Class A Conversion Rate definition

Class A Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class A Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit.

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Class A Conversion Rate means a number of Common Units, rounded down to the nearest whole number, equal to the quotient of (a) the Class A Preferred Unit Price divided by (b) the Class A Conversion Price.

Class A Conversion Rate means a fraction, the numerator of which is the net asset value of the Trust allocable to the Class A Common Shares determined as described in the Class A PPM, divided by the number of outstanding Class A Common Shares, and the denominator of which is the net asset value of the Trust allocable to the Class I Common Shares determined as described in the Class A PPM, divided by the number of outstanding Class I Common Shares immediately prior to the Conversion Event.

Examples of Class A Conversion Rate in a sentence

• Each Class A Preferred Unit converted into Common Units pursuant to this Section 5.12(d)(i) shall be converted into a number of Common Units equal to the Class A Conversion Rate then in effect.

• Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate, Class S Units will automatically convert to Class I Units at the Class S Conversion Rate, Class D Units will automatically convert to Class I Units at the Class D Conversion Rate and Class A Units will automatically convert to Class I Units at the Class A Conversion Rate.

• Immediately before liquidation of the Partnership, Class A Units will automatically convert to Class I Units at the Class A Conversion Rate, Class E Units will automatically convert to Class I Units at the Class E Conversion Rate and Class F Units will automatically convert to Class I Units at the Class F Conversion Rate.

• Immediately before liquidation of the Partnership, Class A Units will automatically convert to Class M-I Units at the Class A Conversion Rate, Class A-I Units will automatically convert to Class M-I Units at the Class A-I Conversion Rate, Class M Units will automatically convert to Class M-I Units at the Class M Conversion Rate and Class D Units will automatically convert to Class M-I Units at the Class D Conversion Rate.

• In each case of an adjustment or readjustment of the Applicable Class A Conversion Rate after the final closing of the offering of Class A Stock, this corporation, at its expense, will furnish each holder of shares of Class A Stock with a certificate, prepared by its President or Chief Financial Officer, showing such adjustment or readjustment, and stating in detail the facts upon which such adjustment or readjustment is based.

More Definitions of Class A Conversion Rate

Class A Conversion Rate means, as adjusted pursuant to Section 5.12(b)(iv)(F), the quotient of (a) the sum of (i) the Class A Issue Price, plus (ii) any Class A Unpaid Distributions on the applicable Class A Preferred Unit, divided by (b) the Class A Issue Price.

Class A Conversion Rate means the fraction, the numerator of which is the Class A NAV Per Share and the denominator of which is the NAV per share of the class of Common Stock that the Class A share of Common Stock is being converted into.

Class A Conversion Rate has the meaning specified in Section 14.1 hereof.

Class A Conversion Rate means the ratio at which Class A Shares are converted into Ordinary Shares which shall be ten (10) Class A Shares for one (1) Ordinary Share, subject to such adjustments as may be made from time to time in accordance with this Agreement and the Articles;

Class A Conversion Rate means the fraction, the numerator of which is the Class A NAV Per Share and the denominator of which is the Class I NAV Per Share.

Class A Conversion Rate means the number (calculated to the third decimal place, and the digit in the third decimal place will be omitted) obtained by dividing the Class A Investment Amount (defined in 13.(2) below; hereinafter the same) at that time by the Class A Conversion Price (defined in 15.(4) below; hereinafter the same).

Class A Conversion Rate means, for each share of Capital Stock of the Corporation that is convertible at the Class A Conversion Rate, one fully paid and non-assessable share of Class A Common Stock of the Corporation. In case the Corporation shall at any time subdivide (by any stock split, stock dividend or otherwise) its