Common use of Receipt of Minimum Subscription Payments Clause in Contracts

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.

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 (the "Minimum Subscription Satisfaction DateMINIMUM 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 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 NoticeMINIMUM SUBSCRIPTION NOTICE AND DISBURSEMENT INSTRUCTION"). After receipt Within two (2) business days 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 "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. After If after the Escrow Agent has delivered received the Minimum Subscription NoticeNotice and Disbursement Instruction, the Dealer Manager shall send the Escrow Agent Subscription Payments to Escrow Agent made payable to the Escrow Agent, and the Escrow Agent will deposit the Subscription Payments into the Escrow Account, as described herein and and, within twenty four (24) hours of such deposit, deliver the Subscription Payments and any interest thereon in the Escrow Account in the manner, amounts and to the Company as directedbank accounts set forth in the Minimum Subscription Notice and Disbursement Instruction.

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 (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 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"Notice and Disbursement Instruction”). After receipt Within two (2) business days 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 "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. After If after the Escrow Agent has delivered received the Minimum Subscription NoticeNotice and Disbursement Instruction, the Dealer Manager shall send the Escrow Agent Subscription Payments to Escrow Agent made payable to the Escrow Agent, and the Escrow Agent will deposit the Subscription Payments into the Escrow Account, as described herein and and, within twenty four (24) hours of such deposit, deliver the Subscription Payments and any interest thereon in the Escrow Account in the manner, amounts and to the Company as directedbank accounts set forth in the Minimum Subscription Notice and Disbursement Instruction.