Common use of Minimum Offering Requirement Clause in Contracts

Minimum Offering Requirement. The Company will not pay any amounts to the Dealer Manager under this Section 5.1 unless and until the Company has satisfied the Minimum Offering requirement and received the proceeds from such subscriptions from the Escrow Agent. Following the satisfaction of the Minimum Offering requirement, all amounts payable to the Dealer Manager pursuant to this Section 5.1 will be paid in full within thirty (30) days after the investor subscribing for the Offered Shares is admitted as a stockholder of the Company.