Primary Shares definition

Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Company in its treasury.

Primary Shares has the meaning set forth in Section 2.1(b).

Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Corporation in its treasury.

Examples of Primary Shares in a sentence

• Issuance and delivery of the Primary Shares will be made only after actual receipt of payment therefor.

• Orders not accompanied by the required instrument of payment for the Primary Shares may be rejected.

• No Primary Shares shall be offered or sold for the account of the Company in any other states or foreign jurisdictions.

• Participating Dealer further agrees to keep such records with respect to each customer who purchases Primary Shares, his suitability and the amount of Primary Shares sold, and to retain such records for such period of time as may be required by the Commission, any state securities commission, FINRA or the Company.

• Participating Dealer’s acceptance of this Agreement constitutes a representation to the Company and the Dealer Manager that Participating Dealer is a properly registered or licensed broker-dealer, duly authorized to sell Primary Shares under Federal and state securities laws and regulations in all states where it offers or sells Primary Shares, and that it is a member in good standing of FINRA.

More Definitions of Primary Shares

Primary Shares means shares of Common Stock offered and sold to the public pursuant to the Company’s primary offering, including the primary offering of the Current Offering and any Follow-On Offering, (b) the term “DRIP Shares” means shares of Common Stock offered to stockholders of the Company pursuant to the DRIP as currently in effect at any time, (c) the term “Offering” means the Current Offering or Follow-On Offering, as appropriate, and as used herein refers to a public offering of Common Stock pursuant to the Registration Statement on Form S-11 filed with the Commission for the registration of the Offered Shares to be sold in such public offering and (d) the term “Offered Shares” means the Primary Shares, together with DRIP Shares, to be sold in any Offering. Primary Shares are to be issued and sold to the public at a purchase price equal to the Company’s net asset value (“NAV”) applicable to the class of shares being purchased on such day determined after the close of business on each business day, divided by the number of shares of that class outstanding as of the close of business on such date (as calculated in accordance with the procedures described in the Prospectus, as hereinafter defined), plus any, applicable selling commissions, subject in certain circumstances to waivers or reductions thereof. For stockholders who participate in the DRIP, the cash distributions attributable to the class of shares that each stockholder owns will be automatically invested in additional shares of the same class. DRIP Shares are to be issued and sold to stockholders of the Company at a purchase price equal to the Company’s NAV per share of that share class on such day prior to giving effect to any share purchases or redemptions to be effected on such day (as calculated in accordance with the procedures described in the Prospectus, as hereinafter defined). A registration statement on Form S-11 has been prepared by the Company in accordance with applicable requirements of the Securities Act and the applicable rules and regulations of the Commission promulgated thereunder (the “Securities Act Regulations”), for the registration of the Offered Shares to be sold in the Current Offering. Such registration statement includes a preliminary prospectus and such amendments thereto and such amended prospectuses as may have been required through the date hereof, and the Company will file such additional amendments and supplements thereto as may hereafter be required. Copies of such reg...

Primary Shares means, with respect to a particular registration statement, any of the Class A Common Shares to be issued, which may be sold, by the Company in a registered offering pursuant to such registration statement.

Primary Shares has the meaning set forth in Section 2.1(b) of this Agreement.

Primary Shares means at any time all authorized but unissued Shares.

Primary Shares means shares of Class A Common Stock issued by the Company after the date hereof other than Synthetic Primary Shares.

Primary Shares has the meaning set forth in the recitals above.

Primary Shares has the meaning set forth in the recitals.