Standard Threshold. The higher of (a) the VPU as of the end of the Business Day on which the initial Offering of Class A, Class I and Class W Shares commenced or (b) the highest VPU on the last Business Day of any prior calendar year following the commencement of the initial Offering of Class A, Class I and Class W Shares. The Standard Threshold is subject to adjustment to account for (i) any stock dividend, stock split, recapitalization, or other similar change in the capital structure of the Operating Partnership, and (ii) any adjustment approved by the Board, as applicable.
Appears in 5 contracts
Samples: Advisory Agreement (Dividend Capital Diversified Property Fund Inc.), Advisory Agreement (Dividend Capital Diversified Property Fund Inc.), Advisory Agreement (Dividend Capital Diversified Property Fund Inc.)
