Value of Securities. The parties hereto acknowledge and agree that the value of the Note is equal to the purchase price therefor set forth in Section 2.02 above and that the value of the Preferred Units will be equal to the cash capital contributions made in respect thereof set forth in Section 2.01 above (with each Preferred Unit being valued at $352.26 per Unit) and, in each case, will be reported as such by each such party for federal, state and local Tax purposes.
Appears in 2 contracts
Sources: Securities Purchase and Contribution Agreement (Paycom Software, Inc.), Securities Purchase and Contribution Agreement (Paycom Software, Inc.)