Common use of Pro Rata Reductions with Fairholme Agreement Clause in Contracts

Pro Rata Reductions with Fairholme Agreement. No election by the Company pursuant to Section 1.4 shall be made unless the Company is making a similar election under the Fairholme Agreement, such that each of the aggregate number of Shares required to be purchased at Closing is allocated as among each Purchaser and among each of the Fairholme Purchasers under the Fairholme Agreement in accordance with the applicable GGP Pro Rata Share.

Appears in 3 contracts

Samples: Stock Purchase Agreement (General Growth Properties Inc), Stock Purchase Agreement, Stock Purchase Agreement (Pershing Square Capital Management, L.P.)

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Pro Rata Reductions with Fairholme Agreement. No election by the Company pursuant to Section 1.4 shall be made without the consent of PSCM unless the Company is making a similar election under the Fairholme Agreement, such that each of the aggregate number of Shares required to be purchased at Closing is allocated as among each Purchaser and among each of the Fairholme Purchasers under the Fairholme Agreement in accordance with the applicable GGP Pro Rata Share.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pershing Square Capital Management, L.P.), Stock Purchase Agreement (General Growth Properties Inc)

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