Issuance and Registration of Units. Until the terms of this Agreement have been met and the Subscriptions have been released and Escrow Funds have been disbursed to the Company, the Company shall not issue any Units to Subscribers or register any Units in the names of any Subscribers, and Subscribers shall have no ownership interest in any Units until the Units are so issued and registered.
Appears in 10 contracts
Samples: Escrow Agreement (Illini Bio-Energy, LLC), Escrow Agreement (Blackhawk Biofuels, LLC), Escrow Agreement (Illini Bio-Energy, LLC)
Issuance and Registration of Units. Until the terms of this Agreement have been met and the Subscriptions have been released and Escrow Funds have been disbursed to the Company, the Company shall not issue any Units to Subscribers or register any Units in the names of any Subscribers, or issue any certificates or other evidences of ownership of Units, and Subscribers shall have no ownership interest in any Units until the Units are so issued and registered.
Appears in 2 contracts
Samples: Escrow Agreement (Tennessee Valley Agri-Energy, LLC), Escrow Agreement (Tennessee Valley Agri-Energy, LLC)
