Common use of Sale and Purchase of MRP Shares Clause in Contracts

Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C MRP Shares and the Series D MRP Shares issued hereunder are each herein sometimes referred to as MRP Shares of a “series.”

Appears in 1 contract

Samples: Securities Purchase Agreement (Tortoise MLP Fund, Inc.)

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Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C E MRP Shares and the Series D F MRP Shares issued hereunder are each herein sometimes referred to as MRP Shares of a “series.”

Appears in 1 contract

Samples: Credit Agreement (Tortoise MLP Fund, Inc.)

Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C MRP Shares and the Series D MRP Shares issued hereunder are each herein sometimes referred to as MRP Shares of a “series.”

Appears in 1 contract

Samples: Securities Purchase Agreement (Tortoise Midstream Energy Fund, Inc.)

Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing Closings provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C A MRP Shares and the Series D MRP B MPR Shares issued hereunder are each herein sometimes referred to as MRP Shares of a “series.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tortoise MLP Fund, Inc.)

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Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company Fund will issue and sell to each Purchaser and each Purchaser will purchase from the CompanyFund, at the Closing provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00100,000. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C A MRP Shares, the Series B MRP Shares and the Series D C MRP Shares issued hereunder are each herein sometimes referred to as MRP Shares of a “series.”

Appears in 1 contract

Samples: Securities Purchase Agreement (ClearBridge Energy MLP Opportunity Fund Inc.)

Sale and Purchase of MRP Shares. Subject to the terms and conditions of this Agreement, the Company Fund will issue and sell to each Purchaser and each Purchaser will purchase from the CompanyFund, at the Closing provided for in Section 3, the number of shares of MRP Shares and of the series specified opposite such Purchaser’s name in Schedule A at a price per share of $25.00100,000. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. The Series C A MRP Shares Shares, the Series B MRP Xxxxxx and the Series D C MRP Shares Xxxxxx issued hereunder are each herein sometimes referred to as MRP Shares of a “series.”

Appears in 1 contract

Samples: Securities Purchase Agreement (ClearBridge Energy MLP Total Return Fund Inc.)

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