DRP Shares definition

DRP Shares means Shares which on any Record Date are validly designated by a Participant, in accordance with these Rules, to participate in the DRP.
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DRP Shares means shares validly nominated in a Participant’s Notice of Application as shares to which the DRP shall apply and also shares otherwise taken under these Rules to participate in the DRP.
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DRP Shares and together with the Follow-On Shares, the “Shares”) in an offering of DRP Shares (the “DRP Offering,” and together with the Primary Offering and the Follow-On Offering, the “Offering”), at terms disclosed in a DRP Registration Statement (as defined below), all upon the terms and subject to the conditions set forth in the Prospectus. 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 (i) reallocate the Shares among the Class A Shares, Class T Shares, and Class I Shares and (ii) reallocate the Shares between the Primary Shares and the DRP Shares. The Company also reserves the right to discontinue offering any class of Shares at any time during the Offering, which shall be disclosed in the Prospectus.
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Examples of DRP Shares in a sentence

  • No Dealer Manager Fee will be paid in connection with DRP Shares.

  • No Selling Commissions will be paid for sales of DRP Shares, and Selling Commissions may be reduced or eliminated on certain sales of Shares, including the reduction or elimination of Selling Commissions in accordance with, and on the terms set forth in, the Prospectus.

  • The Company will not pay to the Dealer Manager any selling commissions in respect of the purchase of any DRP Shares.

  • Soliciting Dealer acknowledges and agrees that no Selling Commissions will be paid for sales of DRP Shares or in connection with the sale of Shares to investors whose contracts for investment advisory and related brokerage services include a fixed or “wrap” fee feature.

  • The Company will not pay selling commissions for sales of DRP Shares, and the Company will pay reduced selling commissions or may eliminate commissions on certain sales of Shares, including the reduction or elimination of selling commissions in accordance with, and on the terms set forth in, the Prospectus.

  • Participating Dealer acknowledges and agrees that no selling commissions or Dealer Manager Fees will be paid in respect of the sale of any DRP Shares.

  • No Dealer Manager Fee will be paid in connection with DRP Shares or Class I Shares.

  • No Platform Fee will be paid in connection with DRP Shares or Retail Shares.

  • No Dealer Manager Fee will be paid in connection with DRP Shares or Institutional Shares.

  • The Company will not pay the Dealer Manager Fee in respect of the purchase of any DRP Shares.


More Definitions of DRP Shares

DRP Shares means the Shares in respect of which a Shareholder has
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Related to DRP Shares

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Merger Shares has the meaning set forth in Section 2.4(c).

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.