SAYT definition
Examples of SAYT in a sentence
SAYT agrees, and shall cause any of its Affiliates to whom it may transfer Shares to agree on behalf of itself and to require any subsequent transferees that are Affiliates to agree that, with respect to any Shares purchased pursuant to this Agreement, it will not vote or consent on certain matters submitted to the Shareholders, including without limitation, the removal of H▇▇▇▇▇▇▇ Advisor or any of its Affiliates as the Company’s Advisor (as such term is defined in the Advisory Agreement).
The fee shall be waived for any quarter during the Distribution Support Period during which SAYT is required to purchase Common Shares pursuant to the terms of the Distribution Support Agreement.
As long as it is a Member of the Company, SAYT Member shall not resign as Managing Member without the prior consent of REIT Member.
This Agreement may not be assigned by either party; provided, however, that SAYT may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve SAYT of its obligations hereunder.
Any Shares purchased by SAYT pursuant to this Section 3 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Shares, and further provided, that SAYT shall not be obligated to purchase Shares pursuant to this Agreement until after the end of the first full calendar quarter following the first quarter in which the Company issues Shares in the Offering.
This Agreement shall be in effect until the earlier of (a) the fifth anniversary of the initial closing of the Offering; (b) the date on which SAYT has purchased an aggregate amount of Shares pursuant to this Agreement equal to $15,000,000; or (c) the date upon which neither H▇▇▇▇▇▇▇ Advisor nor another Affiliate of SAYT is serving as the Company’s Advisor (as such term is defined in Advisory Agreement) with responsibility for the Company’s day-to-day operations (the “Term”).
SAYT shall pay or reimburse the Company for all of the Company’s Organization and Offering Costs.
SAYT MASTER HOLDCO LLC, a Delaware limited liability company By: /S/ J▇▇▇▇▇ ▇.
All notices shall be in writing and shall be given or made, by delivery in person or by guaranteed delivery overnight courier to SAYT at the address set forth below: SAYT Master Holdco LLC 1▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: General Counsel or to such other address as SAYT may designate to the Company in writing.
No SPAC Contract provides for a Tax gross-up, make-whole or similar payment with respect to the Taxes imposed under Sections 409A or 4999 of the Code.