Common use of Closing Dates and Delivery of Shares Clause in Contracts

Closing Dates and Delivery of Shares. In no event shall a sale of shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 9 contracts

Samples: Sales Agency Agreement (Corporate Property Associates International Inc), Sales Agency Agreement (Corporate Property Associates 16 Global Inc), Sales Agency Agreement (Corporate Property Associates 16 Global Inc)

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Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date.. " Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 4 contracts

Samples: Sales Agency Agreement (Corporate Property Associates 16 Global Inc), Sales Agency Agreement (Corporate Property Associates 17 - Global INC), Sales Agency Agreement (Corporate Property Associates 16 Global Inc)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you Ameriprise and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you the Dealer Manager and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing ” Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 3 contracts

Samples: KBS Real Estate (KBS Real Estate Investment Trust III, Inc.), Dealer Agreement (KBS Real Estate Investment Trust III, Inc.), Dealer Agreement (KBS Real Estate Investment Trust II, Inc.)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent Company’s transfer agent will at such time and place as instructed by you Ameriprise and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds maintained by the Company on deposit in the Escrow Deposit Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent Company’s transfer agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Deposit Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing ” Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 3 contracts

Samples: Selected Dealer Agreement (Cb Richard Ellis Realty Trust), Dealer Agreement (CNL Lifestyle Properties Inc), Selected Dealer Agreement (Cb Richard Ellis Realty Trust)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you Securities America and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you the Dealer Manager and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing ” Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 2 contracts

Samples: Selected Dealer Agreement (KBS Real Estate Investment Trust III, Inc.), Dealer Agreement (KBS Real Estate Investment Trust III, Inc.)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow applicable Agent Bank will at such time and place as instructed by you Ameriprise and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you the Sales Agent and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing ” Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 2 contracts

Samples: Selected Dealer Agreement (Corporate Property Associates 17 - Global INC), Selected Dealer Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Closing Dates and Delivery of Shares. In no event shall a sale of shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date"." Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 2 contracts

Samples: Advisory Agreement (Corporate Property Associates 14 Inc), Sales Agency Agreement (Corporate Property Associates 14 Inc)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you Ameriprise and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you the Sales Agent and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 2 contracts

Samples: Dealer Agreement (Corporate Property Associates 16 Global Inc), Corporate Property Associates 16 Global Inc

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Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow applicable Agent Bank will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company and on deposit in the Escrow Account escrow account of the applicable Agent Bank prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds on deposit in the Escrow Account escrow account of the applicable Agent Bank prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 1 contract

Samples: Sales Agency Agreement (Carey Watermark Investors Inc)

Closing Dates and Delivery of Shares. In no event shall a sale of shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow Agent shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP."

Appears in 1 contract

Samples: Sales Agency Agreement (Corporate Property Associates 15 Inc)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders investors (such date being herein referred to as the "Initial Closing Date"), the Escrow Agent will at such time and place as instructed by you Ameriprise and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company on deposit in the Escrow Account Agent’s designated escrow account (“Escrow Account”) prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you the Dealer Manager and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds funds on deposit in the Escrow Account prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing ” Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 1 contract

Samples: Dealer Agreement (CNL Properties Trust, Inc.)

Closing Dates and Delivery of Shares. In no event shall a sale of shares Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus. On the date Shares are first issued to Shareholders shareholders (such date being herein referred to as the "Initial Closing Date"), the Escrow applicable Agent Bank will at such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on such date of the conditions contained herein), deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds maintained by the Company and on deposit in the Escrow Account escrow account of the applicable Agent Bank prior to the date designated by the Company. If, after the Initial Closing Date, additional sales of Shares are made, on each such date (each such date being referred to as an "Additional Closing Date") and at each such time and place as instructed by you and the Company (which instruction shall be subject to the satisfaction on each such date of the conditions contained herein), the Escrow applicable Agent Bank shall be required to deliver to the Company or its designee immediately available funds in an amount equal to the Escrow Funds escrow funds on deposit in the Escrow Account escrow account of the applicable Agent Bank prior to the date specified by the Company. The Initial Closing Date and each Additional Closing Date are each herein referred to as a "Closing Date." Closing dates for purchases made pursuant to the DRIP will be as set forth in the DRIP.

Appears in 1 contract

Samples: Sales Agency Agreement (Corporate Property Associates 17 - Global INC)

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