Rejected Subscriptions. No later than five (5) business days after receipt by Escrow Agent of written notice from Company or Dealer Manager that Company intends to reject a potential investor's subscription, Escrow Agent shall pay, by certified or bank check and by first-class mail, the amount of the Subscription Payment paid by such potential investor (together with all earnings thereon) or Escrow Agent shall return the instruments of payment delivered to Escrow Agent with respect to any Subscription Payment if such instruments have not been processed for collection prior to such time directly to such potential investor.
Appears in 8 contracts
Samples: Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.), Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.), Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.)
Rejected Subscriptions. No later than five (5) business days after receipt by Escrow Agent of written notice from Company or Dealer Manager that Company intends to reject a potential an investor's subscription, Escrow Agent shall pay, by certified or bank check and by first-class mail, the amount of the Subscription Payment paid by such potential investor (together with all earnings thereon) or Escrow Agent shall return the instruments of payment delivered to Escrow Agent with respect to any Subscription Payment if such instruments have not been processed for collection prior to such time directly to such potential investor.
Appears in 4 contracts
Samples: Escrow Agreement (NNN Healthcare/Office REIT, Inc.), Escrow Agreement (NNN Healthcare/Office REIT, Inc.), Escrow Agreement (NNN Apartment REIT, Inc.)
Rejected Subscriptions. No later than five (5) business days after receipt by Escrow Agent of written notice from Company or Dealer Manager that Company intends to reject a potential investor's ’s subscription, Escrow Agent shall pay, by certified or bank check and by first-class mail, the amount of the Subscription Payment paid by such potential investor (together with all earnings thereon) or Escrow Agent shall return the instruments of payment delivered to Escrow Agent with respect to any Subscription Payment if such instruments have not been processed for collection prior to such time directly to such potential investor.
Appears in 2 contracts
Samples: Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.), Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.)
Rejected Subscriptions. No later than five (5) business days after receipt by Escrow Agent of written notice from Company or Dealer Manager that Company intends to reject a potential investor's ’s subscription, Escrow Agent shall pay, pay by certified or bank check and by first-class mail, wire the amount of the Subscription Payment paid by such potential investor (together with all earnings thereon) or Escrow Agent shall return the instruments of payment delivered to Escrow Agent with respect to any Subscription Payment if such instruments have not been processed for collection prior to such time directly to such potential investor.
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