When BXDC insiders can sell

However, shares issued to our directors and officers are subject to lock-up arrangements, as described herein, and generally may not be sold for 180 days from the date of this prospectus, except subject to certain exceptions or with the prior written consent of the representatives of the underwriters. Future offerings of debt securities or perpetual preferred stock, which would be senior to our common stock upon liquidation, or other equity securities, which would dilute our existing stockholders and may be senior to our common stock for the purposes of distributions, may adversely affect the market price of our securities. In the future, we may attempt to increase our capital resources by making additional offerings of debt or equity securities, including perpetual preferred stock.

…bove, that the donee, devisee, transferee or distributee has agreed to be bound in writing by the restrictions set forth in the lock-up agreement; (b) the establishment of a written plan meeting the requirements of Rule 10b5-1 under the Exchange Act, provided that none of the securities subject to such plan may be transferred, sold or otherwise disposed of until after the expiration of the lock-up period and no public announcement, report or filing under the Exchange Act shall be voluntarily made (whether by or on behalf of the security holder, the company or any other party) regarding, or that otherwise discloses, the establishment…

These relationships could influence our Manager's decision whether to require, cause or invite us or Portfolio Entities to make charitable contributions. Further, from time to time, such charitable contributions by us or the Portfolio Entities could supplement or replace charitable contributions that Blackstone would have otherwise made. Also, in certain instances, our Manager may, from time to time, select a service provider or other counterparty for us or our investments based, in part, on the charitable initiatives of such person where our Manager believes such charitable initiatives could, directly or indirectly, enhance the value of our investments or otherwise be beneficial to the Portfolio Entities.

…er by a security holder of shares of common stock or any securities convertible into, exchangeable for, or that represent the right to receive shares of common stock: (i) as one or more bona fide gifts, or for bona fide estate planning purposes, including without limitation to charitable organizations or educational institutions; (ii) upon death by will, testamentary document or intestate succession; (iii) if the security holder is a natural person, to any member of the security holder's immediate family or to any other dependent of the security holder; (iv) to any trust, partnership, limited liability company or other entity for th…

Generally, commercial real estate mortgage financings are structured as non-recourse to the borrower, which limits a lender's recourse to the property pledged as collateral for the loan, and not the other assets of the borrower or to any parent of borrower, in the event of a loan default. However, lenders customarily will require that a creditworthy parent entity enter into so-called "recourse carveout" guarantees to protect the lender against certain bad-faith or other intentional acts of the borrower in violation of the loan documents, and in certain cases other guarantees or indemnities may be required that will render all or a portion of the loan recourse to the guarantor thereunder.

…$ 19.10 $ 1,681,752,550.00 (1) Gives effect to the fact that no underwriting discounts and commissions will be paid with respect to shares issued to the Blackstone Investor, participants in the directed share program or any bonus shares issued to IPO investors. Underwriting discounts and commissions paid on all other shares offered hereby are equal to $0.90 per share, of which $0.70 per share will be paid at the completion of this offering and $0.20 per share will be paid six months following the completion of this offering. Please see the section entitled "Underwriting" for a description of compensation payable to the underwriters.

…rice or withholding taxes, shares not issued upon the settlement of a stock appreciation right that settles (or could settle) in shares of common stock and shares purchased on the open market with cash proceeds from the exercise of options will not be recycled or replenish the Stock Incentive Plan Share Limit and will not be available for awards under the Stock Incentive Plan. No award may be granted under the Stock Incentive Plan after the tenth anniversary of the effective date, unless the Stock Incentive Plan is reapproved by our stockholders, but awards theretofore granted may extend beyond that date. Persons Eligible to Partici…