Examples of Class T Common Stock in a sentence
If at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are subdivided into a greater number of shares, whether by stock split, stock dividend or otherwise, then the Exercise Price will be reduced proportionately and the number of Warrant Shares remaining to be purchased hereunder will be increased proportionately.
Conversely, if at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are consolidated into a smaller number of shares, then the Exercise Price will be increased proportionately and the number of Warrant Shares remaining to be purchased hereunder will be reduced proportionately.
The stockholder servicing fee on the Class T Common Stock payable to the Dealer Manager and to be re-allowed to participating broker-dealers, as described in the Corporation’s most recent Prospectus for an offering of Class T Common Stock (or, if the Corporation is not then engaged in an offering of Class T Common Stock, then as described in the Corporation’s periodic filings with the Securities and Exchange Commission).
The Corporation has authority to issue 450,000,000 Shares, consisting of 400,000,000 shares of common stock, $0.01 par value per share (“Common Shares”), of which 160,000,000 are classified as Class A Common Stock (the “Class A Common Shares”), 200,000,000 are classified as Class T Common Stock (the “Class T Common Shares”) and 40,000,000 are classified as Class I Common Stock (the “Class I Common Shares”), and 50,000,000 shares of preferred stock, $0.01 par value per share (“Preferred Shares”).
The number of authorized shares of Class T Common Stock shall be 500,000,000.
The D.C. Circuit agreed with the dissenting Commissioners’ assessment.
Except as otherwise set forth in the charter, the shares of Class A Common Stock, Class I Common Stock and Class T Common Stock shall have identical preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption.
At such time as a share of Class T Common Stock is converted into Class A Common Stock, the corresponding Class T Unit shall convert into a corresponding number of Class A Units.
The term “Class T Common Stock” shall mean Common Stock classified and designated as Class T Common Stock.
The Company will pay the Distribution Fee on each share of Class I Common Stock and each share of Class T Common Stock issued by the Company other than a share of Class I Common Stock or Class T Common Stock issued pursuant to a distribution reinvestment plan.