Common use of Share Purchase Commitment Clause in Contracts

Share Purchase Commitment. In the event of a Distribution Shortfall for any month during the Term, NorthStar Realty shall purchase Shares from the Master Fund in an aggregate amount equal to the Distribution Shortfall; provided, however, that NorthStar Realty shall not be obligated to purchase Shares for any month in which NII for such month exceeds the Threshold Amount, and further provided that NorthStar Realty’s obligation to purchase Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in purchase amount (when aggregated with any Shares purchased by NorthStar Realty or any of its Affiliates as the Seed Capital Investment). Any Shares purchased by NorthStar Realty pursuant to this Section 2 shall be purchased at NAV as of the date of purchase of the Shares.

Share Purchase Commitment. In the event of a Distribution Shortfall for any month calendar quarter during the Term, NorthStar Realty shall purchase Shares from the Master Fund in an aggregate amount equal to the Distribution Shortfall; provided, however, that NorthStar Realty shall not be obligated to purchase Shares for any month quarter in which NII for such month quarter exceeds the Threshold Amount, and further provided that NorthStar Realty’s obligation to purchase Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 8,000,000 in purchase amount (when aggregated with any Shares purchased by NorthStar Realty or any of its Affiliates as the Seed Capital Investment)amount. Any Shares purchased by NorthStar Realty pursuant to this Section 2 shall be purchased at NAV as of the date of purchase of the Shares.