Cash Transfer. Seller shall have transferred to Purchaser cash in the amount of $40,142,040.82 for the purpose of reducing the outstanding Purchase Price of the Subject Purchased Assets (the cash transferred, the “Subject Purchase Price Reduction”), such that on the Effective Date, the outstanding Purchase Price of each Subject Purchased Asset is set forth on Schedule A attached hereto;
Appears in 2 contracts
Sources: Forbearance Agreement and Seventh Amendment to Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.), Forbearance Agreement and Seventh Amendment to Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)