Common use of Rejection or Termination Clause in Contracts

Rejection or Termination. The payment of the Subscription Amount (or, in the case of rejection of a portion of the Subscriber’s subscription, the part of the payment relating to such rejected portion) will be returned, without interest, but subject to deduction of third party processing fees, if any, if Subscriber’s subscription is rejected in whole or in part or if the Offering is terminated or canceled.

Appears in 23 contracts

Sources: Subscription Agreement, Subscription Agreement (Masterworks Vault 6, LLC), Subscription Agreement (Masterworks Vault 10, LLC)

Rejection or Termination. The payment of the Subscription Amount Purchase Price (or, in the case of rejection of a portion of the Subscriber’s subscription, the part of the payment relating to such rejected portion) will be returned, without interest, but subject to deduction of third party processing fees, if any, if Subscriber’s subscription is rejected in whole or in part or if the Offering is terminated or canceledpart.

Appears in 1 contract

Sources: Subscription Agreement (Graystone Company, Inc.)