Purchase of GGO Common Stock. (a) On the terms and subject to the conditions set forth herein, the Plan shall provide that at the Closing, each Purchaser shall purchase from GGO, and GGO shall sell to such Purchaser, a number of shares of GGO Common Stock (the “GGO Shares”) equal to its GGO Pro Rata Share of 2,625,000 shares of GGO Common Stock, for a price per share equal to $47.619048 (the “GGO Per Share Purchase Price” and such $125,000,000 aggregate purchase price, the “GGO Purchase Price”). At the Closing the Purchasers shall cause the GGO Purchase Price to be paid by wire transfer of immediately available U.S. Dollar funds to such account or accounts as the Company shall have designated in writing prior to the Closing.
Appears in 6 contracts
Samples: Stock Purchase Agreement (Pershing Square Capital Management, L.P.), Stock Purchase Agreement (General Growth Properties, Inc.), Stock Purchase Agreement (General Growth Properties, Inc.)
