Examples of DRIP Shares in a sentence
Holders of Shares may elect to reinvest cash distributions in additional Shares ("DRIP Shares").
The DRIP Shares are to be issued and sold to stockholders of the Company at a purchase price generally equal to the Company’s prior month’s NAV per share, or at a different purchase price made available to investors in cases where the Company believes there has been a material change to the NAV per Share since the end of the prior month, before any applicable selling commissions and dealer manager fees (“transaction price”) of the applicable class of shares on the date the distribution is payable.
The Company will not pay to the Dealer Manager any dealer manager fees in respect of the purchase of any Class S shares, Class D shares, Class I shares or DRIP Shares.
Dealer shall not receive selling commissions for sales of any DRIP Shares, or for sales of any Class D or Class I shares, whether in the Primary Offering or pursuant to the DRIP.
BRE shall have the right to terminate the Settlement and render it null and void in the event that persons or entities that otherwise would be Class Members who collectively held more than a certain percentage of DRIP Shares outstanding at the end of the Class Period timely and validly exclude themselves from the Class, as set forth in a separate agreement (the “Supplemental Agreement”) executed between Plaintiff and BRE, by and through their counsel.