Common use of Payment of Subscription Price Clause in Contracts

Payment of Subscription Price. The full purchase price for units is $1 per unit, payable in cash concurrently with delivery of this subscription agreement. I understand that my subscription funds will be held by the managers until my funds are needed by the company to fund a mortgage investment or for other proper company purposes, and only then will I actually be admitted to the company. In the interim, my subscription funds will earn interest at passbook savings accounts rates. Such interest will be returned to me after I am admitted to the company.

Payment of Subscription Price. The full purchase price for units Units is $1 1,000 per unitUnit, payable in cash concurrently with delivery of this subscription agreementSubscription Agreement. I understand that my subscription funds will be held by the managers General Partner in a non- interest bearing segregated subscription account at a financial institution selected by the General Partner, until my funds are needed by the company Company to fund a mortgage investment or for other proper company purposesloan, and only then will I actually be admitted to the companyCompany. In the interim, my subscription funds will not earn interest at passbook savings accounts rates. Such interest will be returned to me after I am admitted to in the companysubscription account.

Payment of Subscription Price. The full purchase price for units is $1 1,000 per unit, Unit and is payable in cash concurrently with delivery of this subscription agreementSubscription Agreement. I understand that my subscription funds will not earn interest for my account and will be held by the managers Manager which may earn interest for the account of the Company in a segregated subscription account at a financial institution selected by the Manager, until my funds are needed by the company Company to fund a mortgage investment or for other proper company purposesloan, and only then will I actually be admitted to the companyCompany. In the interim, my subscription funds will not earn interest at passbook savings accounts rates. Such interest will be returned to me after I am admitted to in the companysubscription account.