Common use of Individual Clause in Contracts

Individual. Any natural person and those organizations treated as natural persons in Section 542(a) of the Code. Initial Closing Date. The first date on which Shares are issued pursuant to a public offering of equity. Initial Investor Capital. The total amount of capital invested from time to time by Shareholders (computed using the purchase price per Share for every Share including those Shares for which reduced selling commissions were paid in connection with their purchase from the Company).

Individual. Any natural person and those organizations treated as natural persons in Section 542(a) of the Code. Initial Closing Date. The first date on which Shares are were issued pursuant to a public offering of equityan Offering. Initial Investor Capital. The total amount of capital invested from time to time by Shareholders (computed using at the purchase price Original Issue Price per Share Share), excluding any Shares received by the Advisor or its Affiliates for every Share including those Shares for which reduced selling commissions were paid in connection with their purchase from the Company)any consideration other than cash. Investment Asset. Any Property, Loan or Other Permitted Investment Asset.

Individual. Any natural person and those organizations treated as natural persons in Section 542(a) of the Code. Initial Closing Date. The first date on which Shares are were issued pursuant to a public offering of equityan Offering. Initial Investor Capital. The total amount of capital invested from time to time by Shareholders (computed using at the purchase price Original Issue Price per Share Share), excluding any Shares received by the Manager, the Advisor or their respective Affiliates for every Share including those Shares for which reduced selling commissions were paid in connection with their purchase from the Company)any consideration other than cash. Investment Asset. Any Property, Loan or, subject to Section 4(b) Other Permitted Investment Asset.

Individual. Any natural person and those organizations treated as natural persons in Section 542(a) of the Code. Initial Closing Date. The first date on which purchasers of Shares offered pursuant to the Prospectus are issued pursuant to a public offering of equitysuch Shares. Initial Investor Capital. The total amount of capital invested from time to time by Shareholders (computed using the purchase price at a rate of $10 per Share for every Share including those Shares for which reduced selling commissions were paid in connection with their purchase from the Company). Upon completion of the Offering, the Initial Investor Capital shall be equal to the Gross Offering Proceeds.

Individual. Any natural person and those organizations treated as natural persons in Section 542(a) of the Code. Initial Closing Date. The first date on which purchasers of Shares are issued offered pursuant to a public offering of equitythe Prospectus were issued such Shares. Initial Investor Capital. The total amount of capital invested from time to time by Shareholders (computed using the purchase price at a rate of $10 per Share for every Share including those Shares for which reduced selling commissions were paid in connection with their purchase from the Company). Upon completion of the Offering, the Initial Investor Capital shall be equal to the Gross Offering Proceeds.