Common use of Establishment of the Escrow Clause in Contracts

Establishment of the Escrow. The Escrow Agent will establish segregated escrow accounts for each series in the offering (the "Series Escrow Accounts") into which all Subscription Payments shall be deposited. Each Series Escrow Account will be identified in a manner clearly indicating the series in the offering to which the Series Escrow Account relates. Records with respect to each Series Escrow Account will be maintained separately by the Escrow Agent. Credit on the books of the Escrow Agent will be given as of the date of deposit of each check. Interest on each deposited check will begin to accrue one (1) business day after each such date of deposit. If the Escrow Agent receives notice that a check for a Subscription Payment has been dishonored, it shall give immediate oral notice (to be confirmed in writing promptly thereafter) to the General Partner; and, unless otherwise instructed at that time by the General Partner, shall undertake routine steps to collect such check through the Escrow Agent's customary collections channels. In the event that collections from the Subscribers in the form of checks or other demand remittances are credited by the Escrow Agent to the Series Escrow Account and the items giving rise to such credits are subsequently dishonored, the Escrow Agent may, in its discretion, charge to the Series Escrow Account the amount of any item so dishonored. Upon final payment of any such item, the Escrow Agent shall credit to the Series Escrow Account the amount thereof with appropriate advice to the Fund. Subscription proceeds deposited may not be withdrawn by Subscribers. The General Partner agrees to inform the Escrow Agent when offers and sales in each series have begun and terminated. Subscription Payments forwarded for deposit to the Fund's Series Escrow Accounts will clearly indicate the series in which the Subscriber is investing.

Establishment of the Escrow. The Escrow Agent will establish segregated escrow accounts for each series in the offering (the "Series Escrow Accounts") into which all Subscription Payments shall be deposited. Each Series Escrow Account will be identified in a manner clearly indicating the series in the offering to which the Series Escrow Account relates. Records with respect to each Series Escrow Account will be maintained separately by the Escrow Agent. Directors of state securities divisions shall have the right to inspect and make copies of the records of the Escrow Agent at any reasonable time wherever the records are located. Credit on the books of the Escrow Agent will be given as of the date of deposit of each check. Interest on each deposited check will begin to accrue one (1) business day after each such date of deposit. If the Escrow Agent receives notice that a check for a Subscription Payment has been dishonored, it shall give immediate oral notice (to be confirmed in writing promptly thereafter) to the General Partner; and, unless otherwise instructed at that time by the General Partner, shall undertake routine steps to collect such check through the Escrow Agent's customary collections channels. In the event that collections from the Subscribers in the form of checks or other demand remittances are credited by the Escrow Agent to the Series Escrow Account and the items giving rise to such credits are subsequently dishonored, the Escrow Agent may, in its discretion, charge to the Series Escrow Account the amount of any item so dishonored. Upon final payment of any such item, the Escrow Agent shall credit to the Series Escrow Account the amount thereof with appropriate advice to the Fund. Subscription proceeds deposited may not be withdrawn by Subscribers. The General Partner agrees to inform the Escrow Agent when offers and sales in each series have begun and terminated. Subscription Payments forwarded for deposit to the Fund's Series Escrow Accounts will clearly indicate the series in which the Subscriber is investing.

Establishment of the Escrow. The Escrow Agent will establish segregated an escrow accounts account for each series the benefit of Subscribers (in the offering (name of the "Series Escrow Accounts"Agent or the name of its nominee or nominees) into which all Subscription Payments shall be depositeddeposited (such account, including the subaccounts referenced below, the "Escrow Account"). Each Series Escrow Account will be Instruments of payment and wired funds received from Pennsylvania and New Mexico Subscribers (as identified in a manner clearly indicating the series in the offering to which the Series Escrow Account relates. Records with respect to each Series Escrow Account will be maintained separately as such by the REIT) shall be accounted for separately in respective subaccounts established specifically for such Subscribers until such time as such Subscribers' subscriptions are released from escrow in accordance with Section 3 hereof. Directors of state securities divisions shall have the right to inspect and make copies of the records of the Escrow AgentAgent at any reasonable time wherever the records are located. Credit on the books of the Escrow Agent will be given as of the date of deposit of each check. Interest on each deposited check will begin to accrue one (1) business day after each such date of deposit. If the Escrow Agent receives notice that a check for a Subscription Payment has been dishonored, it shall give immediate oral notice (to be confirmed in writing promptly thereafter) to the General PartnerAdvisor; and, unless otherwise instructed at that time by the General PartnerAdvisor, shall undertake routine steps to collect such check through the Escrow Agent's customary collections channels. In the event that collections from the Subscribers in the form of checks or other demand remittances are credited by the Escrow Agent to the Series Escrow Account and the items giving rise to such credits are subsequently dishonored, the Escrow Agent may, in its discretion, charge to the Series Escrow Account the amount of any item so dishonored. Upon final payment of any such item, the Escrow Agent shall credit to the Series Escrow Account the amount thereof with appropriate advice to the FundREIT. Subscription proceeds deposited may not be withdrawn by Subscribers. The General Partner Advisor agrees to inform the Escrow Agent when offers and sales in each series the REIT have begun and terminated. Subscription Payments forwarded for deposit to the Fund's Series Escrow Accounts will clearly indicate the series in which the Subscriber is investing.

Establishment of the Escrow. The Escrow Agent will establish segregated an escrow accounts account for each series the benefit of Subscribers (in the offering (name of the "Series Escrow Accounts"Agent or the name of its nominee or nominees) into which all Subscription Payments shall be depositeddeposited (the "Escrow Account"). Each Series Escrow Account will be identified in a manner clearly indicating Directors of state securities divisions shall have the series in right to inspect and make copies of the offering to which the Series Escrow Account relates. Records with respect to each Series Escrow Account will be maintained separately by records of the Escrow AgentAgent at any reasonable time wherever the records are located. Credit on the books of the Escrow Agent will be given as of the date of deposit of each check. Interest on each deposited check will begin to accrue one (1) business day after each such date of deposit. If the Escrow Agent receives notice that a check for a Subscription Payment has been dishonored, it shall give immediate oral notice (to be confirmed in writing promptly thereafter) to the General PartnerAdvisor; and, unless otherwise instructed at that time by the General PartnerAdvisor, shall undertake routine steps to collect such check through the Escrow Agent's customary collections channels. In the event that collections from the Subscribers in the form of checks or other demand remittances are credited by the Escrow Agent to the Series Escrow Account and the items giving rise to such credits are subsequently dishonored, the Escrow Agent may, in its discretion, charge to the Series Escrow Account the amount of any item so dishonored. Upon final payment of any such item, the Escrow Agent shall credit to the Series Escrow Account the amount thereof with appropriate advice to the FundREIT. Subscription proceeds deposited may not be withdrawn by Subscribers. The General Partner Advisor agrees to inform the Escrow Agent when offers and sales in each series the REIT have begun and terminated. Subscription Payments forwarded for deposit to the Fund's Series Escrow Accounts will clearly indicate the series in which the Subscriber is investing.