Acquisition Fee. Any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including
the Paladin Acquisition Fee (as defined in Section 8(a)) and any
other fees or commissions paid by or to any Affiliate of the
Fund Company or the Advisor) in connection with
the making or investing in mortgage loans or the purchase, development or construction of any
property Property. Included in the computation of such fees or
other Real Estate Asset, including, without... limitation, commissions shall be any real estate commissions, Development Fees and Construction Fees (except as provided in the following sentence), acquisition fees, finder's fees, selection fees, development fees, construction fees, nonrecurring management fees, loan fees, points, or any other fees or commissions of a similar nature. Excluded shall be all Development Fees or Construction Fees development fees and construction fees paid to any Person or entity Persons not affiliated Affiliated with the Sponsor or Advisor in connection with the actual development and construction of any property or other Real Estate Asset. a Property.
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Acquisition Fee. Any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including
the Paladin Acquisition Fee (as defined in Section 8(a)) and any
other fees or commissions paid by or to any Affiliate of the
Fund Company or the Advisor) in connection with the
making or investing in mortgage loans or the purchase,
origination, development or construction of
any property or other Real Estate an Asset, including, without limitation, real estate commissions,
selection fees, Development Fees
and (as such term is defined in the NASAA Guidelines), Construction Fees
(except as provided (as such term is defined in the
following sentence), selection fees, nonrecurring NASAA Guidelines), non-recurring management fees, loan fees,
points, points or any other fees
or commissions of a similar
nature. nature, however designated. Excluded shall be
all Development Fees
or and Construction Fees paid to any Person
or entity not affiliated with the Sponsor
or Advisor in connection with the actual development and construction of any
property or other Real Estate Asset. Property.
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Acquisition Fee.
Any Shall mean any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including
the Paladin Acquisition Fee (as defined in Section 8(a)) and any
other fees or commissions paid by or to any Affiliate of the
Fund Company or the
Advisor) Adviser) in connection with
the making or investing in
mortgage loans Mortgages or Real Estate-Related Securities or the purchase, development or construction of
any property or other Real Estate Asset,... including, without limitation, a Property, including real estate commissions, Development Fees and Construction Fees (except as provided in the following sentence), selection fees, development fees, construction fees, nonrecurring management fees, loan fees, points, points or any other fees or commissions of a similar nature. Excluded shall be all Development Fees or Construction Fees development fees and construction fees paid to any Person or entity not affiliated with the Sponsor or Advisor Morgan Stanley in connection with the actual development and construction of any property or other Real Estate Asset. a project. 1
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