Class S Common Shares definition
Examples of Class S Common Shares in a sentence
The Adviser will have the option of exchanging Class E Common Shares or Class I Common Shares for an equivalent aggregate NAV amount of Class T Common Shares, Class S Common Shares or Class D Common Shares.
Immediately before any liquidation, dissolution or winding up, or any distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class T Common Shares will automatically convert to Class I Common Shares at the Class T Conversion Rate, Class S Common Shares will automatically convert to Class I Common Shares at the Class S Conversion Rate and Class D Common Shares will automatically convert to Class I Common Shares at the Class D Conversion Rate.
Immediately before any voluntary or involuntary liquidation, dissolution or winding up, or any Distribution of the assets of the Corporation pursuant to a plan of liquidation, dissolution or winding up, Class S Common Shares will automatically be converted to Class I Common Shares at the Class S Conversion Rate, and Class D Common Shares will automatically be converted to Class I Common Shares at the Class D Conversion Rate.
Subject to certain individual state requirements and except with respect to the issuance of Common Shares under the Reinvestment Plan, no initial sale or transfer of Class S Common Shares, Class D Common Shares, Class F-S Common Shares or Class F-D Common Shares for value of less than $2,500 or Class I Common Shares or Class F-I Common Shares for value of less than $1,000,000, or such other amounts as determined by the Board, will be permitted.
The Adviser will have the option of exchanging Class I Common Shares for an equivalent aggregate NAV amount of Class T Shares, Class S Common Shares or Class D Common Shares and will have registration rights with respect to shares of the Company’s common stock.
Distributions shall be made with respect to the Class T2 Common Shares at the same time as those made with respect to the Class A Common Shares, Class I Common Shares, Class D Common Shares, Class N Common Shares, Class T Common Shares, Class S Common Shares, Class M-I Common Shares and Class Z Common Shares.
Distributions shall be made with respect to the Class S Common Shares at the same time as those made with respect to the Class A Common Shares, Class I Common Shares, Class D Common Shares, Class N Common Shares, Class T Common Shares, Class T2 Common Shares, Class M-I Common Shares and Class Z Common Shares.
The holders of Class S Common Shares shall have exclusive voting rights on any amendment to the Charter (including the terms of the Class S Common Shares set forth herein) that would alter only the contract rights of the Class S Common Shares and no holders of any other class or series of Shares shall be entitled to vote thereon.
Until a Listing has occurred, a prospective purchaser of Class S Common Shares in an Offering must represent to the Corporation that the applicable suitability standards set forth in the applicable Prospectus have been satisfied.
The number of authorized Class S Common Shares shall be 200,000,000.