Common use of Collection Procedure Clause in Contracts

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company to forward each Payment for Federal Reserve Bank clearing and upon collection of the proceeds of each Payment, to deposit the collected proceeds into the Escrow Account. (c) The Escrow Agent will timely notify the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify the Company of any Payment returned unpaid. Any Payment returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the Payment. In such cases, the Transfer Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of the Company rejects any subscription for Shares and the funds for such subscription have already been collected by the Escrow Agent, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, promptly issue a refund payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber. If the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription for clearing, the Escrow Agent shall promptly issue a payment in the amount of such Payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the rejected or withdrawing subscriber, the Escrow Agent shall promptly remit such Payment to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for shall be under no duty or responsibility to enforce collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) any checks delivered to Escrow Agent. The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing collection and upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) . As an alternative, the Escrow Agent may at its discretion telephone the bank on which the check is drawn to confirm that the check has been paid. The Escrow Agent will timely notify not be accountable for the Transfer Agent proceeds of any Payment returned unpaid. The Transfer Agent in turn will promptly notify such item until the Company of any Payment returned unpaid. Any Payment returned unpaid to proceeds are received by the Escrow Agent in final collected funds. Escrow Agent shall be returned promptly return any check or instrument received from the Sponsor or agent of the Sponsor upon which payment is refused, together with the related documents which were delivered to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentEscrow Agent. In such cases, the Transfer Escrow Agent will promptly notify the Company Sponsor of such return. (d) In . If the event that the Company or any agent acting on behalf of the Company Sponsor rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber. If the Sponsor rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the subscriber's check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber's check for collection, the Escrow Agent shall promptly remit such Payment the subscriber's check directly to the Transfer subscriber. If Escrow Agent has disbursed funds to be Sponsor and subsequently subscriber's check is returned to for any reason, the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into Sponsor shall become responsible for reimbursing the Escrow Account in errorAgent. Upon receipt of reimbursement funds, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment will return subscriber's check to the Transfer Agent to be returned to the appropriate party only after the Payment has clearedSponsor.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company to forward each Payment for Federal Reserve Bank clearing and upon collection of the proceeds of each Payment, authorized to deposit the collected proceeds into each check in the Escrow Account. (c) The Escrow Agent will timely notify the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify the Company of any Payment returned unpaid. Any Payment returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the Payment. In such cases, the Transfer Agent will promptly notify the Company of such return. (db) In the event that the Company or any agent acting on behalf of the Company rejects any subscription for Shares check paid by a purchaser and the funds for such subscription have already been collected by deposited in the Escrow AgentAccount shall be returned, the Escrow Agent shallshall notify IAA by telephone of such occurrence and advise it of the name of the purchaser, upon receipt the amount of the check returned, and any other pertinent information. The Escrow Agent shall then transmit the returned check directly to the purchaser and shall transmit the statement previously delivered by the Sales Agent relating to such purchase to the Sales Agent. (c) If the Escrow Agent receives written notice from the Company or IAA that the Transfer Company or a Sales Agent, as applicable, has rejected any purchase of Units for which the Escrow Agent of written notice of such rejectionhas already collected funds, the Escrow Agent shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriberpurchaser. If the Escrow Agent receives written notice from IAA that any Sales Agent has rejected any purchase of Units for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the purchaser’s check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned purchaser’s check to the rejected or withdrawing subscriber only purchaser after the Escrow Agent has cleared such funds. If the Escrow Agent receives written notice from the Company or IAA, as applicable, that the Company or a Sales Agent, as applicable, has rejected any purchase of Units for which the Escrow Agent has not yet submitted the Payment relating to the subscription of the rejected or withdrawing subscriberpurchaser’s check for collection, the Escrow Agent shall promptly remit such Payment the purchaser’s check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriberpurchaser. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company to forward each Payment for Federal Reserve Bank clearing and upon collection of the proceeds of each Payment, authorized to deposit the collected proceeds into each check in the Escrow Account. (cb) The In the event any check paid by a purchaser and deposited in the Escrow Agent will timely notify the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify the Company of any Payment returned unpaid. Any Payment returned unpaid to Account shall be returned, the Escrow Agent shall be notify the Placement Agent by telephone of such occurrence and advise it of the name of the purchaser, the amount of the check returned, and any other pertinent information. The Escrow Agent shall then transmit the returned check directly to the Transfer purchaser and shall transmit the statement previously delivered by the Placement Agent and then in turn relating to such purchase to the Soliciting Dealer that submitted the Payment. In such cases, the Transfer Agent will promptly notify the Company of such returnPlacement Agent. (dc) In the event that the Company or any agent acting on behalf of the Company rejects any subscription for Shares and the funds for such subscription have already been collected by the Escrow Agent, If the Escrow Agent shall, upon receipt receives written notice from the Company or the Transfer Placement Agent, as applicable, that the Company or the Placement Agent, as applicable, has rejected any purchase of Shares for which the Escrow Agent of written notice of such rejectionhas already collected funds, the Escrow Agent shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriberpurchaser. If the Escrow Agent receives written notice from the Company or the Placement Agent, as applicable, that the Company or the Placement Agent, as applicable, has rejected any purchase of Shares for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the purchaser’s check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned purchaser’s check to the rejected or withdrawing subscriber only purchaser after the Escrow Agent has cleared such funds. If the Escrow Agent receives written notice from the Company or the Placement Agent, as applicable, that the Company or the Placement Agent, as applicable, has rejected any purchase of Shares for which the Escrow Agent has not yet submitted the Payment relating to the subscription of the rejected or withdrawing subscriberpurchaser’s check for collection, the Escrow Agent shall promptly remit such Payment the purchaser’s check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriberpurchaser. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentIssuer. In such cases, the Transfer Escrow Agent will promptly notify the Company Issuer of such return. (d) In . If the event that the Company or any agent acting on behalf of the Company Issuer rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriberprospective purchaser. If the Issuer rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the prospective purchaser's check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned prospective purchaser's check to the rejected or withdrawing subscriber only prospective purchaser after the Escrow Agent has cleared such funds. If the rejected prospective purchaser's check which has been submitted for collection by the Escrow Agent is uncollectible, and if the Escrow Agent has issued a check to the rejected subscriber hereunder, then the Escrow Agent shall notify the Issuer and the Issuer shall immediately reimburse the Escrow Agent for the amount of such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriberprospective purchaser's check for collection, the Escrow Agent shall promptly remit such Payment the prospective purchaser's check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriberprospective purchaser. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Selected Dealer that submitted the Paymentcheck, at the address indicated on the Written Account or such other address that Escrow Agent can determine. In such cases, the Transfer Escrow Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of . If the Company rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds and upon written notice of such rejection to the Escrow Agent from the Company, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber in the amount of the subscriber's check plus any interest credited thereon. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted the subscriber's check for collection and upon written notice of such subscription for clearingrejection to Escrow Agent from the Company, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared is satisfied that such fundsuncollected funds are collected. If the Escrow Agent has not yet submitted a rejected subscriber's check for collection and upon written notice to Escrow Agent from the Payment relating to the subscription of the rejected or withdrawing subscriberCompany is rejecting such subscription, the Escrow Agent shall promptly remit such Payment to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of return the subscriber's check directly to subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentCompany. In such cases, the Transfer Escrow Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of . If the Company rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the subscriber's check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the rejected subscriber's check which has been submitted for collection by the Escrow Agent is uncollectible, and if the Escrow Agent has issued a check to the rejected subscriber hereunder, then the Escrow Agent shall notify the Company and the Company shall immediately reimburse the Escrow Agent for the amount of such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber's check for collection, the Escrow Agent shall promptly remit such Payment the subscriber's check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (ai) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (bii) The Escrow Agent is hereby instructed by the Company to forward each Payment for Federal Reserve Bank clearing and upon collection of the proceeds of each Payment, to deposit the collected proceeds into the Escrow Account. (ciii) The Escrow Agent will timely notify the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify the Company of any Payment returned unpaid. Any Payment returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the Payment. In such cases, the Transfer Agent will promptly notify the Company of such return. (div) In the event that the Company or any agent acting on behalf of the Company rejects any subscription for Shares and the funds for such subscription have already been collected by the Escrow Agent, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, promptly issue a refund payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber. If the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription for clearing, the Escrow Agent shall promptly issue a payment in the amount of such Payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the rejected or withdrawing subscriber, the Escrow Agent shall promptly remit such Payment to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (ev) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to -------------------- forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Selected Dealer that submitted the Paymentcheck, at the address indicated on the Written Account or such other address that Escrow Agent can determine. In such cases, the Transfer Escrow Agent will promptly notify the Company Depositor-Sponsor of such return. (d) In . If the event that the Company or any agent acting on behalf of the Company Depositor-Sponsor rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds and upon written notice of such rejection to Escrow Agent from the Depositor-Sponsor, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber in the amount of the subscriber's check plus any interest credited thereon. If the Depositor-Sponsor rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted the subscriber's check for collection and upon written notice of such subscription for clearingrejection to Escrow Agent from the Depositor-Sponsor, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared is satisfied that such fundsuncollected funds are collected. If the Escrow Agent has not yet submitted a rejected subscriber's check for collection and upon written notice to Escrow Agent from the Payment relating to the subscription of the rejected or withdrawing subscriberDepositor-Sponsor is rejecting such subscription, the Escrow Agent shall promptly remit such Payment return the subscriber's check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentCompany. In such cases, the Transfer Escrow Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of . If the Company rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the subscriber's check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the rejected subscriber's check which has been submitted for collection by the Escrow Agent is uncollectible, and if the Escrow Agent has issued a check to the rejected subscriber hereunder, then the Escrow Agent shall notify the Company and the Company shall immediately reimburse the Escrow Agent for the amount of such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber's check for collection, the Escrow Agent shall promptly remit such Payment the subscriber's check directly to the Transfer Agent subscriber and shall promptly notify the Company as to be returned to the drawer of the Payment submitted by or on behalf of the subscribersuch action. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for shall be under no duty or responsibility to enforce collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) any checks delivered to Escrow Agent. The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing collection and upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) . As an alternative, the Escrow Agent may at its discretion telephone the bank on which the check is drawn to confirm that the check has been paid. The Escrow Agent will timely notify not be accountable for the Transfer Agent proceeds of any Payment returned unpaid. The Transfer Agent in turn will promptly notify such item until the Company of any Payment returned unpaid. Any Payment returned unpaid to proceeds are received from the Escrow Agent in final collected funds. Escrow Agent shall be returned promptly return any check or instrument received from the Grantor or agent of the Grantor upon which payment is refused, together with the related documents which were delivered to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentEscrow Agent. In such cases, the Transfer Escrow Agent will promptly notify the Company Grantor of such return. (d) In . If the event that the Company or any agent acting on behalf of the Company Grantor rejects any subscription for Shares and the funds for such subscription have already been collected by the Escrow Agent, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, promptly issue a refund payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber. If which the Escrow Agent has not yet already collected funds for such subscription but has submitted such subscription for clearingfunds, the Escrow Agent shall promptly issue a payment refund check to the rejected subscriber. If the Grantor rejects any subscription for which the Escrow Agent has not yet collected fund but ha submitted the subscriber’s check for collection, the Escrow Agent shall promptly issue a check in the amount of such Payment to the Transfer Agent to be returned subscriber’s check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber’s check for collection, the Escrow Agent shall promptly remit such Payment the subscriber’s check directly to the Transfer subscriber. If Escrow Agent has disbursed funds to be Grantor and subsequently subscriber’s check is returned to for any reason, the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into Grantor shall become responsible for reimbursing the Escrow Account in errorAgent. Upon receipt of reimbursement funds, the Escrow /escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment will return subscriber’s check to the Transfer Agent to be returned to the appropriate party only after the Payment has clearedGrantor.

Collection Procedure. (a) A. The Transfer Escrow and Impound Agent hereby is hereby instructed by the Company authorized to forward each Payment to the Escrow Agent check for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company to forward each Payment for Federal Reserve Bank clearing and and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow and Impound Account. (c) The . As an alternative, the Escrow and Impound Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow and Impound Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Selected Dealer that submitted the Paymentcheck. In such cases, the Transfer Escrow and Impound Agent promptly will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of B. If the Company rejects in whole any subscription for Shares and the funds for such subscription have already been collected by which the Escrow Agentand Impound Agent already has collected funds, the Escrow and Impound Agent shallshall promptly return the entire amount paid by the rejected subscriber, upon receipt from the Company or the Transfer Agent of written notice of such rejectionwith accrued interest, promptly issue by mailing a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber. If the Company rejects in part any subscription for which the Escrow and Impound Agent has collected funds, the Escrow and Impound Agent shall promptly return the amount paid by the subscriber in connection with the rejected portion, with accrued interest, by mailing a check to the rejected subscriber. If the Company rejects, in whole or in part, any subscription for which the Escrow and Impound Agent has not yet collected funds for such subscription but has submitted such subscription the subscriber's check for clearingcollection, the Escrow and Impound Agent shall promptly issue mail a payment check in the applicable rejected amount of such Payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber only after the Escrow and Impound Agent has cleared such funds. If the Escrow and Impound Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber's check for collection, the Escrow and Impound Agent shall promptly remit such Payment the subscriber's check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) 5.1. The Escrow Agent is hereby instructed by the Company authorized to forward each Payment Subscriber's check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to the Soliciting Dealer that submitted the PaymentSelling Agent. In such cases, the Transfer Escrow Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of 5.2. If the Company rejects any subscription subscription, in whole or in part, for Shares and the funds for such subscription have already been collected by the Escrow Agent, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, promptly issue a refund payment to the Transfer Agent to be returned to the rejected or withdrawing subscriber. If which the Escrow Agent has not yet already collected funds for such subscription but has submitted such subscription for clearingfunds, the Escrow Agent shall promptly issue a payment refund check for the amount rejected by the Company to the rejected Subscriber without interest thereon and without charge or deduction. If the Company rejects any subscription, in whole or in part, for which the Escrow Agent has not yet collected funds, the Escrow Agent shall promptly issue a check in the amount of such Payment to the Transfer Agent to be returned Subscriber's original check (or in the amount which was rejected by the Company) to the rejected or withdrawing subscriber only Subscriber after the Escrow Agent has cleared such fundsfunds without interest thereon and without charge or deduction. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriberSubscriber's check for collection, the Escrow Agent shall promptly remit such Payment the Subscriber's check directly to the Transfer Agent to be returned to Subscriber, unless the drawer of Company has only rejected the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account subscription in errorpart, in which circumstance the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, shall promptly issue a refund check for the amount rejected without interest thereon and without charge or deduction to the rejected Subscriber after the Escrow Agent has cleared such funds. 5.3. All returns and deliveries to a Subscriber hereunder shall be mailed by regular first class mail to the residential or business address appearing on the Subscriber's Subscription Documents. Any payment to a Subscriber required by this Section 5 may be made by a check or draft drawn on the Transfer Agent to be returned to the appropriate party only after the Payment has clearedEscrow Account.

Collection Procedure. (a) The Transfer Agent is hereby instructed by the Company to forward each Payment to the Escrow Agent for collection by noon of the next Business Day immediately following the day the Transfer Agent received such Payment. (b) The Escrow Agent is hereby instructed by the Company authorized to forward each Payment check for Federal Reserve Bank clearing and collection and, upon collection of the proceeds of each Paymentcheck, to deposit the collected proceeds into in the Escrow Account. (c) The . As an alternative, the Escrow Agent will timely notify may telephone the Transfer Agent of any Payment returned unpaid. The Transfer Agent in turn will promptly notify bank on which the Company of any Payment returned unpaidcheck is drawn to confirm that the check has been paid. Any Payment check returned unpaid to the Escrow Agent shall be returned to the Transfer Agent and then in turn to Company or the Soliciting Dealer that submitted the PaymentPlacement Agent. In such cases, the Transfer Escrow Agent will promptly notify the Company of such return. (d) In the event that the Company or any agent acting on behalf of . If the Company rejects any subscription for Shares and the funds for such subscription have already been collected by which the Escrow AgentAgent has already collected funds, the Escrow Agent shall, upon receipt from the Company or the Transfer Agent of written notice of such rejection, shall promptly issue a refund payment to the Transfer Agent to be returned check to the rejected or withdrawing subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds for such subscription but has submitted such subscription the subscriber's check for clearingcollection, the Escrow Agent shall promptly issue a payment check in the amount of such Payment to the Transfer Agent to be returned subscriber's check to the rejected or withdrawing subscriber only after the Escrow Agent has cleared such funds. If the rejected subscriber's check which has been submitted for collection by the Escrow Agent is uncollectible, and if the Escrow Agent has issued a check to the rejected subscriber hereunder, then the Escrow Agent shall notify the Company and the Company shall immediately reimburse the Escrow Agent for the amount of such funds. If the Escrow Agent has not yet submitted the Payment relating to the subscription of the a rejected or withdrawing subscriber's check for collection, the Escrow Agent shall promptly remit such Payment the subscriber's check directly to the Transfer Agent to be returned to the drawer of the Payment submitted by or on behalf of the subscriber. (e) In the event that money is deposited into the Escrow Account in error, the Escrow Agent shall, upon receipt from the Transfer Agent of written notice of such deposit in error, promptly issue a refund payment to the Transfer Agent to be returned to the appropriate party only after the Payment has cleared.