Class I Units definition

Class I Units means Class I currency hedged mutual fund units and/or non-currency hedged mutual fund units of a fund, as applicable.

Class I Units means Class I units of the Operating Partnership.

Class I Units means the units of beneficial interest in the REIT, designated as “Class I Units”.

Examples of Class I Units in a sentence

• Notwithstanding the foregoing, but subject to the subsequent sentence, the Special Limited Partner and the Advisor shall have the right to require the Partnership to redeem all or a portion of their Class I Units pursuant to this Section 8.5 at any time irrespective of the period the Partnership Units have been held by the Special Limited Partner or the Advisor.

• The General Partner is hereby authorized to cause the Partnership to issue Partnership Units designated as Class T Units, Class S Units, Class D Units, Class I Units and Class A Units.

• Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate, Class S Units will automatically convert to Class I Units at the Class S Conversion Rate, Class D Units will automatically convert to Class I Units at the Class D Conversion Rate and Class A Units will automatically convert to Class I Units at the Class A Conversion Rate.

• The Partnership shall redeem any such Class I Units of the Special Limited Partner or the Advisor for Class I REIT Shares or the Cash Amount (at the Advisor’s or Special Limited Partner’s election), unless the Board of Directors of the General Partner determines that any such redemption for cash would be prohibited by applicable law or this Agreement, in which case such Class I Units will be redeemed for an amount of Class I REIT Shares in accordance with Section 8.5(b) hereof.

• At the end of such month, pursuant to the terms of the Partnership Agreement, each such Class T Unit, Class S Unit and Class D Unit shall automatically and without any action on the part of the holder thereof convert into a number of Class I Units (including any fractional Units), each with an equivalent aggregate NAV as such Unit.

More Definitions of Class I Units

Class I Units means a limited partner Partnership Interest which shall confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Class I Units.

Class I Units means the Units in the Partnership designated as the “Class I Units” herein and having the rights pertaining thereto as are set forth in this Agreement. Class I Units shall be Vested Units for all purposes under this Agreement upon delivery.

Class I Units refers, collectively, or sometimes individually, to the Class I-1 Units, the Class I-2 Units, the Class I-3 Units, the Class I-4 Units and the Class I-5 Units.

Class I Units is defined in Section 7.1.

Class I Units means the Partnership Units entitling the holder thereof to the rights of a holder of Class I Units as provided in this Agreement.

Class I Units shall have the meaning set forth in Section 10(b).

Class I Units means the Class I Units offered under this Offering Memorandum, which will be made available only to certain private or institutional subscribers through the Manager’s actions as an Exempt Market Dealer (“EMD”).