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.
Appears in 5 contracts
Samples: Dealer Manager Agreement (Clarion Partners Property Trust Inc.), Dealer Manager Agreement (Clarion Property Trust Inc.), Dealer Manager Agreement (Clarion Property Trust Inc.)
