Class T Shares definition
Class T Shares means the Class T shares of the Company’s common stock, par value $0.01 per share, offered pursuant to the Offering.
Class T Shares means Shares of any Class T Share Class; “CHF” means Swiss Francs, the lawful currency of Switzerland; “China” means the People’s Republic of China;
Class T Shares means the Share designated herein as “Class T Shares” and having the rights, obligations and terms specified in this Agreement.
Examples of Class T Shares in a sentence
To the extent that the Manager elects to receive any portion of the Management Fee in Class T Shares, the Company may repurchase such Class T Shares from the Manager pursuant to the Share Repurchase Plan.
Class T Shares of the Company obtained by the Manager will be subject to the repurchase limits of the Share Repurchase Plan.
Any Class T Shares received by the Manager are not subject to the Early Repurchase Fee.
More Definitions of Class T Shares
Class T Shares is defined in Section 7.1.
Class T Shares means Shares of any Class T Share Class;
Class T Shares means a class of Equity Stock, 80,000,000 shares of which are authorized pursuant to the Charter.
Class T Shares means the shares of the Company’s common stock classified as Class T. Company – Shall mean Black Creek Diversified Property Fund Inc., a Maryland corporation. The Company may be referred to as “we” or “our” within the context of this document. Code – Shall mean the Internal Revenue Code of 1986, as amended.
Class T Shares means, subject to the discretion of the Directors and to meeting the applicable
Class T Shares has the meaning set forth in the Company’s Governing Agreements.
Class T Shares and shares of Class T2 common stock (“Class T2 Shares”) (collectively, the “DRP Shares”) at an offering price of $9.18 per Class A Share, $9.18 per Class I Share, $9.18 per Class T Share and $9.18 per Class T2 Share, or at such prices otherwise disclosed in the Prospectus, for issuance through the Company’s distribution reinvestment plan (the “DRP”) pursuant to the DRP Registration Statement (as defined below) and (b) up to $1,000,000,000 in Class A Shares, Class I Shares, Class T Shares and Class T2 Shares (the “Follow-On Shares” and together with the DRP Shares, the “Shares”) at an offering price of $10.200 per Class A Share, $9.273 per Class I Share, $9.766 per Class T Share and $9.714 per Class T2 Share, or at such prices otherwise disclosed in the Prospectus, for issuance through the Company’s follow-on offering (the “Follow-On Offering”) and together with the DRP Offering, the “Offerings”) pursuant to the Follow-On Registration Statement (as defined below), all upon the terms and subject to the conditions set forth in each Prospectus. On November 24, 2017, the Company ceased offering Class A Shares, Class I Shares and Class T Shares in its initial public offering (the “Initial Offering”) pursuant to a Registration Statement Form S-11 (File No. 333-191706) (the “Initial Offering Registration Statement”). For the avoidance of doubt, the Company will continue to pay the Class T Distribution and Servicing Fee with respect to Class T Shares purchased in the Initial Offering in accordance with Section 4(b) hereof. The Company will provide an estimated per share net asset value (“NAV”) of its common stock at least annually, at which time the Company’s board of directors may update the per share offering prices of Shares to reflect such updated estimated per share NAV amounts. The Company reserves the right to reallocate the Shares among the share classes in the Offerings. The Company also reserves the right to discontinue offering any class of Shares at any time during the Offerings, which shall be disclosed in each Prospectus.