Class Z Shares definition

Class Z Shares means the class Z non-redeemable and non-convertible ordinary shares of USD 0.001 (one thousandth of a United States Dollar) each in the share capital of the Company;

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Class Z Shares means Shares which are designated as “Class Z Shares” and

Class Z Shares means, with respect to shares of any Portfolio established and designated by the Declaration, that class of Shares which is so designated by Section 6.2 hereof.

Examples of Class Z Shares in a sentence

• Class Z Shares are available only to certain ‘Eligible Investors” as provided in the Class Z prospectus of the Fund, as amended from time to time.

• Intermediary agrees to make Class Z Shares available to its customers only with written authorization from the Fund.

• The Trust may at any time designate its shareholder servicing, transfer and dividend disbursing agent as its agent to accept orders for (i) Class A Shares of the Funds at net asset value, or (ii) Class I Shares, or (iii) Class Z Shares, in each case from individuals or entities that are entitled to purchase such shares as provided in the Trust's prospectus, and to issue Shares directly to such purchasers.

• Intermediary agrees to only make Class Z Shares available to its customers only with written authorization from the Fund.

• The Trust may at any time designate its shareholder servicing, transfer and dividend disbursing agent as its agent to accept orders for (i) Class A Shares of the Funds at net asset value, or (ii) Class I Shares, or (iii) Class Z Shares, in either case from individuals or entities that are entitled to purchase such shares as provided in the Trust's prospectus, and to issue Shares directly to such purchasers.

• Class Z Shares are available only to certain ‘Eligible Investors” as provided in the Class Z prospectus of each Fund, as amended from time to time.

• In accordance with Section XVI of the Participating Dealer Agreement, this Amendment shall be deemed accepted and agreed to by Dealer upon placing an order for sale of Class Y Shares or Class Z Shares after receipt of this Amendment.

• The portion of the NAV allocable to Class Z Shares, calculated pursuant to the Valuation Guidelines.

• The Class A Shares, Class D Shares, Class I Shares, Class N Shares, Class T Shares Class S Shares, Class M-I Shares, Class T2 Shares and Class Z Shares.

• Newport Tiger Fund does not offer a 12b-1 plan for Class T and Class Z Shares.