Common use of Completed Sale Clause in Contracts

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 7 contracts

Samples: Managing Dealer Agreement (CNL Hospitality Properties Inc), Managing Dealer Agreement (CNL Hospitality Properties Inc), Managing Dealer Agreement (CNL Hospitality Properties Inc)

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Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Paragraphs 4.1 and 4.2 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 4 contracts

Samples: Managing Dealer Agreement (CNL Income Properties Inc), Managing Dealer Agreement (CNL Retirement Properties Inc), Managing Dealer Agreement (CNL Retirement Properties Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; , (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 4 contracts

Samples: Managing Dealer Agreement (CNL Retirement Properties Inc), Managing Dealer Agreement (CNL Retirement Properties Inc), Managing Dealer Agreement (CNL Health Care Properties Inc)

Completed Sale. (a) A sale of a Primary Share shall be deemed to be completed under Paragraph Paragraphs 4.1 and 4.2 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Primary Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; , (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 4 contracts

Samples: Dealer Manager Agreement (Desert Capital Reit Inc), Dealer Manager Agreement (Desert Capital Reit Inc), Dealer Manager Agreement (Desert Capital Reit Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Paragraphs 4.1 and 4.2 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; , (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 3 contracts

Samples: Dealer Manager Agreement (Bull Street Real Estate Investment Trust Inc), Dealer Manager Agreement (Bull Street Real Estate Investment Trust Inc), Managing Dealer Agreement (CNL Hospitality Properties Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Paragraphs 4.1 and 4.2 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from orfrom, or in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 3 contracts

Samples: Managing Dealer Agreement (CNL Hospitality Properties II, Inc.), Managing Dealer Agreement (CNL Income Properties Inc), Managing Dealer Agreement (CNL Retirement Properties Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; , (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder shareholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 2 contracts

Samples: Managing Dealer Agreement (CNL American Properties Fund Inc), Managing Dealer Agreement (CNL American Properties Fund Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; and (iii) such investor has been admitted as a stockholder shareholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 2 contracts

Samples: Managing Dealer Agreement (CNL Hospitality Properties Inc), Managing Dealer Agreement (CNL Hospitality Properties Inc)

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Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Section 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), Section 3.4(a) on behalf of an investor investor, who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Participating Broker (or Managing Dealer if applicable) in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; and (iii) such investor has been admitted as a stockholder shareholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission commission, marketing support fee or dealer manager fee will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 2 contracts

Samples: Managing Dealer Agreement (Cb Richard Ellis Realty Trust), Managing Dealer Agreement (Cb Richard Ellis Realty Trust)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Section 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from oran investor, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Participating Broker (or Managing Dealer if applicable) in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 1 contract

Samples: Managing Dealer Agreement (CNL Income Properties Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph 4.1 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; , and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 1 contract

Samples: Managing Dealer Agreement (CNL Retirement Properties Inc)

Completed Sale. (a) A sale of a Share shall be deemed to be completed under Paragraph Paragraphs 4.1 and 4.2 if and only if (i) the Company has received a properly completed and executed subscription agreement, together with payment of the full purchase price of each purchased Share, from or, in accordance with Paragraph 3.3(a), on behalf of an investor who satisfies the applicable suitability standards and minimum purchase requirements set forth in the Registration Statement as determined by the Managing Dealer in accordance with the provisions of this Agreement; (ii) the Company has accepted such subscription; and (iii) such investor has been admitted as a stockholder of the Company. (b) The Managing Dealer hereby acknowledges and agrees that the Company, in its sole and absolute discretion, may accept or reject any subscription, in whole or in part, for any reason whatsoever, and no commission will be paid to the Managing Dealer with respect to that portion of any subscription which is rejected.

Appears in 1 contract

Samples: Managing Dealer Agreement (CNL Hospitality Properties Inc)

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