Common use of RELEASE OF PROCEEDS OF OFFERING Clause in Contracts

RELEASE OF PROCEEDS OF OFFERING. If 50 Units have been sold prior to the Closing Date, the proceeds of the offering will be released on the Closing Date and a subscriber shall be deemed to have been shall be deemed to have been admitted into the Partnership. 9.1.3

RELEASE OF PROCEEDS OF OFFERING. If 50 480 Units have been sold prior to the Closing Date, the proceeds of the offering Offering will be released to the Partnership on the Closing Date date such 480 Units have been sold and a subscriber shall be deemed to have been shall be deemed to have been admitted into the PartnershipPartnership on such date. 9.1.39.1.4

RELEASE OF PROCEEDS OF OFFERING. If 50 25 Units have been sold prior to the Closing Date, the proceeds of the offering Offering will be released on the Closing Date and a subscriber shall be deemed to have been shall be deemed to have been admitted into the PartnershipPartnership as a Limited Partner on that date. 13 14 9.1.3