Common use of Escrow Subscription Agreements and Subscriber Funds Clause in Contracts

Escrow Subscription Agreements and Subscriber Funds. (a) Prior to the time the Company has received subscriptions for Shares resulting in gross offering proceeds equal to at least $2,000,000, excluding for these purposes any funds received from Ohio Subscribers, Tennessee Subscribers and Pennsylvania Subscribers (as those terms are used in the Dealer Manager Agreement) (the “Minimum Offering”) (and, with respect to Ohio Subscribers and Tennessee Subscribers and Pennsylvania Subscribers, gross offering proceeds equal to at least $20,000,000 and $75,000,000, respectively):

Appears in 4 contracts

Samples: Dealer Manager Agreement (Inland Real Estate Income Trust, Inc.), Soliciting Dealer Agreement (Inland Retail Properties Trust V, Inc.), Soliciting Dealer Agreement (Inland Real Estate Income Trust II, Inc.)

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Escrow Subscription Agreements and Subscriber Funds. (a) Prior to the time the Company has received subscriptions for Shares resulting in gross offering proceeds equal to at least $2,000,000, excluding for these purposes any funds received from Ohio SubscribersAffiliated Persons, Tennessee Subscribers and Pennsylvania Subscribers (as those terms are used in the Dealer Manager Agreement) (the “Minimum Offering”) (and, with respect to Ohio Subscribers and Tennessee Subscribers and Pennsylvania Subscribers, gross offering proceeds equal to at least $20,000,000 and $75,000,000, respectively):

Appears in 1 contract

Samples: Soliciting Dealer Agreement (Inland Monthly Income Trust, Inc.)

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