Common use of Put Purchase Price Clause in Contracts

Put Purchase Price. Upon the receipt by Compost of any such Put Election at any time(s), Lionhart shall have the duty to sell to Compost, and Compost shall have the duty to purchase from Lionhart, on the First Anniversary Date of the Maturity Date of such Mortgage Note, all such Excess Common Shares for which, pursuant to such Put Election, Lionhart has exercised a Put Option #2, for the purchase price ("Put Purchase Price") of US $3.20 per share of each such Excess Common Share, which shall be paid by Compost to Lionhart in US cash or currency, or equivalent good US funds, on the "First Anniversary Date of the Maturity Date of such Mortgage Note" (as that term is defined under Section 10.4 of this Agreement).

Put Purchase Price. Upon the receipt by Compost of any such Put Election at any time(s), Lionhart shall have the duty to sell to Compost, and Compost shall have the duty to purchase from Lionhart, on the First Anniversary Date of the Maturity Date of such Mortgage Note, all such Excess Conversion Common Shares for which, pursuant to such Put Election, Lionhart has exercised a Put Option #2# 1, for the purchase price ("Put Purchase Price") of US $3.20 3.10 per share of each such Excess Conversion Common Share, which shall be paid by Compost to Lionhart in US cash or currency, or equivalent good US funds, on the "First Anniversary Date of the Maturity Date of such Mortgage Note" (as that term is defined under Section 10.4 9.4 of this Agreement).