Inability to Deliver. In the event that Payments for subscriptions are not cleared through normal banking channels according to the regular Federal Reserve Bank clearing schedule, the Escrow Agent will notify the Transfer Agent and the Transfer Agent will in turn notify the Company.
Appears in 8 contracts
Samples: Escrow Agreement (CNL Diversified Lifestyle Properties, Inc.), Escrow Agreement (Macquarie CNL Global Income Trust, Inc.), Escrow Agreement (Macquarie CNL Global Income Trust, Inc.)
Inability to Deliver. In the event that any Subscription Payments for subscriptions are not cleared through normal banking channels according to the regular Federal Reserve Bank clearing schedule, the Escrow Agent will cause the Processing Agent promptly to notify the Transfer Agent and the Transfer Agent will in turn notify the CompanyCompany of such event.
Appears in 7 contracts
Samples: Escrow Agreement (CNL Strategic Capital, LLC), Escrow Agreement (CNL Strategic Capital, LLC), Escrow Agreement (CNL Strategic Capital, LLC)
Inability to Deliver. In the event that Payments for subscriptions are not cleared through normal banking channels according to the regular Federal Reserve Bank clearing schedule, the Escrow Agent will notify the Transfer Agent and the Transfer Agent will in turn shall notify the Company.
Appears in 2 contracts
Samples: Escrow Agreement (CNL Properties Trust, Inc.), Escrow Agreement (CNL Properties Trust, Inc.)
