Common use of Purchase of Class A Units Clause in Contracts

Purchase of Class A Units. (a) Subject to the terms and conditions set forth in this Agreement, M&N Holdings shall sell to the Company, and the Company shall purchase from M&N Holdings, the Holdings Class A Units for an aggregate cash purchase price equal to $105,662,806 (the “Purchase Price”). The price per Class A Unit shall be equal to the price per share of the Company’s Class A common stock in the Initial Public Offering. (b) The closing of such purchase and sale (the “Closing”) shall take place one business day following the date of this Agreement. At the Closing, (i) M&N Holdings shall deliver to the Company all instruments necessary to effect the sale and transfer of the Holdings Class A Units and (ii) the Company shall deliver the Purchase Price to M&N Holdings by wire transfer of immediately available funds to an account designed by M&N Holdings in writing.

Purchase of Class A Units. (a) Subject to the terms and conditions set forth in this Agreement, M&N Holdings shall sell to the Company, and the Company shall purchase from M&N Holdings, the Holdings Class A Units for an aggregate cash purchase price equal to $105,662,806 $ (the “Purchase Price”). The price per Class A Unit shall be equal to the price per share of the Company’s Class A common stock in the Initial Public Offering. (b) The closing of such purchase and sale (the “Closing”) shall take place one business day following the date of this Agreement. At the Closing, (i) M&N Holdings shall deliver to the Company all instruments necessary to effect the sale and transfer of the Holdings Class A Units and (ii) the Company shall deliver the Purchase Price to M&N Holdings by wire transfer of immediately available funds to an account designed by M&N Holdings in writing.