Common use of Cancellation of Offering Clause in Contracts

Cancellation of Offering. If the Company has not accepted Subscription Payments for a sufficient number of Investor Units on or before the Offering Termination Date, the Offering shall be canceled and all Subscription Payments received shall be promptly refunded to the subscribers.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (T Reit Inc), Operating Agreement (NNN 2003 Value Fund LLC)

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Cancellation of Offering. If the Company has not accepted Subscription Payments for a sufficient number of Investor Units the Minimum Offering Amount on or before the Offering Termination DateNovember 13, 2021, the Offering shall be canceled cancelled and all Subscription Payments received shall be promptly refunded to the subscribers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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