Common use of Expiration of Offering Period Clause in Contracts

Expiration of Offering Period. Notwithstanding anything to the contrary contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering Document, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or Company, return to each Subscriber, by certified or bank check and by first class mail, the Cash Investment made by such Subscriber, and shall pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first class mail, each Subscriber’s share of income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis.

Expiration of Offering Period. Notwithstanding anything to the contrary contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering DocumentDecember 31, 2002 unless extended until February 28, 2003, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or CompanyIssuer, return to each Subscriber, by certified or bank check and by first class mail, the Cash Investment made by such Subscriber, and shall pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first class mail, each Subscriber’s share of income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis.

Expiration of Offering Period. Notwithstanding anything to the contrary contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering Documentthirty days after registration statement becomes effective, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or CompanyIssuer, return to each Subscriber, by certified or bank check and by first class mail, the Cash Investment made by such Subscriber, and shall pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first class mail, each Subscriber’s 's share of income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis.

Expiration of Offering Period. Notwithstanding anything to the contrary ----------------------------- contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering DocumentDecember 31, 2000 unless extended until February 28, 2001, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or CompanyIssuer, return to each Subscriber, by certified or bank check and by first class mail, the Cash Investment made by such Subscriber, and shall pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first class mail, each Subscriber’s 's share of income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis.

Expiration of Offering Period. Notwithstanding anything to the ----------------------------- contrary contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering DocumentDecember 31, 2000 unless extended until February 28, 2001, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or CompanyIssuer, return to each Subscriber, by certified or bank check and by first class mail, the Cash Investment made by such Subscriber, and shall pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first class mail, each Subscriber’s 's share of income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis.