Class I Common Stock definition
Examples of Class I Common Stock in a sentence
The Board of Directors of the Company has duly and validly reserved such shares of Class I Common Stock for issuance upon conversion of the Shares.
At the close the date here, (i) 625,848 shares of Class A Common Stock were issued and outstanding, 1,121,639 shares of Class T Common Stock were issued and outstanding and 10,401,323 shares of Class I Common Stock were issued and outstanding, (ii) no shares of REIT III Preferred Stock were issued and outstanding and (iii) no shares of REIT III Convertible Stock were issued and outstanding.
The shares of Class I Common Stock initially issuable upon conversion of the Shares have been duly authorized and, if and when issued upon conversion of the Shares in accordance with the terms of the Articles Supplementary, will be validly issued, fully paid and nonassessable, and the issuance of such shares of Class I Common Stock will not be subject to or in violation of any preemptive or similar rights.
The Company further covenants with each Underwriter that, without the prior written consent of the Representatives on behalf of the Underwriters, it will not approve the conversion of any shares of Class T Common Stock and Class I Common Stock into shares of Common Stock before the six-month anniversary of the listing of the Common Stock on a national securities exchange.
At the close of business on June 22, 2021, (i) 76,069,129 shares of ▇▇▇▇ IV Class T Common Stock were issued and outstanding, (ii) 5,662,132 shares of ▇▇▇▇ IV Class I Common Stock were issued and outstanding, and (iii) no shares of ▇▇▇▇ IV Preferred Stock were issued and outstanding.
The net asset value of the Class T Common Stock, Class S Common Stock, Class D Common Stock and Class I Common Stock will be calculated as described in the most recent Valuation Guidelines.
The Company does not pay Distribution Fees with respect to its outstanding Class I Common Stock, Class A Common Stock or Class TX Common Stock.
The Charter authorizes the issuance of four classes of Common Stock: Class T Common Stock, Class S Common Stock, Class D Common Stock and Class I Common Stock.
The Administrator hereby grants, as of (the “Date of Grant”), to (the “Participant”), restricted Shares of Class I Common Stock of Dividend Capital Diversified Property Fund Inc.
The CFI Fund has a total of one hundred million (100,000,000) shares authorized for issuance, consisting of Class A, Class C and Class I Common Stock.