Common use of Right to Reject Order or Cancel Sales Clause in Contracts

Right to Reject Order or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Manager; the Company and the Manager reserve the right to reject any order in whole or in part. Orders not accompanied by a Subscription Agreement and Signature page and the required check payment for the Units may be rejected. Issuance and delivery of the certificates for the Units will be made only after actual receipt of payment therefor. Subject to the otherwise applicable terms of the Bank Escrow Agreement, if any check is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier's check or the equivalent in payment for the Units within 15 days of sale, the Company reserves the right to cancel the sale without notice. If an order is rejected, cancelled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Right to Reject Order or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Manager; the Company Fund and the Manager reserve the right to reject any order in whole or in part. Orders not accompanied by a Subscription Agreement and Signature page and the required check payment for the Units may be rejected. Issuance and delivery of the certificates for the Units will be made only after actual receipt of payment therefor. Subject to the otherwise applicable terms of the Bank Escrow Agreement, if any check is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier's check or the equivalent in payment for the Units within 15 days of sale, the Company Fund reserves the right to cancel the sale without notice. If an order is rejected, cancelled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager Underwriter any commission theretofore paid with respect to such order.

Right to Reject Order or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Manager; the Company Fund and the Manager reserve the right to reject any order in whole or in part. Orders not accompanied by a Subscription Agreement and Signature page and the required check payment for the Units Certificates may be rejected. Issuance and delivery of the certificates for the Units Certificates will be made only after actual receipt of payment therefor. Subject to the otherwise applicable terms of the Bank Escrow Agreement, if any check is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier's check or the equivalent in payment for the Units Certificates within 15 days of sale, the Company Fund reserves the right to cancel the sale without notice. If an order is rejected, cancelled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Right to Reject Order or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Manager; the Company Fund and the Manager reserve the right to reject any order in whole or in part. Orders not accompanied by a Subscription Agreement and Signature page and the required check payment for the Units may be rejected. Issuance and delivery of the certificates for the Units will be made only after actual receipt of payment therefor. Subject to the otherwise applicable terms of the Bank Escrow Agreement, if any check is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier's check or the equivalent in payment for the Units within 15 days of sale, the Company Fund reserves the right to cancel the sale without notice. If an order is rejected, cancelled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager Underwriter any commission theretofore paid with respect to such order.