Common use of Exit Fees Clause in Contracts

Exit Fees. Exit fees payable by the Company to the Manager of 2.0% of the Company’s Total Capitalization at the time of a sale of the Company to another company (including a company Affiliated with or sponsored or managed by the Sponsor or its Affiliates) or merger of the Company with or into another company (including a company Affiliated with or sponsored or managed by the Sponsor or its Affiliates), to be paid in cash; provided, however, that no such fee will be paid to the Manager if the net proceeds to Members results in a Share Price Loss.