Examples of Preferred Purchase Price in a sentence
At Closing, subject to the terms and conditions contained in this Agreement, including Section 1.03, in exchange for its interest in Two Harbors Property, Two Harbors LLC shall receive (a) the number of REIT Shares equal to the Contribution Consideration minus the number of REIT Shares equal to the Redeemable Preferred Purchase Price divided by the IPO Price and (b) 1,000 Redeemable Preferred Shares.
On the basis of the representations, warranties, covenants and agreements and subject to the satisfaction or waiver of the conditions set forth herein, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller (a) 1,089,863 of the Common Shares, for an aggregate purchase price of $2,299,610.93 (the "Common Purchase Price"), and (b) 97,676 of the Preferred Shares, for an aggregate purchase price of $1,500,000 (the "Preferred Purchase Price").
The Investor has and will have prior to the Closing Date, sufficient cash, available lines of credit or other sources of immediately available funds to enable it to timely deliver to the Company the aggregate Preferred Purchase Price payable hereunder by the Investor.
Once delivered, the Exchange Exercise Notice shall be irrevocable, subject to payment by the General Partner of the Convertible Preferred Purchase Price in respect of such Convertible Preferred Units in accordance with the terms hereof.
Payment of the Preferred Purchase Price shall be made, at the option of the exercising Preferred Holder or the Company, as the case may be, (i) in cash (by check or wire transfer), (ii) by cancellation of all or a portion of any outstanding indebtedness of the Preferred Seller to the Preferred Holder or the Company, as the case may be; or (iii) by any combination of the foregoing.