Share Issuances to Original Shareholders. (a) On or about the Original Date, the Company issued and sold to each Original Shareholder, and each Original Shareholder purchased from the Company, 100 Shares at a purchase price of $250.00 per Share. (b) Within five business days after the Company notified the Original Shareholders that the Department of Insurance of the State of Indiana had notified the Company that it intended to commence its financial review of the Company, the Company issued and sold to each Original Shareholder, and each Original Shareholder purchased from the Company, an additional 19,900 Shares at a purchase price of $250.00 per Share.
Appears in 6 contracts
Samples: Shareholders Agreement (Hospitality Properties Trust), Shareholders Agreement (Travelcenters of America LLC), Shareholders Agreement (HRPT Properties Trust)
