Common use of Refund of Purchase Price Clause in Contracts

Refund of Purchase Price. In the event that the Offering is not consummated for any reason, including but not limited to the inability to sell a minimum of 4,505,000 Shares during the Offering (including any permitted extension thereof) or such other minimum number of Shares as shall be established consistent with the Plan, this Agreement shall terminate and any persons who have subscribed for any of the Shares shall have refunded to them the full amount that has been received from such person, without interest, as provided in the Prospectus.

Refund of Purchase Price. In the event that the Offering Conversion is not consummated for any reason, including but not limited to the inability to sell a minimum of 4,505,000 6,097,938 Shares during the Offering Offerings (including any permitted extension thereof) or such other minimum number of Shares as shall be established consistent with the PlanPlan and the Conversion Regulations, this Agreement shall terminate and any persons who have subscribed for any of the Shares shall have refunded to them the full amount that which has been received from such person, without interest, together with interest as provided in the Prospectus.