Class I Common Shares definition

Class I Common Shares shall have the meaning set forth in the Charter.

Class I Common Shares means Class I Common Shares of the Trust.

Class I Common Shares shall have the meaning set forth in the Declaration of Trust.

Examples of Class I Common Shares in a sentence

• Class I Common Shares (formerly referred to as "intermediate term income fund shares"): Two billion (2,000,000,000) Shares.

• Immediately before any liquidation, dissolution or winding up, or any distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class T Common Shares will automatically convert to Class I Common Shares at the Class T Conversion Rate, Class S Common Shares will automatically convert to Class I Common Shares at the Class S Conversion Rate and Class D Common Shares will automatically convert to Class I Common Shares at the Class D Conversion Rate.

• Except as otherwise set forth in the Charter, the Class A Common Shares, Class T Common Shares and Class I Common Shares shall have identical preferences, rights, voting powers, restrictions, limitations as to dividends and other Distributions, qualifications, and terms and conditions of redemption.

• Class I Common Shares (formerly referred to as “intermediate term income fund shares”): Two billion (2,000,000,000) Shares.

• Immediately before any voluntary or involuntary liquidation, dissolution or winding up, or any Distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class S Common Shares will automatically be converted to Class I Common Shares at the Class S Conversion Rate, and Class D Common Shares will automatically be converted to Class I Common Shares at the Class D Conversion Rate.

• Subject to certain individual state requirements and except with respect to the issuance of Common Shares under the Reinvestment Plan, no initial sale or transfer of Class S Common Shares, Class D Common Shares, Class F-S Common Shares or Class F-D Common Shares for value of less than $2,500 or Class I Common Shares or Class F-I Common Shares for value of less than $1,000,000, or such other amounts as determined by the Board, will be permitted.

• Following such conversion, the aggregate assets of the Trust available for distribution to holders of the Common Shares, or the proceeds therefrom, shall be distributed to each holder of Class I Common Shares ratably with each other holder of Class I Common Shares, in such proportion as the number of outstanding Class I Common Shares held by such holder bears to the total number of outstanding Class I Common Shares.

• The Common Shares shall be divided into 81,570,583 Full Voting Common Shares; 16,789,776 Diluted Voting Class I Common Shares; and 1,639,641 Diluted Voting Class II Common Shares.

• Subject to certain individual state requirements and except with respect to the issuance of Common Shares under the Reinvestment Plan, no transfer of Class S Common Shares, Class D Common Shares,Class F-S Common Shares or Class F-D Common Shares for value of less than $2,500 or Class I Common Shares or Class F-I Common Shares for value of less than $1,000,000, or such other amounts as determined by the Board, will be permitted.

• Distributions shall be made with respect to the Class T Common Shares at the same time as those made with respect to the Class A Common Shares, Class I Common Shares, Class D Common Shares and Class N Common Shares.

More Definitions of Class I Common Shares

Class I Common Shares shall have the meaning as provided in Section 5.1 herein.

Class I Common Shares shall have the meaning ascribed to such term in the preamble hereto.

Class I Common Shares shall have the meaning set forth in the Charter. “Class I NAV per Share” shall have the meaning set forth in the Charter. “Class S Common Shares” shall have the meaning set forth in the Charter. “Class S NAV per Share” shall have the meaning set forth in the Charter. “Class S-1 Common Shares” shall have the meaning set forth in the Charter. “Class S-1 NAV per Share” shall have the meaning set forth in the Charter. “Code” shall mean the Internal Revenue Code of 1986, as amended. “Commitment Fee” shall have the meaning set forth in Section 10(e).

Class I Common Shares shall have the meaning set forth in the Charter. “Class S Common Shares” shall have the meaning set forth in the Charter. “Class T Common Shares” shall have the meaning set forth in the Charter. “Code” shall mean the Internal Revenue Code of 1986, as amended. “Commencement Date” shall mean the date on which the Company breaks escrow for its initial Offering. “Company” shall have the meaning set forth in the preamble of this Agreement. “Company Management Fee” shall have the meaning set forth in Section 10(a). “Director” shall mean a member of the Board. “Distributions” shall have the meaning set forth in the Charter. “Effective Date” shall have the meaning set forth in the preamble of this Agreement. “Excess Amount” shall have the meaning set forth in Section 13. “Exchange Act” shall have the meaning set forth in the Charter. “Expense Year” shall have the meaning set forth in Section 13. “GAAP” shall mean generally accepted accounting principles as in effect in the United States of America from time to time. “Gross Proceeds” shall mean the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Selling Commissions. The purchase price of any Class T Common Share or Class S Common Share shall be deemed to be the full, non-discounted offering price at the time of purchase of each such Class T Common Share or Class S Common Share.