Common use of Distributions to Subscribers Clause in Contracts

Distributions to Subscribers. (a) If the Partnership is not funded as contemplated because less than the minimum Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination Date, or for any other reason, then the Managing General Partner shall notify the Escrow Agent, and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account. (b) If a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the rejection, and the Escrow Agent shall promptly distribute to the Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.

Distributions to Subscribers. (a) If the Partnership is not funded as contemplated because less than the minimum Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination DateDecember 31, 2001, or for any other reason, then the Managing General Partner shall so notify the Escrow Agent, and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in the an escrow account. (b) If a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the rejection, and the Escrow Agent shall promptly distribute to the Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in the an escrow account.

Distributions to Subscribers. (a) If In the event that the Partnership is will not be funded as contemplated because less than the minimum Subscription Proceeds aggregate subscriptions of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination DateDecember 31, 1999, or for any other reason, then the Managing General Partner shall so notify the Escrow Agent, and whereupon the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountManaging General Partner. (b) If In the event that a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the such subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the such rejection, and the Escrow Agent shall promptly distribute to the such Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountManaging General Partner.

Distributions to Subscribers. (a) If the Partnership is not funded as contemplated because less than the minimum Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination Date, or for any other reason, then the Managing General Partner shall notify the Escrow Agent, and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.. Escrow Agreement (b) If a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the rejection, and the Escrow Agent shall promptly distribute to the Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.

Distributions to Subscribers. (a) If In the event that the Partnership is will not be funded as contemplated because less than the minimum Subscription Proceeds aggregate subscriptions of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination DateDecember 31, 2000, or for any other reason, then the Managing General Partner shall so notify the Escrow Agent, and whereupon the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountManaging General Partner. (b) If In the event that a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the such subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the such rejection, and the Escrow Agent shall promptly distribute to the such Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountManaging General Partner.

Distributions to Subscribers. (a) If the Partnership is not funded as contemplated because less than the minimum Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination Date, or for any other reason, then the Managing General Partner shall notify the Escrow Agent, and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.. Escrow Agreement 3 (b) If a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the rejection, and the Escrow Agent shall promptly distribute to the Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.

Distributions to Subscribers. (a) If the Partnership is not funded as contemplated because less than the minimum Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on the Offering Termination Date, or for any other reason, then the Managing General Partner shall notify the Escrow Agent, and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.. ESCROW AGREEMENT 3 (b) If a subscription for Units submitted by an Investor is rejected by the Managing General Partner for any reason after the Subscription Proceeds relating to the subscription have been deposited with the Escrow Agent, then the Managing General Partner promptly shall notify the Escrow Agent of the rejection, and the Escrow Agent shall promptly distribute to the Investor a refund check made payable to the Investor in an amount equal to the Subscription Proceeds of the Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds while held by the Escrow Agent in the escrow account.

Distributions to Subscribers. (a) If In the Partnership is event that the Company will not be funded as contemplated because less than the minimum Subscription Proceeds aggregate subscriptions of $1,000,000 700,000 have been received and accepted by the Managing General Partner Company by twelve p.m. (noon), local time, on the Offering Termination DateApril 30, 1999, or for any other reason, then the Managing General Partner Company shall so notify the Escrow Agent, and whereupon the Escrow Agent promptly shall distribute to each Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountCompany. (b) If In the event that a subscription for Units Stock submitted by an Investor is rejected by the Managing General Partner Company for any reason after the Subscription Proceeds relating to the such subscription have been deposited with the Escrow Agent, then the Managing General Partner Company promptly shall notify the Escrow Agent of the such rejection, and the Escrow Agent shall promptly distribute to the such Investor a refund check made payable to the such Investor in an amount equal to the Subscription Proceeds of the such Investor, plus any interest paid or investment income earned on the Investor's Subscription Proceeds thereon while held by the Escrow Agent in an escrow account as calculated by the escrow accountCompany.