Class T Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class T Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit.
Class T Conversion Rate means the fraction, the numerator of which is the Class T NAV Per Share and the denominator of which is the Class I NAV Per Share.
Class T Conversion Rate means the fraction, the numerator of which is the NAV Per Unit for each Class T Unit and the denominator of which is the NAV Per Unit for each Class I Unit.
Examples of Class T Conversion Rate in a sentence
Immediately before liquidation of the Partnership, Class T Units will automatically convert to Class I Units at the Class T Conversion Rate, Class S Units will automatically convert to Class I Units at the Class S Conversion Rate, Class D Units will automatically convert to Class I Units at the Class D Conversion Rate and Class A Units will automatically convert to Class I Units at the Class A Conversion Rate.
More Definitions of Class T Conversion Rate
Class T Conversion Rate is defined in Section 7.4(b).
Class T Conversion Rate means the fraction, the numerator of which is the Class T NAV Per Share and the denominator of which is the NAV Per Share of the class of Common Stock that the Class T shares of Common Stock is being converted into.
Class T Conversion Rate means the fraction, the numerator of which is the Net Asset Value Per Unit for each Class T Unit and the denominator of which is the Net Asset Value Per Unit for each Class I Unit.