Net Origination Fees

Net Origination Fees. Shall mean the pro rata portion (based on the Trust's or its subsidiaries' investment as a percentage of the whole loan) of loan origination fees paid by a borrower or its affiliate in connection with the origination of each new loan owned in whole or part by the Trust or its subsidiary, net of certain fees and/or commissions paid to persons that are not Affiliates of the Advisors in respect of the origination of such loans. For the avoidance of doubt, Other Borrower-Paid Fees shall be excluded... from Net Origination Fees. View More