Receipt of Minimum Subscription Payments Sample Clauses

Receipt of Minimum Subscription Payments. Subject to the provisions of Section 2 and Section 4(a) and (b) hereof, Escrow Agent shall hold all Subscription Payments deposited with Escrow Agent in the Escrow Account under the terms of this Agreement until such date (the "Minimum Subscription Satisfaction Date") as Escrow Agent determines that the Escrow Account is equal to or greater than the Minimum Subscription and has given written notice to Company and Dealer Manager of such occurrence (the "Minimum Subscription Notice"). After receipt of the Minimum Subscription Notice, Company or Dealer Manager shall deliver to Escrow Agent a written instruction regarding the delivery of all Subscription Payments in the Escrow Account to Company (the "Disbursement Instruction"). Escrow Agent shall deliver all Subscription Payments in the Escrow Account and all earnings thereon to Company in the manner, amounts and to the bank accounts set forth in the Disbursement Instruction. After Escrow Agent has delivered the Minimum Subscription Notice, Dealer Manager shall send Subscription Payments to Escrow Agent made payable to Escrow Agent, and Escrow Agent will deposit the Subscription Payments into the Escrow Account, as described herein and deliver the Subscription Payments and any interest thereon in the Escrow Account to the Company as directed.
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Receipt of Minimum Subscription Payments. Subject to the provisions of Section 2 and Section 4(a) and (b) hereof, Escrow Agent shall hold all Subscription Payments deposited with Escrow Agent in the Escrow Account under the terms of this Escrow Agreement until such date (“Minimum Subscription Satisfaction Date”) as Company and Dealer Manager shall have delivered to the Escrow Agent a joint written instruction notifying Escrow Agent that the Minimum Subscription has been received and accepted (the “Minimum Subscription Notice and Disbursement Instruction.”) Within one (1) business days of the Minimum Subscription Notice and Disbursement Instruction, Escrow Agent shall deliver all Subscription Payments in the Escrow Account and all earnings thereon to Company in the manner, amounts and to the bank accounts set forth in the Minimum Subscription Notice and Disbursement Instruction. For a period of 30 days after the Minimum Subscription Satisfaction Date, Escrow Agent will keep open the Escrow Account. Any Subscription Proceeds received by Escrow Agent for up to 30 days after the Minimum Subscription Satisfaction Date will be forwarded to the Company pursuant to instructions provided by the Company.
Sample 1
Receipt of Minimum Subscription Payments. Subject to the provisions of Section 2 and Section 4(a) and (b) hereof, Escrow Agent shall hold all Subscription Payments deposited with Escrow Agent in the Escrow Account under the terms of this Escrow Agreement until such date ("MINIMUM SUBSCRIPTION SATISFACTION DATE") as Company and Dealer Manager shall have delivered to the Escrow Agent a joint written instruction notifying Escrow Agent that the Minimum Subscription has been received and accepted (the "MINIMUM SUBSCRIPTION NOTICE AND DISBURSEMENT INSTRUCTION"). Within two (2) business days of the Minimum Subscription Notice and Disbursement Instruction, Escrow Agent shall deliver all Subscription Payments in the Escrow Account and all earnings thereon to Company in the manner, amounts and to the bank accounts set forth in the Minimum Subscription Notice and Disbursement Instruction.
Sample 1

Related to Receipt of Minimum Subscription Payments

  • Receipt of Purchase Price Receipt of the Purchase Price and any adjustments due Seller under Article VII at the Closing in the manner herein provided.

  • Payment of Subscription Price The full purchase price for Units is $100 per Unit, payable in cash concurrently with delivery of this Subscription Agreement. I understand that my subscription funds will be held by the General Partners, until my funds are needed by the Partnership to fund a mortgage investment or for other proper Partnership purposes, and only then will I actually be admitted to the Partnership. In the interim, my subscription funds will earn interest at passbook savings accounts rates. If I elect to receive monthly, quarterly or annual cash distributions, then such interest will be returned to me when I am admitted to the Partnership. If I elect to allow my share of Partnership income in the form of additional Units that will be reinvested by the Partnership, then such interest will be invested in the Partnership in which case I understand that the number of Units I initially subscribed for will be increased accordingly. If I initially elect to receive additional Units and reinvest my share of Partnership income, I may after three (3) years change my election and receive monthly, quarterly or annual cash distributions. I understand that if I initially elect to receive monthly, quarterly or annual cash distributions, my election to receive cash distributions is irrevocable. However, I understand that I may change whether I receive such distributions on a monthly, quarterly or annual basis.

  • Subscription Price Each Warrant is exercisable at a price per share (the “Exercise Price”) of US$1.00. One (1) Warrant and the Exercise Price are required to subscribe for each share during the term of the Warrants.

  • Minimum Purchase Broker-Dealer shall not sell fewer than $5,000 in Notes to any purchaser without the prior written consent of Issuer.

  • Delivery of Shares Tendered in Payment of Purchase Price If the Optionee exercises this option by delivery of shares of Common Stock of the Company, the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

  • Notice of Change in Exercise Price The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall describe the event causing the change and the method of calculating same and shall be certified as being true and accurate by the Company’s Chief Financial Officer.

  • Adjustments of Exercise Price and Number of Shares The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:

  • Subscription and Purchase Price (a) The total sum of the Purchase Price plus the Subscription Price for the Xxxxxxxx Shares shall be Reais Equivalent to U.S.$114,000,000.00 (One hundred fourteen Million U.S. Dollars plus R$8,000,000 (eight million Reais). Such payments shall not be adjusted by profits and losses of the Newco (in the ordinary course of business) as of the date of the Transfer of the Business.

  • Certificate of Adjusted Exercise Price or Number of Shares Whenever an adjustment is made as provided in Sections 11 and 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of a Rights Certificate in accordance with Section 26 hereof. Notwithstanding the foregoing sentence, the failure of the Company to make such certification or give such notice shall not affect the validity of such adjustment or the force or effect of the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment contained therein and shall not be deemed to have knowledge of such adjustment unless and until it shall have received such certificate.

  • Certificate of Adjusted Purchase Price or Number of Shares Whenever an adjustment is made as provided in Section 11 and Section 13 hereof, the Company shall (a) promptly prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Rights Agent, and with each transfer agent for the Preferred Stock and the Common Stock, a copy of such certificate, and (c) mail a brief summary thereof to each holder of a Rights Certificate (or, if prior to the Distribution Date, to each holder of a certificate representing shares of Common Stock) in accordance with Section 26 hereof. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained.

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