Examples of Class I NAV 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 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 term “Class S Conversion Rate” shall mean the number of shares of Class I Common Stock equal to the product of each share of Class S Common Stock to be converted and a fraction, the numerator of which is the Class S NAV Per Share and the denominator of which is the Class I NAV Per Share.
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.Class D NAV Per Share.
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.Class T NAV Per Share.
The term “Class D Conversion Rate” shall mean the fraction, the numerator of which is the Class D NAV Per Share and the denominator of which is the Class I NAV Per Share.Class D NAV Per Share.
The Class I Shares received by you pursuant to this Agreement upon settlement of your Units shall be eligible for redemption under the Company’s Share Redemption Program, subject to (i) a requirement that you hold at least $30,000 in Class I Shares, based on the then-current Class I NAV and (ii) applicable restrictions under the Company’s Insider Trading Policy.
The term “Class S Conversion Rate” shall mean the fraction, the numerator of which is the Class S NAV Per Share and the denominator of which is the Class I NAV Per Share.Class S NAV Per Share.
In the event Class A NAV per share, Class D NAV per share, Class I NAV per share, Class N NAV per share, Class T NAV per share or Class Z NAV per share decreases below $12.00 on any day during the measurement period, any subsequent increase in such NAV per share to $12.00 (or such other adjusted number) shall not be included in the calculation of the Performance Component with respect to that class.