Minimum Offering. The initial Closing shall be at least for the number of shares of Common Stock in the Minimum Offering at the Purchase Price.
Minimum Offering. The Company shall have received duly executed subscriptions and corresponding readily available funds in the Escrow Account from Subscribers equal to or in excess of the Minimum Offering Amount.
Minimum Offering. The Company shall have confirmed in writing to the Buyers that it will be issuing at least an aggregate of $20,000,000 principal amount of Notes and Warrants to the Buyers on the Closing Date.
Minimum Offering. In connection with the Initial Closing only, the Company shall have received proceeds from the Offering equal to or greater than the Minimum Offering Amount (inclusive of the Minimum Insider Investment).
Minimum Offering. The initial Closing shall be at least for the number of Units in the Minimum Offering at the Purchase Price.
Minimum Offering. Notwithstanding the foregoing, no selling commissions, Distribution Fees, Dealer Manager Fees, or other amounts whatsoever will be paid to the Dealer Manager under this Section 5.2 unless or until the Minimum Offering has been raised from the sale of Primary Shares in the Offering and the Escrow Agent has released the proceeds from the Escrow Account to the Company. Until the Minimum Offering is obtained, investments will be held in the Escrow Account. The Dealer Manager acknowledges and agrees that, as described in the Prospectus, one or more jurisdictions require a higher minimum offering amount and that such amount or amounts shall remain in escrow pending the release or such proceeds to the Company. If the Minimum Offering is not obtained within the time periods specified in the Prospectus, investments will be returned to the investors in accordance with the Prospectus.
Minimum Offering. Notwithstanding the foregoing, no selling commissions, Distribution Fees, Dealer Manager Fees, or other amounts whatsoever will be paid to the Dealer Manager under this Section 5.2 unless or until the Minimum Offering has been raised from the sale of Primary Shares in the Offering and the Escrow Agent has released the proceeds from the Escrow Account to the Company. Until the Minimum Offering is obtained, investments will be held in the Escrow Account. If the Minimum Offering is not obtained within the time periods specified in the Prospectus, investments will be returned to the investors in accordance with the Prospectus.
Minimum Offering. Notwithstanding the foregoing, no commissions, payments or amounts whatsoever will be paid to the Dealer Manager under this Section 4 unless or until the Company has raised a minimum of $2,000,000 in subscription funds from any combination of sales of Class A Shares and Class T Shares, including subscriptions received from the Company’s directors, officers and advisor and their respective affiliates (the “Minimum Offering”). Until the Minimum Offering is reached, investments will be held in escrow. If the Minimum Offering is not reached within the time period specified in the Prospectus, investments will be returned to the investors in accordance with the Prospectus. Furthermore, until the Company raises $50 million in the Offering from persons not affiliated with the Company or its advisor (the “Pennsylvania Minimum”), investments from Pennsylvania investors will be held in a separate escrow and no commissions, payments or amounts whatsoever will be paid thereon to the Dealer Manager under this Section 4 unless and until the Pennsylvania Minimum has been reached, and then only with respect to such investments from Pennsylvania investors as are released to the Company from such escrow. Similarly, no commissions, payments or amounts whatsoever will be paid to the Dealer Manager with respect to sales of Shares to residents of any other state that has imposed a minimum offering amount higher than the Minimum Offering (a “State-Required Minimum Offering”) unless or until the gross proceeds of the Shares sold in the Offering (including sales made to residents of other jurisdictions) have reached a minimum of the applicable State-Required Minimum Offering and are disbursed to the Company from escrow. Until the applicable State-Required Minimum Offering is reached, investments from residents of that state will be held in escrow. If the applicable State-Required Minimum Offering is not obtained prior to the termination of the Offering, the investments from residents of that state will be promptly returned to them in accordance with the Prospectus.
Minimum Offering. Each Buyer understands that the Company may accept such Buyer’s purchase hereunder, at any time once the Company shall have received an aggregate Purchase Price in the amount of $800,000. Any officer or director of the Company or the Placement Agent, or any of such parties affiliates, may participate in this offering and their investment, if any, will count towards the foregoing minimum amount. As such, Buyer understands that the Company may not receive proceeds hereunder in any amount greater than $800,000, which may limit the Company’s ability to execute upon its intended business plan.
Minimum Offering. (a) The Closing of the Offering is subject to aggregate gross proceeds from the Offering being a minimum of $275,000 (the "Minimum Offering").
(b) All funds received by the Agent for subscriptions will be held in trust by the Agent or placed in trust with the Issuer’s registrar and transfer agent until the Minimum Offering has been obtained.
(c) Notwithstanding any other term of this Agreement, all subscription funds received by the Agent will be returned to the subscribers without interest or deduction if the Minimum Offering is not obtained by 5:00 p.m. on the Offering Day, unless the subscribers have otherwise instructed the Agent.
