Common use of Procedure for Purchase of Shares Clause in Contracts

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. (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 (i) the number of Shares to be purchased by NSAM FV pursuant to Section 2 above and (ii) 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.