of Units Certificates will be sales commissions of up to three and one half percent (3.5%), marketing incentive fees of up to one half of one percent (0.5%) and reimbursement of accountable expenses of up to one-half of one percent (0.5%) of gross proceeds of the offering. For these purposes, a "sale of UnitsCertificates" shall occur if and only if a transaction has closed with a purchaser of Units Certificates pursuant to all applicable offering and subscription documents and the Fund has thereafter distributed the commission to the Underwriter Dealer Manager in connection with such transaction. The Dealer hereby waives any and all rights to receive payment of commissions due until such time as the Underwriter Dealer Manager is in receipt of the commission from the Fund. The Dealer affirms that the UnderwriterDealer Manager's liability for commissions payable is limited solely to the proceeds of commissions receivable associated therewith.