Class T Units definition

Class T Units means Class T units of the Operating Partnership.
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Class T Units means the traded Class T Units of the Fund;
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Class T Units and collectively, the “Common Units”) offered to the public in the primary offering (the “Primary Units”)1, and (ii) up to $200 million of Class A Units ($9.30 per unit) offered pursuant to the distribution reinvestment plan (the “DRIP Units” and, together with the Primary Units, the “Units”) commencing on the Effective Date (as defined below). Notwithstanding the foregoing, the Partnership has reserved the right to reallocate the Units between Class A Units and Class T Units and between the Primary Units and the DRIP Units. If the Partnership changes the offering price as described in a post-effective amendment, the per unit purchase price for the Primary Units and DRIP Units will vary and shall be equal to the applicable per unit price, solely with respect to the Primary Units, applicable Selling Commissions and Dealer Manager Fees, in each case to be paid pursuant to the Dealer Manager Agreement. Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings therefor as in the Dealer Manager Agreement. In connection with the performance of the Dealer Manager’s obligations under Section 3 of the Dealer Manager Agreement, the Dealer Manager is authorized to retain the services of securities dealers (each a “Soliciting Dealer,” and collectively the “Soliciting Dealers”) who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) to solicit subscriptions for Units in connection with the Offering. You are hereby invited to become a Soliciting Dealer and, as such, to use your best efforts to solicit subscribers for Units, in accordance with the following terms and conditions of this Soliciting Dealer Agreement (this “Agreement”). This Agreement shall become effective and binding with respect to the parties hereto on the date set forth on Soliciting Dealer’s signature page hereto.
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Examples of Class T Units in a sentence

  • For the purposes of the switch, we may waive in whole or in part the subscription fee for the new units and/or the Realisation Fee (if any).Other salient terms:• Switches will be at our discretion.• You may switch into Class B Units, Class T Units and Class Z Units of a Sub-Fund only with our prior written approval.

  • For the purposes of the switch, we may waive in whole or in part the subscription fee for the new units and/or the realisation fee (if any).Other salient terms:• Switches will be at our discretion.• You may switch into Class B Units, Class T Units, Class U Units and Class Z Units of a Fund only with our prior written approval.

  • The Class M Units are designated in Euro.Class T Units: There is no minimum initial subscription amount and no minimum subsequent subscription amount for Class T Units.

  • This prospectus also qualifies the grant of the Over-Allotment Option and the distribution of the Class T Units issuable on the exercise of the Over-Allotment Option.

  • The Trustee will apply Transfer Amounts to acquire Class T Units in the Constituent Funds in accordance with the instructions of the Member on a Valuation Date, normally within 5 Business Days of receipt of such amounts in cleared funds (together with appropriate supporting documentation) and in any event within 20 Business Days of such receipt.

  • Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate and Class W Units will automatically convert to Class I Units at the Class W Conversion Rate.

  • A purchaser who acquires Class T Units forming part of the over-allocation position acquires those Class T Units under this prospectus, regardless of whether the over-allocation position is ultimately filled through the exercise of the Over-Allotment Option or secondary market purchases.

  • As of the date of this Annual Information Form, all convertible Class A Units of the Fund have been converted into Class T Units of the Fund.

  • In total, the Fund has issued 4,113,450 Units.The Fund’s Class T Units are listed on the Toronto Stock Exchange (“TSX”) under the ticker symbol CBT.UN.

  • In addition, the Manager will pay to the Agents for a period of time annual deferred compensation equal to (i) 0.40% of the NAV (as defined herein), and (ii) 1.32% of the aggregate net asset value of all Class T Units that are purchased and cancelled by the Fund during the year under the mandatory market purchase program, until the aggregate amount of such fees equals 1.50% of the gross proceeds of the Offering.


More Definitions of Class T Units

Class T Units means the Class T Units of Pla-Fit as defined in the Existing LLC Agreement.
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Related to Class T Units

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Units means the Class B Units of the Company.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Interests As set forth in the Trust Agreement.

  • Common Units is defined in the Partnership Agreement.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Class A Stock means the Company's Class A Common Stock, par value $0.01 per share.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Trust Units means units of the Trust;

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class C Units means the Class C Units of the Company.

  • Series B Preferred Units shall have the meaning provided in Section 1.