Common use of Minimum Private Placement Clause in Contracts

Minimum Private Placement. The aggregate gross proceeds received by GREAT from the concurrent sale of Common Shares hereunder and to other purchasers of Common Shares in the Private Placement shall be not less than $15,000,000.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Grove Real Estate Asset Trust), Securities Purchase Agreement (Grove Real Estate Asset Trust), Securities Purchase Agreement (Public Employees Retirement Association of Colorado)

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Minimum Private Placement. The aggregate gross proceeds received by GREAT from the concurrent sale of Common Shares hereunder and to other purchasers of Common Shares in the Private Placement shall be not less than $15,000,00017,500,000 (such minimum condition to be reduced to as low as $15.0 million, if and to the extent that limited partners entitled to receive Common Units in lieu of cash in the Exchange Offer elect to do so).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Grove Real Estate Asset Trust), Securities Purchase Agreement (Public Employees Retirement Association of Colorado)

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