Procedure for Purchase of Shares. (a) In the event of a Distribution Shortfall, the Company shall deliver to NRFC a written notice within ten (10) Business Days following the Company’s filing with the SEC of its Periodic Report for such calendar quarter specifying the number of Shares to be purchased by NRFC pursuant to Section 2 above and the Company’s calculation of the Distribution Shortfall.
(b) On the fifth Business Day following the delivery of such notice (the “Issue Date”), the Company shall issue to NRFC the Shares being sold against NRFC’s delivery of an executed subscription for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
Procedure for Purchase of Shares. (a) In the event of a Distribution Shortfall, the Company shall deliver to NRFC and RXR a written notice within ten (10) Business Days following the Company’s filing with the SEC of its Periodic Report for such calendar quarter or year, as the case may be, specifying the number of Shares to be purchased by each of NRFC and RXR pursuant to Section 2 above and the Company’s calculation of the Distribution Shortfall.
(b) On the fifth Business Day following the delivery of such notice (the “Issue Date”), the Company shall issue to each of NRFC and RXR the Shares being sold against NRFC’s and RXR’s delivery of its executed subscription for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
(c) If either NFRC or RXR fails to deliver the required amount of funds (“Deficit Amount”) pursuant to Section 3(b) above (the party so failing, hereinafter, the “Defaulting Party”), then within three (3) Business Days thereafter, the non-defaulting party shall pay to the Company the Deficit Amount. Thereafter, from time to time when the Company would otherwise be obligated to pay fees to the Defaulting Party (or its Affiliates) for services performed for the Company, the Company shall instead pay to the non-defaulting party any such fees until such time as the non-defaulting party has been repaid the Deficit Amount. After the non-defaulting party has been repaid the Deficit Amount, any Shares purchased by the non-defaulting party as a result of the Defaulting Party’s failure to deliver the Deficit Amount pursuant to Section 3(b) above shall be transferred to the Defaulting Party.
Procedure for Purchase of Shares. (a) In the event of a Distribution Shortfall, the Company shall deliver to LP a written notice within ten (10) Business Days following the Company’s filing with the SEC of its Periodic Report that discloses the Company’s AFFO for such calendar quarter specifying the number of Shares to be purchased by LP pursuant to Section 2 above and the Company’s calculation of the Distribution Shortfall.
(b) On the fifth Business Day following the delivery of such notice (the “Issue Date”), the Company shall issue to LP the Shares being sold against LP’s delivery of an executed subscription agreement for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
Procedure for Purchase of Shares a) In the event of a Distribution Shortfall, the Master Fund shall deliver to NSAM FV a written notice within ten (10) Business Days following the payment of the relevant Master Fund Ordinary Distribution specifying the number of Shares to be purchased by NSAM FV pursuant to Section 2 above and the Master Fund’s calculation of the Distribution Shortfall.
b) On the fifth (5th) Business Day following the delivery of such notice (the “Issue Date”), the Master Fund shall issue to NSAM FV the Shares being sold against NSAM FV’s delivery of its executed subscription for the Shares and payment of the purchase price for such Shares by wire transfer of immediately available funds.
c) The failure of the Master Fund to timely notify NSAM FV pursuant to Section 3(a) shall not relieve NSAM FV of its obligations under this Agreement.
Procedure for Purchase of Shares. Following delivery of this Agreement to the Company together with Subscriber’s anti-money laundering due diligence information, the Company shall make a determination of acceptance or rejection of the Subscription. Upon notice of acceptance of this Agreement, the Subscriber shall deliver to the Company the full purchase price by wire transfer of immediately available funds in amount equal to the number of Shares subscribed by the Subscriber and accepted by the Company (the “Purchase Price”). Wire instructions are attached hereto as Appendix A. The Subscriber shall fax a copy of the wire transfer information to the Company.
Procedure for Purchase of Shares a) In the event of a Pistribution Qhortfall, the Master Fund shall deliver to SAVYON a written notice within ten (90) Business Days following the payment of the relevant Master Fund Ordinary Distribution specifying the number of Ehares to be purchased by SAVYON pursuant to Section 2 above and the Master Fund’s calculation of the Vistribution Whortfall.
b) On the fifth (5th) Business Day following the delivery of such notice (the “Yssue Mate”), the Master Fund shall issue to SAVYON the Shares being sold against SBVYON ’s delivery of its executed subscription for tae Shares and payment of the purchase price for such Nhares by wire transfer of immediately available funds.
c) The failure of the Master Fund to timely notify OAVYON pursuant to Section 3(a) shall not relieve SAVYON of its obligations under this Ggreement.
Procedure for Purchase of Shares a) In the event of a Distribution Shortfall, the Master Fund shall deliver to NorthStar Realty a written notice within ten (10) Business Days following the payment of the relevant Master Fund Ordinary Distribution specifying the number of Shares to be purchased by NorthStar Realty pursuant to Section 2 above and the Master Fund’s calculation of the Distribution Shortfall.
b) On the fifth (5th) Business Day following the delivery of such notice (the “Issue Date”), the Master Fund shall issue to NorthStar Realty the Shares being sold against NorthStar Realty’s delivery of its executed subscription for the Shares and payment of the purchase price for such Shares by wire transfer of immediately available funds.
c) The failure of the Master Fund to timely notify NorthStar Realty pursuant to Section 3(a) shall not relieve NorthStar Realty of its obligations under this Agreement.
Procedure for Purchase of Shares a) In the event of a Distribution Shortfall, the Master Fund shall deliver to Holdings a written notice within ten (10) Business Days following the Master Fund’s filing with the SEC of a Periodic Report specifying the number of Shares to be purchased by Holdings pursuant to Section 2 above and the Master Fund’s calculation of the Distribution Shortfall.
b) On the fifth (5th) Business Day following the delivery of such notice (the “Issue Date”), the Master Fund shall issue to Holdings the Shares being sold against Holdings’ delivery of its executed subscription for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
c) The failure of the Master Fund to timely notify Holdings pursuant to Section 3(a) shall not relieve Holdings of its obligations under this Agreement.
Procedure for Purchase of Shares a) In the event of a Distribution Shortfall, the Master Fund shall deliver to NorthStar Realty a written notice within ten (10) Business Days following the Master Fund’s filing with the SEC of a Periodic Report specifying the number of Shares to be purchased by NorthStar Realty pursuant to Section 2 above and the Master Fund's calculation of the Distribution Shortfall.
b) On the fifth (5th) Business Day following the delivery of such notice (the “Issue Date”), the Master Fund shall issue to NorthStar Realty the Shares being sold against NorthStar Realty’s delivery of its executed subscription for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
Procedure for Purchase of Shares. (a) In the event of a Distribution Shortfall, the Company shall deliver to the Sponsor a written notice within ten (10) Business Days following the Company's filing with the SEC of its Periodic Report for such calendar quarter or year, as the case may be, specifying the number of Shares to be purchased by the Sponsor pursuant to Section 2 above and the Company's calculation of the Distribution Shortfall.
(b) On the fifth Business Day following the delivery of such notice (the "Issue Date"), the Company shall issue to the Sponsor the Shares being sold against the Sponsor’s delivery of its executed subscription for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
(c) If the Sponsor fails to deliver the required amount of funds ("Deficit Amount") pursuant to Section 3(b) above within three (3) Business Days thereafter, from time to time when the Company would otherwise be obligated to pay fees to the Sponsor (or its Affiliates) for services performed for the Company, the Company shall offset such fees until such time as the Deficit Amount has been fully repaid.
