Class T Common Shares definition

Class T Common Shares shall have the meaning set forth in the Charter.

Class T Common Shares shall have the meaning as provided in Section 5.1 herein.

Class T Common Shares shall have the meaning set forth in the Declaration of Trust.

Examples of Class T Common Shares in a sentence

• 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.

• 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.

• Except as otherwise set forth in the Charter, the Class A Common Shares, Class T Common Shares and Class I Common Shares shall have identical preferences, rights, voting powers, restrictions, limitations as to dividends and other Distributions, qualifications, and terms and conditions of redemption.

• The number of authorized Class T Common Shares shall be 250,000,000.

• The per share amount of any Distributions on the Class T Common Shares in relation to the per share amount of any Distributions on the Class A Common Shares shall be determined as described in the most recent Prospectus for an Offering of Class T Common Shares, as such Prospectus may be amended or supplemented with the approval of a majority of the Board of Directors from time to time.

• The holders of Class T Common Shares shall have exclusive voting rights on any amendment to the Charter (including the terms of the Class T Common Shares set forth herein) that would alter only the contract rights of the Class T Common Shares and no holders of any other class or series of Shares shall be entitled to vote thereon.

• The Corporation has authority to issue 1,700,000,000 Shares, consisting of 1,500,000,000 shares of common stock, $0.01 par value per share (the “Common Shares”), 500,000,000 of which are classified as Class A Common Shares (the “Class A Common Shares”), 500,000,000 of which are classified as Class T Common Shares (the “Class T Common Shares”), and 500,000,000 of which are unclassified, and 200,000,000 shares of preferred stock, $0.01 par value per share (the “Preferred Shares”).

• The term “Net Asset Value per Class T Common Share” shall mean the net asset value of the Corporation allocable to the Class T Common Shares, calculated as described in the Prospectus, as may be amended from time to time, divided by the number of outstanding Class T Common Shares.

• Distributions shall be made with respect to the Class M-I 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 S 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.

More Definitions of Class T Common Shares

Class T Common Shares means Class T Common Shares of the Trust.

Class T Common Shares means Class T Common Shares, $0.01 par value per share, of Company.

Class T Common Shares shall have the meaning set forth in the Charter. “Code” shall mean the Internal Revenue Code of 1986, as amended. “Commencement Date” shall mean the date on which the Company breaks escrow for its initial Offering. “Company” shall have the meaning set forth in the preamble of this Agreement. “Company Management Fee” shall have the meaning set forth in Section 10(a). “Director” shall mean a member of the Board. “Distributions” shall have the meaning set forth in the Charter. “Effective Date” shall have the meaning set forth in the preamble of this Agreement. “Excess Amount” shall have the meaning set forth in Section 13. “Exchange Act” shall have the meaning set forth in the Charter. “Expense Year” shall have the meaning set forth in Section 13. “GAAP” shall mean generally accepted accounting principles as in effect in the United States of America from time to time. “Gross Proceeds” shall mean the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Selling Commissions. The purchase price of any Class T Common Share or Class S Common Share shall be deemed to be the full, non-discounted offering price at the time of purchase of each such Class T Common Share or Class S Common Share.