Closing of Other Subscription Transactions. Simultaneously with the Closing hereunder, the Company shall have received gross proceeds from the sale of Class C Shares and Convertible Preferred Shares totaling $60 million.
Appears in 2 contracts
Sources: Class B Common Stock and Warrant Purchase Agreement (Lyon William H), Class B Common Stock and Warrant Purchase Agreement (William Lyon Homes)
Closing of Other Subscription Transactions. Simultaneously with the Closing hereunder, the Company shall have received gross proceeds from the sale of Class C Shares and Convertible Preferred Shares totaling $60 millionmillion (which amount shall be calculated assuming that Subscriber has funded the purchase of the Committed Shares hereunder and shall include any proceeds received pursuant to the Backstop Commitment Letter).
Appears in 1 contract
Sources: Convertible Preferred Stock and Class C Common Stock Subscription Agreement (William Lyon Homes)