Examples of Class A Share in a sentence
For the purposes of a Special Resolution to be passed pursuant to this Article, a holder of Class B Shares shall have ten votes for every Class B Share of which he is the holder and a holder of Class A Shares shall have one vote for every Class A Share of which he is the holder.
Each Class B Share of the Fund shall be converted automatically, and without any action or choice on the part of the Shareholder thereof, into Class A Share of the Fund at such times and pursuant to such terms, conditions and restrictions as may be established by the Trustees and as set forth in the Fund's Prospectus.
Each Class A Shareholder shall be entitled to cast one vote for each Class A Share held at the record date for the determination of shareholders entitled to vote on any matter.
Pursuant to the OP Agreement, the OP Units may be redeemed, at the request of the holder of such OP Units, for a determinable amount in cash or, at the option of the Issuer, Class A Shares at the rate of one Class A Share for each OP Unit redeemed.
Class A Shares retracted on a monthly Retraction Date receive a retraction price per Class A Share equal to 96% of the difference between the NAV per Unit and the cost to the Company of the purchase of a Preferred Share for cancellation.