Common use of Purchase and Sale of the Preferred Securities Clause in Contracts

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Million Dollars ($20,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 3 contracts

Samples: Purchase Agreement (North Pointe Holdings Corp), Purchase Agreement (Meadowbrook Insurance Group Inc), Purchase Agreement (New York Mortgage Trust Inc)

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Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Five Million Dollars ($20,000,0005,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement (American Safety Insurance Holdings LTD), Purchase Agreement (Bresler & Reiner Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers 25,000 of the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Twenty-Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 2 contracts

Samples: Purchase Agreement (CBRE Realty Finance Inc), Purchase Agreement (CBRE Realty Finance Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers Trust the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Twenty-Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers Trust shall use the Purchase Price, together with the proceeds from the sale of the Common SecuritiesSecurities and the proceeds from the sale of Preferred Securities purchased by another purchaser, to purchase the Junior Subordinated Notes.

Appears in 2 contracts

Samples: Purchase Agreement (Deerfield Triarc Capital Corp), Purchase Agreement (Deerfield Triarc Capital Corp)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree Trust agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers Trust the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers Trust shall use the Purchase Price, together with the proceeds from the sale of the Common SecuritiesSecurities and the proceeds from the sale of Preferred Securities purchased by another purchaser, to purchase the Junior Subordinated Notes.

Appears in 2 contracts

Samples: Purchase Agreement (Deerfield Triarc Capital Corp), Purchase Agreement (Deerfield Triarc Capital Corp)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Ten Million Dollars ($20,000,00010,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 2 contracts

Samples: Purchase Agreement (Meadowbrook Insurance Group Inc), Purchase Agreement (Pxre Group LTD)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Six Million Two Hundred Fifty Thousand Dollars ($20,000,00026,250,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 2 contracts

Samples: Purchase Agreement (PMC Commercial Trust /Tx), Purchase Agreement (Jameson Inns Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Million Dollars ($20,000,000)17,500,000. The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers Trust shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Capstead Mortgage Corp)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Forty Million Dollars ($20,000,00040,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Bresler & Reiner Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an aggregate amount (the "Purchase Price") equal to Twenty Twenty-Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Redwood Trust Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Twenty-Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

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Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Million Dollars ($20,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Sunset Financial Resources Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an aggregate amount (the "Purchase Price") equal to Twenty Seventy-Five Million Dollars ($20,000,00075,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Redwood Trust Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase in the respective amounts set forth by their respective names on the signature page hereto from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Fifty Million Dollars ($20,000,00050,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Great Wolf Resorts, Inc.)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an aggregate amount (the "Purchase Price") equal to Twenty Twenty-Eight Million One Hundred Twenty-Five Thousand Dollars (U.S. $20,000,00028,125,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Vestin Realty Mortgage II, Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Twenty-Five Million Dollars ($20,000,00025,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Bresler & Reiner Inc)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Fifty Million Dollars ($20,000,00050,000,000). The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Homebanc Corp)

Purchase and Sale of the Preferred Securities. (a) The Sellers agree to sell to the Purchaser, and the Purchaser agrees to purchase from the Sellers the Preferred Securities for an amount (the "Purchase Price") equal to Twenty Million Dollars ($20,000,000)17,500,000. The Purchaser shall be responsible for the rating agency costs and expenses. The Sellers Trust shall use the Purchase Price, together with the proceeds from the sale of the Common Securities, to purchase the Junior Subordinated Notes.

Appears in 1 contract

Samples: Purchase Agreement (Capstead Mortgage Corp)

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