Inability to Deliver. In the event that checks for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared checks to the Company.
Appears in 13 contracts
Samples: Escrow Agreement (CNL American Properties Fund Inc), Escrow Agreement (CNL Hospitality Properties Inc), Escrow Agreement (CNL Health Care Properties Inc)
Inability to Deliver. In the event that checks for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared checks to the CompanyCompany unless the Escrowed Funds are returned to subscribers pursuant to Paragraphs 5(b) or 5(c) above, in which case the Escrow Agent shall mail such uncleared checks to the subscribers.
Appears in 5 contracts
Samples: Escrow Agreement (Orange Hospitality, INC), Escrow Agreement (CNL American Realty Fund Inc), Escrow Agreement (CNL American Realty Fund Inc)
Inability to Deliver. In the event that checks Payments for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared checks Payments to the Company.
Appears in 4 contracts
Samples: Escrow Agreement (CNL Income Properties Inc), Escrow Agreement (CNL Income Properties Inc), Escrow Agreement (CNL Income Properties Inc)
Inability to Deliver. In the event that checks Payments for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared checks Payments to the CompanyCompany unless the Escrowed Funds are returned to subscribers pursuant to Paragraph 5(b) above, in which case the Escrow Agent shall mail such uncleared Payments to the subscribers.
Appears in 2 contracts
Samples: Escrow Agreement (CNL Hospitality Properties II, Inc.), Escrow Agreement (CNL Income Properties Inc)
Inability to Deliver. In the event that checks Payments for subscriptions delivered to the Escrow Agent by the Company pursuant to 10 this Agreement are not cleared through normal banking channels within 120 5 days after such delivery, the Escrow Agent shall deliver return such uncleared checks Payments to the Company.
Appears in 1 contract
Samples: Subscription Escrow Agreement (DAS Acquisition Inc.)
Inability to Deliver. In the event that checks for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared checks to the CompanyCompany unless the Escrowed Funds are returned to subscribers pursuant to Paragraph 5(b) above, in which case the Escrow Agent shall mail such uncleared checks to the subscribers.
Appears in 1 contract
