Class S Common Shares definition

Class S Common Shares shall have the meaning set forth in the Charter.

Class S Common Shares means Class S Common Shares of the Trust.

Class S Common Shares shall have the meaning set forth in the Declaration of Trust.

Examples of Class S Common Shares in a sentence

• Immediately before any liquidation, dissolution or winding up, or any distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class T Common Shares will automatically convert to Class I Common Shares at the Class T Conversion Rate, Class S Common Shares will automatically convert to Class I Common Shares at the Class S Conversion Rate and Class D Common Shares will automatically convert to Class I Common Shares at the Class D Conversion Rate.

• Immediately before any voluntary or involuntary liquidation, dissolution or winding up, or any Distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class S Common Shares will automatically be converted to Class I Common Shares at the Class S Conversion Rate, and Class D Common Shares will automatically be converted to Class I Common Shares at the Class D Conversion Rate.

• Subject to certain individual state requirements and except with respect to the issuance of Common Shares under the Reinvestment Plan, no initial sale or transfer of Class S Common Shares, Class D Common Shares, Class F-S Common Shares or Class F-D Common Shares for value of less than $2,500 or Class I Common Shares or Class F-I Common Shares for value of less than $1,000,000, or such other amounts as determined by the Board, will be permitted.

• Subject to certain individual state requirements and except with respect to the issuance of Common Shares under the Reinvestment Plan, no transfer of Class S Common Shares, Class D Common Shares,Class F-S Common Shares or Class F-D Common Shares for value of less than $2,500 or Class I Common Shares or Class F-I Common Shares for value of less than $1,000,000, or such other amounts as determined by the Board, will be permitted.

• Until a Listing has occurred, a prospective purchaser of Class S Common Shares in an Offering must represent to the Corporation that the applicable suitability standards set forth in the applicable Prospectus have been satisfied.

• Distributions shall be made with respect to the Class M-I 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 T2 Common Shares, Class S Common Shares and Class Z Common Shares.

• Distributions shall be made with respect to the Class Z 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 T2 Common Shares, Class S Common Shares and Class M-I Common Shares.

• Distributions shall be made with respect to the Class S 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 T2 Common Shares, Class M-I Common Shares and Class Z Common Shares.

• The holders of Class S Common Shares shall have exclusive voting rights on any amendment to the Charter (including the terms of the Class S Common Shares set forth herein) that would alter only the contract rights of the Class S Common Shares and no holders of any other class or series of Shares shall be entitled to vote thereon.

• The number of authorized Class S Common Shares shall be 200,000,000.

More Definitions of Class S Common Shares

Class S Common Shares shall have the meaning as provided in Section 5.1 herein.

Class S Common Shares shall have the meaning set forth in the Charter. “Class T Common Shares” shall have the meaning set forth in the Charter. “Code” shall mean the Internal Revenue Code of 1986, as amended. “Commencement Date” shall mean the date on which the Company breaks escrow for its initial Offering. “Company” shall have the meaning set forth in the preamble of this Agreement. “Company Management Fee” shall have the meaning set forth in Section 10(a). “Director” shall mean a member of the Board. “Distributions” shall have the meaning set forth in the Charter. “Effective Date” shall have the meaning set forth in the preamble of this Agreement. “Excess Amount” shall have the meaning set forth in Section 13. “Exchange Act” shall have the meaning set forth in the Charter. “Expense Year” shall have the meaning set forth in Section 13. “GAAP” shall mean generally accepted accounting principles as in effect in the United States of America from time to time. “Gross Proceeds” shall mean the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Selling Commissions. The purchase price of any Class T Common Share or Class S Common Share shall be deemed to be the full, non-discounted offering price at the time of purchase of each such Class T Common Share or Class S Common Share.