Class Z Shares definition

Class Z Shares means the class Z non-redeemable and non-convertible ordinary shares of USD 0.001 (one thousandth of a United States Dollar) each in the share capital of the Company;
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Class Z Shares means Shares which are designated as “Class Z Shares” and
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Class Z Shares means, with respect to shares of any Portfolio established and designated by the Declaration, that class of Shares which is so designated by Section 6.2 hereof.
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Examples of Class Z Shares in a sentence

  • Except as noted for Class Z Shares, these expenses are not charged directly to shareholders.

  • The Sub-Funds of the Company and any other fund for which the Manager or any of its affiliates may serve as manager or investment manager may also invest in Class Z Shares.

  • Class Z Shares are offered primarily to clients of the Investment Manager or its affiliates pursuant to an investment management agreement.

  • To the extent “Estimated Other Expenses” exceed the expense cap rate, the difference is attributable to certain Other Expenses that are excluded from the expense cap arrangement, such as interest expense associated with the Fund’s investment activities.‡ The Investment Management fee for Class Z Shares will be administratively levied and paid directly by the shareholder to the Management Company (an affiliate of MFS) or an affiliate in relation to investment management services provided by MFS to the Fund.

  • This expense cap arrangement excludes taxes (other than the Luxembourg taxe d’abonnement), brokerage and transaction costs, currency conversion costs, extraordinary expenses and expenses associated with the Fund’s investment activities, including interest.‡ The Investment Management fee for Class Z Shares will be administratively levied and paid directly by the shareholder to MFS International Ltd., an affiliate of MFS, in relation to investment management services provided by MFS to the Fund.

  • Shareholders may only switch into Class Z Shares with the prior consent of the Board of Directors and provided they qualify as Institutional Investors and they comply with the minimum investment requirements.

  • For Class 1, Class D, Class L, Class M, Class N, Class 2 and Class Z Shares (including the respective Hedged Share Classes), the annual management fee accrues daily and is payable monthly.

  • Investment into Class Z Shares shall be at the absolute discretion of the Board of Directors.

  • The Short Duration Sterling Fund is liable in Luxembourg to a Taxe d'Abonnement of a rate of 0.05% per annum for each retail Class of Share and a reduced rate of 0.01% per annum for specific Classes of Shares which are restricted to institutional investors, Class J, Class K and Class Z Shares are currently entitled to this reduced rate.

  • The Initial Offering Period for the Euro-denominated Class Z Shares – Distribution was 17 February 2017 at the Initial Subscription Price of EUR 25.

Related to Class Z Shares

  • 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.

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

  • 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.

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

  • Class B Common Shares means shares of Class B Common Stock.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

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

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

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

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

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

  • 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.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Class A Warrants means, collectively, 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 five (5) years, in the form of Exhibit A attached hereto.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

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

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

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

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.