Common use of Share Purchase Commitment Clause in Contracts

Share Purchase Commitment. In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC shall purchase Class A Shares from the Company in an amount equal to the Distribution Shortfall; provided, however, that NRFC shall not be obligated to purchase Class A Shares for any quarter in which MFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s obligation to purchase Class A Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in Class A Shares (including amounts purchased to satisfy the minimum Offering amount). NRFC’s remaining commitment to purchase Class A Shares under this Agreement shall be limited to an aggregate of $6,106,279 after reductions for (a) NRFC’s initial $2,000,007 purchase of Class A Shares to satisfy the minimum Offering amount and (b) NRFC’s subsequent purchase of 210,413 Class A Shares for an aggregate purchase price of $1,893,714 to fund prior Distribution Shortfalls. Any Class A Shares purchased by NRFC pursuant to this Section 2 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Class A Shares.

Share Purchase Commitment. In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC shall purchase Class A Shares from the Company in an amount equal to the Distribution Shortfall; provided, however, that NRFC shall not be obligated to purchase Class A Shares for any quarter in which MFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s obligation to purchase Class A Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in Class A Shares (including amounts purchased to satisfy the minimum Offering amount). NRFC’s remaining commitment to purchase Class A Shares under this Agreement shall be limited to an aggregate of $6,106,279 after reductions for (a) NRFC’s initial $2,000,007 purchase of Class A Shares to satisfy the minimum Offering amount and (b) NRFC’s subsequent purchase of 210,413 226,262 Class A Shares for an aggregate purchase price of $1,893,714 2,038,738 to fund prior Distribution Shortfalls. Any Class A Shares purchased by NRFC pursuant to this Section 2 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Class A Shares.