Common use of Required Minimum Offering Clause in Contracts

Required Minimum Offering. The Dealer will transmit checks and subscription documents from residents of states that have imposed a State-Required Minimum Offering for deposit to the escrow agent for the Company or, after the applicable State-Required Minimum Offering has been achieved, to the Company by noon of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from residents of states that have imposed a State-Required Minimum Offering. The Final Review Office will transmit checks and subscription documents from residents of states that have imposed a State-Required Minimum Offering for deposit to the escrow agent for the Company or, after the applicable State-Required Minimum Offering has been achieved, to the Company by the end of the next business day following receipt by the Final Review Office.

Required Minimum Offering. The Dealer will transmit checks and subscription documents from residents of states that have imposed a State-Required Minimum Offering for deposit to the escrow agent for the Company or, after the applicable State-Required Minimum Offering has been achieved, to the Company by noon of the next business day following receipt by the Dealer. Where, pursuant to the Dealer’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks and subscription documents will be transmitted by the end of the next business day following receipt by the Dealer to the office of the Dealer conducting such final internal supervisory review (the “Final Review Office”). The Final Review Office will in turn by the end of the next business day following receipt by the Final Review Office transmit such checks and subscription documents for deposit to the escrow agent for the Company or, after the Minimum Offering has been achieved, to the Company, except for investments from residents of states that have imposed a State-Required Minimum Offering. The Final Review Office will transmit checks and subscription documents from residents of states that have imposed a State-Required Minimum Offering for deposit to the escrow agent for the Company or, after the applicable State-Required Minimum Offering has been achieved, to the Company by the end of the next business day following receipt by the Final Review Office.