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.
Appears in 13 contracts
Samples: Distribution Support Agreement (NorthStar Healthcare Income, Inc.), Distribution Support Agreement (NorthStar Real Estate Income II, Inc.), Distribution Support Agreement (NorthStar Healthcare Income, Inc.)
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 agreement in the Offering form attached hereto as Exhibit A and payment of the purchase price for such Shares by wire transfer of immediately available funds.
Appears in 6 contracts
Samples: Distribution Support Agreement, Distribution Support Agreement (NorthStar Senior Care Trust, Inc.), Distribution Support Agreement (NorthStar Senior Care Trust, Inc.)
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 agreement for the Offering and payment of the purchase price for such Shares by wire transfer of immediately available funds.
Appears in 2 contracts
Samples: Distribution Support Agreement (NorthStar Real Estate Income Trust, Inc.), Distribution Support Agreement (NorthStar Real Estate Income Trust, Inc.)
