Examples of Share Redemption Program in a sentence
The Dealer also acknowledges that the Company’s Share Redemption Program (the “Program”) provides only a limited opportunity for investors to have their Shares redeemed by the Company and that the Company’s board of directors may, in its sole discretion, amend, suspend, or terminate the Program at any time in accordance with the terms of the Program.
The Manager and our Board of Directors have designed our Share Redemption Program with a view towards providing investors with an initial period during which to decide whether a long-term investment in the Company is right for them.
Redemption of Equity Interests of the REIT Guarantor pursuant to the Share Redemption Program shall be permitted pursuant to Section 9.6(b).
Notwithstanding anything to the contrary in this paragraph, upon the triggering of a Pro-Rata Period as defined in the General Partner’s Second Amended and Restated Share Redemption Program, effective as of December 10, 2018 (as it may be amended from time to time, the “SRP”), distribution of the Performance Allocation shall be deferred until all REIT Share redemption requests under the SRP are satisfied.
Transfers may also be made pursuant to the Senior Executive RSU Program, subject to the conditions herein, and notwithstanding the fact that the Class I Shares participants receive pursuant to the Senior Executive RSU Program are not acquired directly from DPF, such Class I Shares shall be eligible for redemption under DPF’s Share Redemption Program, subject to applicable restrictions under DPF’s Insider Trading Policy.
Transfers outside of the Share Redemption Program and/or the Senior Executive RSU Program will be permitted on a case-by-case basis if approved by the Board of DPF and such transfers must comply with applicable laws.
The Class I Shares received by the Advisor pursuant to this Agreement upon settlement of the Units or as Dividend Equivalents shall be eligible for redemption under DPF’s Share Redemption Program, subject to applicable restrictions under DPF’s Insider Trading Policy.
The Advisor shall notify participants in the Senior Executive RSU Program that, notwithstanding the fact that the Class I Shares they receive pursuant to the Senior Executive RSU Program are not acquired directly from DPF, such Class I Shares shall be eligible for redemption under DPF’s Share Redemption Program, subject to applicable restrictions under DPF’s Insider Trading Policy, and shall be transferable upon the participant’s death.
The Grantee may not redeem any Share awarded pursuant to this Agreement and the Plan prior to the third anniversary of the date hereof, pursuant to the Company's Share Redemption Program.
The Company’s Second Amended and Restated Class A, W and I Share Redemption Program for Class A, Class W and Class I Shares is currently in effect, operates as set forth in the Prospectus, and has not been amended, suspended or terminated.