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, 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.
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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.
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Examples of Class A Conversion Rate in a sentence

  • The Class A Conversion Rate shall entitle the holder of Class A Common Stock to convert such shares into that number of shares of Common Stock equal to the product of (x) the number of shares of Class A Common Stock held by such holder, multiplied by (y) the Class A Conversion Rate.

  • Notwithstanding anything in this Agreement to the contrary, whenever the issuance of Partnership Securities or another event would require an adjustment to the Class A Conversion Rate under one or more provisions of this Agreement, only one adjustment shall be made to the Class A Conversion Rate in respect of such issuance or event.

  • 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.

  • 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.

  • 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.


More Definitions of Class A Conversion Rate

Class A Conversion Rate has the meaning specified in Section 14.1 hereof.
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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;
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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.
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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.(3) below; hereinafter the same).
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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
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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 outstanding shares of Class A Common Stock into a greater number of shares, the Class A Conversion Rate in effect immediately prior to such subdivision shall be proportionately increased, and, conversely, in case the outstanding shares of Class A Common Stock shall be combined into a smaller number of shares, the Class A Conversion Rate in effect immediately prior to such combination shall be proportionately reduced.
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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
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