Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-bearing account in a bank or savings and loan association, or invested in short term highly liquid investments as provided in Section 1.05, and if not more than $1,250,000 is subscribed and contributed on or before six months after the public offering commences, the Partnership will not be formed and each subscriber will promptly receive his or her original investment together with interest actually earned thereon.
Initial Subscriptions. (a) Upon accepting membership, each member shall subscribe funds in the amount assigned to it. Such subscriptions are herein referred to as initial subscriptions.
Initial Subscriptions. The Bank and the following States which have signed this Agreement have subscribed the following amounts: SUBSCRIPTIONS IN UNITS OF ACCOUNT African Development Bank 5,000,000 Belgium 3,000,000 Brazil 2,000,000 Canada 15,000,000 Denmark 5,000,000 Federal Republic of Germany 7,447,630 Finland 2,000,000 Italy 10,000,000 Japan 15,000,000 Netherlands 4,000,000 Norway 5,000,000 Spain 2,000,000 Sweden 5,000,000 Swiss Confederation 3,000,000 United Kingdom 5,211,420 Yugoslavia 2,000,000 Total 90,659,050 SCHEDULE B* DESIGNATION AND SELECTION OF DIRECTORS Part I Designation of Directors by the Bank
Initial Subscriptions. During the Subscription Period (as defined below), DHI was entitled to sell shares of FSA common stock (“Program Shares”) to directors of FSA (individually, a “Participant” and, collectively, the “Participants”) for a purchase price, payable in cash, of U.S. $76.00 per share; provided, however, that (a) the Subscription Period commenced on September 4, 2000, and terminated on the date 30 days thereafter; (b) each Participant could subscribe for up to U.S. $10 million of Program Shares (131,578 Program Shares); (c) such subscriptions for Program Shares were made by submission to FSA of a duly completed Subscription Application, substantially in the form of Exhibit A to the Initial Agreement; (d) Program Shares were required to be delivered to Participants against receipt of payment; (e) if payment for any Program Shares was not received by DHI within 5 business days after the expiration of the Subscription Period, then the related subscription would be null and void; and (f) initial subscriptions for a specified dollar amount of Program Shares at $76.00 per share under the Initial Agreement shall be revised, upon the consent of the subscribers to this Agreement, to represent subscriptions (pursuant to Subscription Applications in the form of Exhibit A hereto) for the same dollar amount (rounded up to the nearest whole number of shares, with a limit of 126,958 shares) at $78.766 per share effective from inception in accordance with this Agreement.
Initial Subscriptions. During the Subscription Period (as defined below), DHI agrees to sell shares of FSA common stock ("Program Shares") to directors of FSA (individually, a "Participant" and, collectively, the "Participants") for a purchase price, payable in cash, of U.S. $76.00 per share; provided, however, that (a) the Subscription Period shall commence on the date hereof and terminate on the date 30 days after the date hereof; (b) each Participant may subscribe for up to U.S. $10 million of Program Shares (131,578 Program Shares); (c) such subscriptions for Program Shares may be made by submission to FSA of a duly completed Subscription Application, substantially in the form of Exhibit A hereto; (d) Program Shares shall be delivered to Participants against receipt of payment; and (e) if payment for any Program Shares is not received by DHI within 5 business days after the expiration of the Subscription Period, then the related subscription shall be null and void.
Initial Subscriptions. (a) The General Partner may cause the Partnership to issue Limited Partner Interests to Persons in exchange for Commitments as provided in this Section 4.2 (“Initial Subscriptions”) and the Persons so issued such Limited Partner Interests shall be deemed admitted as Limited Partners without any further act, vote, or approval of any Person, including any Limited Partner. Each such Person shall be required to represent to the Partnership that such Person qualifies as an “accredited investor” as defined in Regulation D of the Securities Act and as a “qualified purchaser” as defined Section 2(a)(51) of the Investment Company Act or another purchaser permitted to own an interest in a company meeting the requirements of Section 3(c)(7) of the Investment Company Act. The minimum Initial Subscription accepted from a Person shall be $100,000,000.00 subject to the General Partner’s right to accept Initial Subscriptions in lesser amounts in its discretion, including without limitation with respect to the GP Affiliate Commitment.
