Class Specific Expenses definition
Class Specific Expenses means any expenses (net of income tax effect, if any, associated with such expenses), commissions, trailers and other similar costs attributable to the sales channels and method of sale through which a particular class of REIT Units is sold, as determined by contracts or arrangements entered into by Skyline Apartment REIT and approved by the Trustees, acting reasonably, from time to time.
Class Specific Expenses means any expenses (net of income tax effect, if any, associated with such expenses), including any Asset Management Fees payable to the Manager pursuant to the Management Agreement, allocated to a particular Class of Units as determined by the Trustee, acting reasonably, as stated in any Disclosure Documents, or as may be set out in a Supplemental Indenture to the Trust Declaration, from time to time;
Class Specific Expenses of a Class means the Operating Expenses of that Class that are specific to that Class, including, without limitation, intermediary fees.