Common use of Procedures for Deposits Clause in Contracts

Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. The Agent shall wire all such funds for deposit in the following escrow account: Wachovia Bank, National Association, Escrow Agent Charlotte, North Carolina ABA # 000000000 Account # [ ] Attn: Corporate Trust-Bond Admin/X. Xxxx FFC: [ ] Each such deposit shall be accompanied by the following documents: (1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes; (2) a Subscription Accounting; and (3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. The Escrow Agent is under no obligation to accept deposits from anyone other than the Agent. If a deposit is received by 12:00 P.M. on a given business day, it will be accepted that business day; otherwise it will be accepted on or as of the next business day, except that a wire of funds will be deemed to be received on the actual day of receipt.

Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. The Agent shall wire all such funds for deposit in the following escrow account: Wachovia Bank, National Association, Escrow Agent Charlotte, North Carolina ABA # 000000000 Account # [ ] 5000000016439 Attn: Corporate Trust-Bond AdminXxxx Xxxx/X. Xxxx CT 5300 FFC: [ ] Apple Reit Eight Each such deposit shall be accompanied by the following documents: (1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes; (2) a Subscription Accounting; and (3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. The Escrow Agent is under no obligation to accept deposits from anyone other than the Agent. If a deposit is received by 12:00 P.M. on a given business day, it will be accepted that business day; otherwise it will be accepted on or as of the next business day, except that a wire of funds will be deemed to be received on the actual day of receipt.

Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. The Agent shall wire all such funds for deposit in the following escrow account: Wachovia Bank, National Association, Escrow Agent Charlotte, North Carolina ABA # 000000000 XXXXXXXXX Account # [ ] XXXXXXXXX Attn: Corporate Trust-Bond Admin/X. Xxxx XXXXXXXXXXX FFC: [ ] Apple REIT Nine Each such deposit shall be accompanied by the following documents: (1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes; (2) a Subscription Accounting; and (3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. The Escrow Agent is under no obligation to accept deposits from anyone other than the Agent. If a deposit is received by 12:00 P.M. on a given business day, it will be accepted that business day; otherwise it will be accepted on or as of the next business day, except that a wire of funds will be deemed to be received on the actual day of receipt.

Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. The Agent shall wire all such funds for deposit in the following escrow account: Wachovia Bank, National Association, Escrow Agent Charlotte, North Carolina ABA # 000000000 XXXXXXXXX Account # [ ] XXXXXXXXX Attn: Corporate Trust-Bond Admin/X. Xxxx XXXXXXXXXXX FFC: [ ] Apple Reit Eight Each such deposit shall be accompanied by the following documents: (1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes; (2) a Subscription Accounting; and (3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. The Escrow Agent is under no obligation to accept deposits from anyone other than the Agent. If a deposit is received by 12:00 P.M. on a given business day, it will be accepted that business day; otherwise it will be accepted on or as of the next business day, except that a wire of funds will be deemed to be received on the actual day of receipt.