Acceptance or Rejection of Subscriptions. The Issuer has the right to accept or reject any subscription. Only upon the acceptance of a subscription by the Issuer is a sale made. Upon the acceptance of a subscription, the Issuer shall execute the acceptance on the Subscription Agreement, and shall forward a duplicate of the accepted Subscription Agreement to the subscriber with a copy to the Agent.
Acceptance or Rejection of Subscriptions. You agree that all subscriptions for Common Stock (including this subscription) are made subject to the following terms and conditions:
Acceptance or Rejection of Subscriptions. The Company has the right to reject this subscription for the Common Stock, in whole or in part, for any reason and at any time prior to a Closing with respect to this subscription, notwithstanding prior receipt by the Investor of notice of acceptance of this subscription. The Common Stock subscribed for herein shall not be deemed issued to or owned by the Investor until a copy of this Subscription Agreement has been executed by the Investor and accepted and countersigned by the Company, and a Closing with respect to this subscription has occurred.
Acceptance or Rejection of Subscriptions. The Company has the right, in its sole discretion, to accept or reject any Purchaser. Only upon the acceptance of investor subscription by the Company is a sale made.
Acceptance or Rejection of Subscriptions. The Company reserves the right to accept or reject any subscription, in whole or in part. Any subscription that is not accepted will be returned without interest or deduction and the Subscription Agreement will have no force or effect. A Subscription shall not be deemed to have been accepted by the Company unless and until a Subscription Agreement completed and signed by the Investor has been accepted and signed by the Company. The Debentures subscribed for herein shall not be deemed to have been sold to a Subscriber until the Subscription Agreement has been executed by both the Subscriber and the Company and the Company accepts subscriptions for all of the Debentures offered herein, or $3,000,000. Maturity Date and Interest Rate of the Debentures The maturity date of the Debentures shall be six years from the issue date of each of the Debentures. The Debentures may not be prepaid without the written consent of the Holder, which consent may be withheld for any reason or no reason whatsoever. The maturity date may be extended upon the written consent of the Holder, which consent may be withheld for any reason or no reason whatsoever. Interest on the outstanding principal of the Debentures shall accrue, beginning 180 calendar days after the date of issue of each of the Debentures. Interest on the outstanding principal of the Debentures shall be 4% per annum. Interest shall be computed on the basis of the actual number of days elapsed and a year of three hundred and sixty-five days and shall be calculated as of December 31 of each calendar year and payable on or before March 1 of the following year. Any interest due on the Debentures shall, at the option of the Company, be payable in cash or in Common Stock. If paid in Common Stock, the number of shares of Common Stock payable shall be computed by dividing the interest due by the average closing price of the Common Stock for the thirty consecutive business days immediately prior to the payment date.
Acceptance or Rejection of Subscriptions. The Investor agrees that the Investor’s subscription for Units is made subject to the following terms and conditions:
Acceptance or Rejection of Subscriptions. The Issuer and the Placement Agent each have the right to accept or reject any subscription. Only upon the acceptance of a subscription by the Issuer without the rejection of the subscription by the Placement Agent is a sale made.
