Common use of Sale of Preferred Shares Clause in Contracts

Sale of Preferred Shares. At the closings provided for in Article 3 hereof (each a "Closing"): (i) the Company shall issue and sell an aggregate of 1,351,351 Preferred Shares to the Investor, and shall deliver to the Investor a stock certificate or certificates representing all of the Preferred Shares, registered in the Investor's or its nominee's name; and (ii) the Investor shall purchase, acquire and accept such Preferred Shares for $18.50 per share (the "Purchase Price") or an aggregate of approximately twenty-five million dollars ($25,000,000.00). Section 2.2

Appears in 1 contract

Samples: Investment Agreement (Five Arrows Realty Securities L L C)

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Sale of Preferred Shares. At the closings provided for for, and subject in all respects to the terms and conditions set forth, in Article 3 and Section 10.7 hereof (each a "Closing"): (i) the Company shall issue and sell an aggregate of 1,351,351 2,000,000 Preferred Shares to the Investor, and shall deliver to the Investor a stock certificate or certificates representing all of the Preferred Shares, registered in the Investor's or its nominee's name; and (ii) the Investor shall purchase, acquire and accept such Preferred Shares for $18.50 12.50 per share (the "Purchase Price") or an aggregate aggregate, if all such 2,000,000 Preferred Shares shall be issued, of approximately twenty-five million dollars ($25,000,000.00). Section 2.2

Appears in 1 contract

Samples: Investment Agreement (Five Arrows Realty Securities L L C)

Sale of Preferred Shares. At the closings provided for in Article 3 hereof (each a "Closing"): (i) the Company shall issue and sell an aggregate of 1,351,351 1,411,765 Preferred Shares to the Investor, and shall deliver to the Investor a stock certificate or certificates representing all of the Preferred Shares, registered in the Investor's or its nominee's name; and (ii) the Investor shall purchase, acquire and accept such Preferred Shares for $18.50 21.25 per share (the "Purchase Price") or an aggregate of approximately twenty-five thirty million dollars ($25,000,000.0030,000,000.00). Section 2.2.

Appears in 1 contract

Samples: Investment Agreement (Pacific Gulf Properties Inc)

Sale of Preferred Shares. At the closings provided for in Article 3 hereof (each a "Closing"): (i) the Company shall issue and sell an aggregate of 1,351,351 1,411,765 Preferred Shares to the Investor, and shall deliver to the Investor a stock certificate or certificates representing all of the Preferred Shares, registered in the Investor's or its nominee's name; and (ii) the Investor shall purchase, acquire and accept such Preferred Shares for $18.50 21.25 per share (the "Purchase Price") or an aggregate of approximately twenty-five thirty million dollars ($25,000,000.0030,000,000.00). Section 2.2

Appears in 1 contract

Samples: Investment Agreement (Five Arrows Realty Securities L L C)

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Sale of Preferred Shares. At the closings provided for in Article 3 hereof (each a "Closing"): (i) the Company shall issue and sell an aggregate of 1,351,351 Preferred Shares to the Investor, and shall deliver to the Investor a stock certificate or certificates representing all of the Preferred Shares, registered in the Investor's or its nominee's name; and (ii) the Investor shall purchase, acquire and accept such Preferred Shares for $18.50 per share (the "Purchase Price") or an aggregate of approximately twenty-five million dollars ($25,000,000.00). Section 2.2.

Appears in 1 contract

Samples: Investment Agreement (Pacific Gulf Properties Inc)

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