Examples of Class S Unit in a sentence
At any time that the outstanding fractional Class S Preferred Units or Class S Ordinary Units, calculated separately, associated with a holder of such Class S Units equal, in the aggregate, greater than a whole Class S Unit, then the Partnership shall combine such Class S Units to give the holder whole Class S Units and a fractional Class S Unit representing the remainder of the combined Class S Units.
The self-statement should address research/creative activity, teaching and service.
Class S Unit A automatically reinvests all earnings, dividend and other distributions of whatever kind.
Alternative Strategy Collection 31 Dec 2021Alternative Strategy Collection 31 Dec 2020Participating units in issue Class S Unit A At the beginning of the year Units of the Sub-Fund are all freely transferable, designated as ‘A’ or ‘B’ units and, subject to such designation, are all entitled to participate equally in the profits and distributions (if any) of that Sub-Fund and in its assets in the event of termination.
The “Payment Amount” for each Payee will be an amount equal to the estimated net asset value per Class S Unit of the Company determined as of March 31, 2023 (the “Valuation Date”) multiplied by the number of such Payee’s Repurchased Units.
The Manager may make distributions in respect of Class S Unit B out of that proportion of the Net Asset value of the Sub-Fund attributable to Class S Unit B (if any).
As at 31 December 2020 Mediolanum International Life DAC holds 100% (2019: 100%) of the Class S Unit A in the Alternative Strategy Collection.
Alternative Strategy Collection 30 Jun 2021Alternative Strategy Collection 30 Jun 2020Participating units in issue Class S Unit A At the beginning of the period Units of the Sub-Fund are all freely transferable, designated as ‘A’ or ‘B’ units and, subject to such designation, are all entitled to participate equally in the profits and distributions (if any) of that Sub-Fund and in its assets in the event of termination.
The capital of the Fund is represented by the net assets attributable to holders of Units and the Class S Unit.
Each Unit entitles the holder to the same rights and obligations as any other holder of Units and the holder of Units is entitled to priority, privilege, and preference in relation to holder of the Class S Unit in relation to voting rights and distribution privileges.