Common use of Private Placement Purchase Agreement Clause in Contracts

Private Placement Purchase Agreement. The private placement purchase agreement relating to the Concurrent iStar Placement (the “Private Placement Purchase Agreement”), to be entered into between the Company and iStar, has been duly authorized and, at the Closing Time, will be duly executed and delivered by the Company and will constitute a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general equitable principles.