Class P Preferred Shares definition

Class P Preferred Shares. The Class P Preferred Shares issued by the Issuer pursuant to the Memorandum and Articles.

Examples of Class P Preferred Shares in a sentence

• All new investments made in Class P Preferred Shares shall receive P1 Non-Voting Shares.

• The Class P Preferred Shares will have a stated dividend rate equal to the weighted average of the interest rates on the Collateral Interests with respect to the related Interest Accrual Period, expressed on an actual/360 basis.

• In consideration for Contributor’s contribution of the Contribution Amount, the Company issued to the Contributor 510 Class A Shares, which subsequently were recapitalized into an aggregate of 56,000,000 Class D Preferred Shares and 51,000,000 Class P Preferred Shares, which Class D Preferred Shares subsequently were recapitalized into Class D-1 Preferred Shares and which Class P Preferred Shares subsequently were redeemed in exchange for Preferred Shares of Pharma.

• Number P-1 CUSIP [ ] THIS IS TO CERTIFY THAT is the registered holder of [ ] Class P Preferred Shares and [ ] Class R Preferred Shares in the above named Company, subject to the Memorandum and Articles of Association thereof, as may be hereafter amended and in effect from time to time.

• The Class P Preferred Shares outstanding will have an aggregate stated redemption price from time to time equal to the Aggregate Outstanding Portfolio Balance minus the Aggregate Outstanding Amount of all Classes of Notes (the “Class P Preferred Shares Stated Redemption Price”).

• Number P-[1] CUSIP [00000X000] THIS IS TO CERTIFY THAT [________________] is the registered holder of [_________] Class P Preferred Share[s] and [_________] Class R Preferred Share[s] in the above named Company, subject to the Amended and Restated Memorandum and Articles of Association thereof, as may be hereafter amended and in effect from time to time.

• The Class P Preferred Shares will have a stated dividend rate of, with respect to each Payment Date (and related Interest Accrual Period) (i) prior to April 1, 2025, the Benchmark plus 16.5% and (ii) thereafter, the Benchmark plus 17.0%, subject to any adjustments made by Collateral Manager in accordance with the terms of the Indenture.

• The Class P Preferred Shares will have a stated dividend rate of (i) with respect to each Payment Date (and related Interest Accrual Period) on or prior to the Payment Date in December 2022, LIBOR index plus 19.50% and (ii) with respect to each Payment Date (and related Interest Accrual Period) occurring after the Payment Date in December 2022, LIBOR index plus 24.50%.

• The present study can be a starting point for the development of such indicators.

• The Class P Preferred Shares will have a stated dividend rate equal to the weighted average of the interest rates on the Mortgage Assets with respect to the related Interest Accrual Period, expressed on an actual/360 basis.