8.2. SR 09-08-2020 - Laserfiche WebLink

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COMMISSION SCHEDULE SALE COMMISSION SCHEDULE: If Owner executes any purchase agreement or other contract concerning the sale of all or any portion of the Property during the term of this Agreement, or enters into such an agreement during the. Protective Period with a person or entity described in Section 4 hereof, Owner will pay Broker a sale commission ("Sale Commission") in an amount determined as follows= S% of sales price at closing if direct. 610/6 of sales price at closing if a co -broker Is involved. Any co -broker will receive 2.75% of the commission total as listing agent will incur marketing costs. See "Other Terms" on the first page Such Sale Commission shall be payable upon Owner's consummation of any "Sale" transaction. As used herein, the term "Sale" shall include any transaction involving a voluntary conveyance and disposition of the Property by Owner including without limitation, a like -kind exchange transaction under § 1031 of the Internal Revenue Code, any transaction in which the Property is contributed by Owner as capital to a partnerships. Corporation, limited liability company or other investment entity, acquisition of the Property by a public authority in eminent domain proceedings or b deed in lieu thereof, or if Owner is a business entity, the transfer b merger, .. p ty � F g Y tyt Y � r acquisition or otherwise of the equity interest in Owner in lieu of a conveyance of the Property. j If Owner grants an option or options to sell all or any portion of the Property during the term of this Agreement or grants such an option during the Protective Period to a person or entity described. in Section 4 hereof, a Sale Commission in the amount determined as follows shall be paid: 5% of sales price at closing if direct. 6% of sales price at closing if a co-4roker is involved. Any co- [� broker will receive 2,75% of the commission total. 13