Common use of No Escrow Agent Clause in Contracts

No Escrow Agent. There is no escrow agent and no minimum offering amount. Purchasers understand and acknowledge that the Borrower may or may not raise capital other than their own subscription and, that the Borrower may accept subscriptions from Purchasers at any time. Purchasers acknowledge and agree that their subscriptions are irrevocable and binding commitments on the part of the Purchaser and that once their funds have been tendered to the Borrower with the appropriate subscription documents and their subscription received. The Borrower may reject any subscriptions in whole or in part for any reason or for no reason and shall return funds to the Purchaser to the extent of such non accepted funds, or, retains the right to hold the same for acceptance or rejection at a future closing, until the Termination Date of the offering, at which time, any unused subscription funds shall be returned to Purchaser.

No Escrow Agent. There is no escrow agent and no minimum offering amount. Purchasers understand Purchaser understands and acknowledge acknowledges that the Borrower Company may or may not raise capital other than their own subscription and, that the Borrower Company may accept subscriptions from Purchasers at any time. Purchasers acknowledge and agree that their subscriptions are irrevocable and binding commitments on the part of the Purchaser and that once their funds have been tendered to the Borrower Company with the appropriate subscription documents and their subscription received, Purchasers may not revoke their subscription. The Borrower Company may reject any subscriptions in whole or in part for any reason or for no reason and shall return funds to the Purchaser to the extent of such non accepted funds, or, retains the right to hold the same for acceptance or rejection at a future closing, until the Termination Date of the offering, at which time, any unused subscription funds shall be returned to Purchaser.

No Escrow Agent. There is no escrow agent and no minimum offering amount. Purchasers understand Purchaser understands and acknowledge acknowledges that the Borrower Company may or may not raise capital other than their own subscription and, that the Borrower Company may accept subscriptions from Purchaser as well as other Purchasers (if any) at any time. Purchasers acknowledge Purchaser acknowledges and agree agrees that their subscriptions are irrevocable and binding commitments on the part of the Purchaser and that once their funds have been tendered to the Borrower Company with the appropriate subscription documents and their subscription received. The Borrower Company may reject any subscriptions in whole or in part for any reason or for no reason and shall return funds to the Purchaser to the extent of such non accepted funds, or, retains the right to hold the same for acceptance or rejection at a future closing, until the Termination Date of the offering, at which time, any unused subscription funds shall be returned to Purchaser.