Class B Conversion Rate definition

Class B Conversion Rate means the lesser of: (a) the quotient obtained by dividing (i) the sum of the Class B Stated Liquidation Preference plus the amount of any accumulated and unpaid distributions on the Class B Preferred Units to, but not including, the Class B Change of Control Conversion Date (unless the Class B Change of Control Conversion Date is after a Class B Distribution Record Date and prior to the corresponding Class B Distribution Payment Date, in which case no accumulated and unpaid Class B Preferred Unit Distribution will be included in this sum) by (ii) the Common Unit Price with respect to the Class B Preferred Units; and (b) the Class B Unit Cap, subject to adjustments of the Common Unit Price with respect to the Class B Preferred Units and the Class B Unit Cap as the General Partner determines to be equitable in view of any splits, combinations or distributions in the form of equity issuances or the payment of any Class B Alternative Conversion Consideration to the holders of the Common Units in connection with the Class B Change of Control.

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

Class B Conversion Rate means a number of Common Units equal to the quotient of (i) the Class B Preferred Unit Price divided by (ii) the Class B Conversion Price.

Examples of Class B Conversion Rate in a sentence

• For purposes of this calculation, the initial Class B Conversion Rate of 1.0 (i.e., one Common Unit for each Class B Convertible Unit) was used, although the Class B Conversion Rate may vary.

• Adopting this view to account for the K˜ısêdjê facts makes it possible to avoid problems an account in terms of feature spreading (Gafos & Lombardi 2000, Kawahara 2004, 2007) would face.

• For purposes of the Conversion Rights, the Class B Conversion Rate shall initially and immediately following the Reverse Stock Split be equal to one (1), subject to further adjustment as may be required pursuant to subsections 4(e), (f), (g) and (h) of this Article V.

• 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 B Units will automatically convert to Class I Units at the Class B Conversion Rate.

• The above statement should be read in conjunction with Significant Accounting Policies and Notes to Restated Financial Statements as appearing in “ Note 28 Financial Information” beginning on page no.

More Definitions of Class B Conversion Rate

Class B Conversion Rate means one Common Unit issuable upon the conversion of each Class B Unit, as such number of Common Units may be adjusted as set forth in Section 4.10(b)(vi)(E).

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

Class B Conversion Rate means the ratio at which Class B Shares are converted into Ordinary Shares, which shall initially be one (1) Class B Share 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 B Conversion Rate means, for each share of Capital Stock of the Corporation that is convertible at the Class B Conversion Rate, one fully paid and non-assessable share of Class B 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 B Common Stock into a greater number of shares, the Class B Conversion Rate in effect immediately prior to such subdivision shall be proportionately increased, and, conversely, in case the outstanding shares of Class B Common Stock shall be combined into a smaller number of shares, the Class B Conversion Rate in effect immediately prior to such combination shall be proportionately reduced.

Class B 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 B Investment Amount (defined in 13.

Class B Conversion Rate has the meaning set forth in Article 30.6.

Class B Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class B Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class B Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class B Unit as provided in this Agreement. “Class C Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class C Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class C REIT Shares” means the REIT Shares referred to as “Class C” shares in the Charter. “Class C Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class C Unit as provided in this Agreement.