Examples of Class N Common Shares in a sentence
The Class N Common Shares (if required by law) shall also be entitled to notice of the time, place, and purpose of any meeting called to approve any merger or consolidation of the corporation, but shall have no voting rights in connection with such merger or consolidation of the corporation unless the Class N Common Shares would be adversely affected thereby.
The number of authorized Class N Common Shares shall be 300,000,000.
In the event of any liquidation, dissolution, or winding up of the corporation, whether voluntary or involuntary, the holders of the Common Stock and the Class N Common Shares shall be entitled to receive ratably, on a share for share basis without preference or distinction as between or among the Common Stock and the Class N Common Shares, all the remaining assets of the corporation.
With respect to the declaration and payment of dividends the Common Stock and the Class N Common Shares shall be treated equally, on a share for share basis, and dividends shall be declared and paid on the Common Stock and the Class N Common Shares without preference or distinction as between or among the Common Stock and the Class N Common Shares.
The effective date of the Plan is January 16, 2020, the date that the Private Placement of the Class N Common Shares commenced.
The holders of the Common Stock and the Class N Common Shares shall be entitled to receive dividends when and as declared by the Board of Directors, out of any funds of the corporation at the time legally available for the declaration of dividends.
Distributions shall be made with respect to the Class N Common Shares at the same time as those made with respect to the Class A Common Shares, Class B Common Shares, Class D Common Shares and Class T Common Shares.
Distributions shall be made with respect to the Class T2 Common Shares at the same time as those made with respect to the Class A Common Shares, Class I Common Shares, Class D Common Shares, Class N Common Shares, Class T Common Shares, Class S Common Shares, Class M-I Common Shares and Class Z Common Shares.
Prior to the date hereof, the Adviser or its Affiliate invested an aggregate of $20 million (the “Initial Investment”) in Class N Common Shares.
Following the Initial Public Offering Effective Date, the Adviser or its Affiliate must continue to hold at least $200,000 in Class N Common Shares while the Adviser or its Affiliate acts in an advisory capacity to the Company.