Class I REIT Shares definition

Class I REIT Shares means the REIT Shares referred to as “Class I Common Shares” in the Charter.
Sample 1Sample 2Sample 3
Class I REIT Shares means the REIT Shares classified as Class I common shares in the Charter.
Sample 1Sample 2Sample 3
Class I REIT Shares means the REIT Shares referred to as “Class I” shares in the Prospectus.
Sample 1Sample 2Sample 3

Examples of Class I REIT Shares in a sentence

  • If the General Partner shall list or maintain the listing of Class E REIT Shares, Class S REIT Shares or Class I REIT Shares on any securities exchange or national market system, it will at its expense and as necessary to permit the registration and sale of the Redemption Shares of such listed class or classes hereunder, list thereon, maintain and, when necessary, increase such listing to include such Redemption Shares.

  • The Partnership shall redeem any such Class I Units of the Special Limited Partner or the Adviser for the Cash Amount unless the Board of Directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class I Units will be redeemed for an amount of Class I REIT Shares with an aggregate Net Asset Value equivalent to the aggregate Net Asset Value of such Class I Units.

  • Following the conversion of any shares of REIT Shares into Class I REIT Shares pursuant to this interpretation of the conversion provisions of the REIT Charter, no Distribution Fees shall be paid with respect to such REIT Xxxxxx.

  • The Partnership shall redeem any such Class I Units of the Special Limited Partner or the Advisor for Class I REIT Shares or the Cash Amount (at the Advisor’s or Special Limited Partner’s election), unless the Board of Directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class I Units will be redeemed for an amount of Class I REIT Shares in accordance with Section 8.5(b) hereof.

  • No upfront selling commissions, dealer manager fees or distribution fees are payable with respect to the Class I Units consistent with the Class I REIT Shares.

  • The Partnership shall redeem any such Class I Units of the Special Limited Partner or the Advisor for the Cash Amount unless the Board of Directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class I Units will be redeemed for an amount of Class I REIT Shares with an aggregate Net Asset Value equivalent to the aggregate Net Asset Value of such Class I Units.

  • If the General Partner shall list or maintain the listing of Class E REIT Shares or Class I REIT Shares on any securities exchange or national market system, it will at its expense and as necessary to permit the registration and sale of the Redemption Shares of such listed class or classes hereunder, list thereon, maintain and, when necessary, increase such listing to include such Redemption Shares.

  • The Partnership shall redeem any such Class I Units of the Special Limited Partner or the Advisor for the Cash Amount unless the board of directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class I Units will be redeemed for an amount of Class I REIT Shares with an aggregate Net Asset Value equivalent to the aggregate Net Asset Value of such Class I Units.


More Definitions of Class I REIT Shares

Class I REIT Shares means the Class of REIT Shares designated as “Class I Common Shares” under the General Partner’s charter.
Sample 1Sample 2Sample 3
Class I REIT Shares means the REIT Shares classified as Class I common stock in the Articles of Incorporation.
Sample 1
Class I REIT Shares means the REIT Shares referred to as “Class I” shares in the Charter. “Class I Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class I Unit as provided in this Agreement. “Class S Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class S Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class S REIT Shares” means the REIT Shares referred to as “Class S” shares in the Charter. “Class S Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class S Unit as provided in this Agreement. “Class T Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class T Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class T REIT Shares” means the REIT Shares referred to as “Class T” shares in the Charter. “Class T Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class T Unit as provided in this Agreement.
Sample 1
Class I REIT Shares means the REIT Shares referred to “Class I Shares” in the PPM.
Sample 1

Related to Class I REIT Shares

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

  • 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 Units means the Class B Units of the Company.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.

  • REIT Share means a share of common stock, par value $0.01 per share, of the General Partner.

  • Class A Common Shares means the Class A Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Common Units is defined in the Partnership Agreement.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Initial Common Units means the Common Units sold in the Initial Offering.

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

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