Class S NAV Per Share definition

Class S NAV Per Share shall have the meaning set forth in the Charter.

Class S NAV Per Share means the net asset value of the Corporation allocable to the Class S Common Shares (including any reduction for Stockholder Servicing Fees as described in the Prospectus), determined as described in the Prospectus, divided by the number of outstanding Class S Common Shares.

Class S NAV Per Share means the net asset value per Class S Common Share, calculated as described in the most recent Valuation Guidelines.

Examples of Class S NAV Per Share in a sentence

• 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.

• As of July 31, 2020, we have accrued under GAAP $64.3 million of stockholder servicing fees payable to the Dealer Manager related to the Class S, Class T and Class D shares sold.The following table provides a breakdown of our total NAV and NAV per share by share class as of July 31, 2020: Class S NAV Per Share Shares (1) Includes the partnership interests of the Operating Partnership held by the Special Limited Partner.

• 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.

More Definitions of Class S NAV Per Share

Class S NAV Per Share means the Net Asset Value allocable to the Class S Common Shares (including any reduction for Stockholder Servicing Fees as described in the Private Placement Memorandum), determined as described in the Private Placement Memorandum, divided by the number of outstanding Class S Common Shares.

Class S NAV Per Share means the net asset value of the Trust allocable to the Class S Common Shares (including any reduction for Ongoing Servicing Fees as described in the Memorandum), determined as described in the Memorandum, divided by the number of outstanding Class S Common Shares.

Class S NAV Per Share shall have the meaning set forth in the Charter. “Class S-1 Common Shares” shall have the meaning set forth in the Charter. “Class S-1 NAV per Share” shall have the meaning set forth in the Charter. “Code” shall mean the Internal Revenue Code of 1986, as amended. “Commitment Fee” shall have the meaning set forth in Section 10(e).