Common use of Minimum Offering Clause in Contracts

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.

Appears in 1 contract

Samples: Agency Agreement

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Minimum Offering. (a) The Closing of the Offering is subject to aggregate gross proceeds from the Offering being a minimum of $275,000 350,000 (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.

Appears in 1 contract

Samples: Agency Agreement

Minimum Offering. (a) The Closing of the Offering is subject to aggregate gross proceeds from the Offering being a minimum of $275,000 2,000,000 (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 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.

Appears in 1 contract

Samples: Agency Agreement

Minimum Offering. (a) The Closing of the Offering is subject to aggregate gross proceeds from the Offering being a minimum of $275,000 400,000 (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.

Appears in 1 contract

Samples: Agency Agreement

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Minimum Offering. (a) The Closing of the Offering is subject to aggregate gross proceeds from the Offering being a minimum of $275,000 300,000 (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.

Appears in 1 contract

Samples: Agency Agreement

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