Common use of Purchase of Interests Clause in Contracts

Purchase of Interests. (a) Subject to the terms and conditions of this Purchase Agreement, Purchaser hereby irrevocably agrees to purchase the Interests in exchange for the Consideration (as defined below) and otherwise upon the terms and conditions set forth herein (the “Purchase”) at the Closing. The Interests being purchased under this Purchase Agreement are also referred to herein collectively as the “Securities.” The rights and preferences of the Interests are as set forth in the Operating Agreement.

Purchase of Interests. (a) Subject to the terms and conditions of this Purchase Agreement, each Purchaser hereby irrevocably agrees to purchase the such Purchaser’s respective Interests in exchange for the Consideration (as defined below) to be delivered by such Purchaser, and otherwise upon the terms and conditions set forth herein (the “Purchase”) at the Closing). The Interests being purchased under this Purchase Agreement are also referred to herein collectively as the “Securities.” The rights and preferences of the Interests are as set forth in the Operating Agreement.