Class S Conversion Rate means 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 Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class S Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit.
Class S Conversion Rate means the fraction, the numerator of which is the NAV Per Unit for each Class S Unit and the denominator of which is the NAV Per Unit for each Class I Unit.
Examples of Class S Conversion Rate in a sentence
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.
More Definitions of Class S Conversion Rate
Class S Conversion Rate means the fraction, the numerator of which is the Class S NAV Per Share and the denominator of which is the NAV Per Share of the class of Common Stock that the Class S share of Common Stock is being converted into.
Class S Conversion Rate means a fraction, the numerator of which is the Net Asset Value per Class S Common Share and the denominator of which is the Net Asset Value per Class M-I Common Share.
Class S Conversion Rate is defined in Section 7.4(f ).
Class S Conversion Rate means a fraction, the numerator of which is the net asset value of the Trust allocable to the Class S Common Shares determined as described in the Class S PPM, divided by the number of outstanding Class S Common Shares, and the denominator of which is the net asset value of the Trust allocable to the Class I Common Shares determined as described in the Class S PPM, divided by the number of outstanding Class I Common Shares immediately prior to the Conversion Event.
Class S Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class S Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class S REIT Shares” means the REIT Shares referred to as “Class S” shares in the Charter. “Class S Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class S Unit as provided in this Agreement. “Class T Conversion Rate” means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class T Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit. “Class T REIT Shares” means the REIT Shares referred to as “Class T” shares in the Charter. “Class T Unit” means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class T Unit as provided in this Agreement.