Examples of Class I Common Stock in a sentence
The term “Class D Conversion Rate” shall mean the number of shares of Class I Common Stock equal to the product of each share of Class D Common Stock to be converted and a fraction, the numerator of which is the Class D NAV Per Share and the denominator of which is the Class I NAV Per Share.
The Corporation has authority to issue 450,000,000 Shares, consisting of 400,000,000 shares of common stock, $0.01 par value per share (“Common Shares”), of which 160,000,000 are classified as Class A Common Stock (the “Class A Common Shares”), 200,000,000 are classified as Class T Common Stock (the “Class T Common Shares”) and 40,000,000 are classified as Class I Common Stock (the “Class I Common Shares”), and 50,000,000 shares of preferred stock, $0.01 par value per share (“Preferred Shares”).
Except as otherwise set forth in the charter, the shares of Class A Common Stock, Class I Common Stock and Class T Common Stock shall have identical preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption.
The per share amount of distributions, if any, paid on the shares of Class A Common Stock, Class I Common Stock and Class T Common Stock will differ because of the Distribution Fee.
The Company will pay the Distribution Fee on each share of Class I Common Stock and each share of Class T Common Stock issued by the Company other than a share of Class I Common Stock or Class T Common Stock issued pursuant to a distribution reinvestment plan.
The number of authorized shares of Class I Common Stock shall be 75,000,000.
The term “Class T Conversion Rate” shall mean the number of shares of Class I Common Stock equal to the product of each share of Class T Common Stock to be converted and a fraction, the numerator of which is the Class T NAV Per Share and the denominator of which is the Class I NAV Per Share.
The Corporation has authority to issue 300,000,000 Shares, consisting of 300,000,000 shares of common stock, par value $0.01 per share (“Common Shares”), 100,000,000 of which are classified as Class D Common Stock (the “Class D Common Shares”), 100,000,000 of which are classified as Class I Common Stock (the “Class I Common Shares”) and 100,000,000 of which are classified as Class S Common Stock (the “Class S Common Shares”).
The Corporation has authority to issue 460,000,000 Shares, consisting of 410,000,000 shares of common stock, $0.01 par value per share (“Common Shares”), of which 160,000,000 are classified as Class A Common Stock (the “Class A Common Shares”), 200,000,000 are classified as Class T Common Stock (the “Class T Common Shares”) and 50,000,000 are classified as Class I Common Stock (the “Class I Common Shares”), and 50,000,000 shares of preferred stock, $0.01 par value per share (“Preferred Shares”).
The Company has authority to issue 2,000,000,000 shares of common stock, $0.01 par value per share (“Common Stock”), 1,200,000,000 of which are classified as shares of Class A Common Stock (the “Class A Common Stock”), 100,000,000 of which are classified as shares of Class I Common Stock (the “Class I Common Stock”), and 700,000,000 of which are classified as shares of Class T Common Stock (the “Class T Common Stock”), and 10,000,000 shares of preferred stock, $0.01 par value per share (“Preferred Stock”).