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

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Corporation, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Dealer.

Appears in 9 contracts

Samples: Selected Dealer Agreement (First Capital Investment Corp), Dealer Manager Agreement (Freedom Capital Corp/Md), Dealer Manager Agreement (Freedom Capital Corp/Md)

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Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment instrument of payment for the Offered Primary Shares may be rejected. Issuance and delivery of the Offered Primary Shares will be made only after actual receipt of payment therefor. If any Subscription Payment instrument of payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Primary Shares within 15 days of salean order, the Corporation Company reserves the right to cancel the sale order without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Participating Dealer.

Appears in 9 contracts

Samples: Dealer Manager Agreement (Green Realty Trust, Inc.), Dealer Manager Agreement (Moody National REIT I, Inc.), Dealer Manager Agreement (Moody National REIT I, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or to the Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Participating Dealer.

Appears in 7 contracts

Samples: Dealer Manager Agreement (TP Flexible Income Fund, Inc.), Dealer Manager Agreement (Triton Pacific Investment Corporation, Inc.), Dealer Manager Agreement (Triton Pacific Investment Corporation, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment instrument of payment in payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment instrument of payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Fee due and otherwise payable to Selected Participating Dealer.

Appears in 5 contracts

Samples: Dealer Manager Agreement (Paladin Realty Income Properties Inc), Dealer Manager Agreement (Paladin Realty Income Properties Inc), Dealer Manager Agreement (Paladin Realty Income Properties Inc)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Dealer.

Appears in 5 contracts

Samples: Dealer Manager Agreement (Keating Capital Inc), Dealer Manager Agreement (Keating Capital Inc), Dealer Manager Agreement (Chanticleer Dividend Fund, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Dealer.

Appears in 4 contracts

Samples: Dealer Manager Agreement (VII Peaks Co-Optivist Income BDC II, Inc.), Dealer Manager Agreement (VII Peaks-KBR Co-Optivist Income BDC II, Inc.), Dealer Manager Agreement (VII Peaks-KBR Co-Optivist Income BDC II, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any reason or no reasonreason at all. Orders not accompanied by a Subscription Agreement and Agreement, an executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 seven (7) days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission or Dealer Manager Fee Concession theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission or Dealer ManagerManager Concession, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Concessions due and otherwise payable to Selected Dealer.

Appears in 4 contracts

Samples: Dealer Manager Agreement (FS Global Credit Opportunities Fund - ADV), Dealer Manager Agreement (FS Global Credit Opportunities Fund - ADV), Dealer Manager Agreement (FS Global Credit Opportunities Fund - ADV)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission Upfront Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission Upfront Selling Commission or Dealer ManagerManager Fee, the Dealer Manager shall have the right to offset amounts owed against future commissions or Upfront Selling Commissions, Dealer Manager Fees or Stockholder Servicing Fees due and otherwise payable to Selected Dealer.

Appears in 4 contracts

Samples: Selected Dealer Agreement (FS Credit Real Estate Income Trust, Inc.), Dealer Manager Agreement (FS Credit Real Estate Income Trust, Inc.), Dealer Manager Agreement (FS Credit Real Estate Income Trust, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Corporation, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 fifteen (15) days of sale, the Corporation reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Broker-Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission and any Additional Selling Commissions theretofore paid with respect to such order, and, if Selected Participating Broker-Dealer fails to so return any such commission Selling Commission or Dealer ManagerAdditional Selling Commissions, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions and Additional Selling Commissions due and otherwise payable to Selected Participating Broker-Dealer.

Appears in 3 contracts

Samples: Participating Broker Dealer Agreement (Owl Rock Capital Corp II), Participating Broker Dealer Agreement (Owl Rock Capital Corp II), Participating Broker Dealer Agreement (Owl Rock Capital Corp II)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Primary Shares may be rejected. Issuance and delivery of the Offered Primary Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Primary Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Participating Dealer.

Appears in 3 contracts

Samples: Dealer Manager Agreement (Paladin Realty Income Properties Inc), Dealer Manager Agreement (Paladin Realty Income Properties Inc), Dealer Manager Agreement (Paladin Realty Income Properties Inc)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement an Investor Application and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 fifteen (15) days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Broker-Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission theretofore paid with respect to such order, and, if Selected Participating Broker-Dealer fails to so return any such commission or Dealer ManagerSelling Commission, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions due and otherwise payable to Selected Participating Broker-Dealer.

Appears in 3 contracts

Samples: Distribution Agreement (Eagle Point Enhanced Income Trust), Dealer Manager Agreement (Eagle Point Institutional Income Fund), Dealer Manager Agreement (Eagle Point Institutional Income Fund)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Corporation, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission Selling Commission or Dealer Manager Fee Concession theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission Selling Commission or Dealer ManagerManager Concession, the Dealer Manager shall have the right to offset amounts owed against future commissions or Selling Commissions, Dealer Manager Concessions or Distribution Fees due and otherwise payable to Selected Dealer.

Appears in 2 contracts

Samples: Selected Dealer Agreement (FS Investment Corp IV), Selected Dealer Agreement (FS Investment Corp IV)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any reason or no reasonreason at all. Orders not accompanied by a Subscription Agreement and Agreement, an executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 seven (7) days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission Selling Commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Selling Commissions, the Dealer Manager Fees Fee or the Distribution Fee due and otherwise payable to Selected Dealer.

Appears in 2 contracts

Samples: Dealer Manager Agreement (FS Global Credit Opportunities Fund - T), Dealer Manager Agreement (FS Global Credit Opportunities Fund - T)

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Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Corporation, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission Upfront Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission Upfront Selling Commission or Dealer ManagerManager Fee, the Dealer Manager shall have the right to offset amounts owed against future commissions or Upfront Selling Commissions, Dealer Manager Fees or Distribution Fees due and otherwise payable to Selected Dealer.

Appears in 2 contracts

Samples: Selected Dealer Agreement (FS Investment Corp IV), Selected Dealer Agreement (FS Investment Corp IV)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Dealer.

Appears in 2 contracts

Samples: Dealer Manager Agreement (FS Energy & Power Fund), Dealer Manager Agreement (FS Energy & Power Fund)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission commission, Additional Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or to the Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions commissions, Additional Selling Commissions or Dealer Manager Fees due and otherwise payable to Selected Participating Dealer.

Appears in 2 contracts

Samples: Dealer Manager Agreement (Prospect Flexible Income Fund, Inc.), Dealer Manager Agreement (TP Flexible Income Fund, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement an Investor Application and executed signature page thereto and the required Subscription Payment for the Offered Shares Preferred Stock may be rejected. Issuance and delivery of the Offered Shares Preferred Stock will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares Preferred Stock within 15 fifteen (15) days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer Sxxxxxx Agent agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission theretofore paid with respect to such order, and, if Selected Dealer Selling Agent fails to so return any such commission or Dealer ManagerSelling Commission, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions due and otherwise payable to Selected DealerSelling Agent.

Appears in 1 contract

Samples: Dealer Manager Agreement (Eagle Point Credit Co Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Corporation, which reserves the right to reject any order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 fifteen (15) days of sale, the Corporation reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Broker-Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission and any and Additional Selling Commissions theretofore paid with respect to such order, and, if Selected Participating Broker-Dealer fails to so return any such commission Selling Commission or Dealer ManagerAdditional Selling Commissions, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions and Additional Selling Commissions due and otherwise payable to Selected Participating Broker-Dealer.

Appears in 1 contract

Samples: Participating Broker Dealer Agreement (Owl Rock Capital Corp II)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationFund, which reserves the right to reject any order, in whole or in part, for any reason or no reasonreason at all. Orders not accompanied by a Subscription Agreement and Agreement, an executed signature page thereto and the required Subscription Payment for the Offered Shares may be rejected. Issuance and delivery of the Offered Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Shares within 15 seven (7) days of sale, the Corporation Fund reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Dealer agrees to return to the Dealer Manager within 30 thirty (30) days thereafter any commission Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Dealer fails to so return any such commission Selling Commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Selling Commissions, Dealer Manager Fees or Distribution Fees due and otherwise payable to Selected Dealer.

Appears in 1 contract

Samples: Dealer Manager Agreement (FS Global Credit Opportunities Fund-T2)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CorporationCompany, which reserves the right to reject any order, in whole or in part, order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the Offered Primary Shares may be rejected. Issuance and delivery of the Offered Primary Shares will be made only after actual receipt of payment therefor. If any Subscription Payment is not paid upon presentment, or if the Corporation Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Offered Primary Shares within 15 days of sale, the Corporation Company reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Selected Participating Dealer agrees to return to the Dealer Manager within 30 days thereafter Company any commission or to the Dealer Manager the Dealer Manager Fee theretofore paid with respect to such order, and, if Selected Participating Dealer fails to so return any such commission or Dealer Manager Fee, the Company or Dealer Manager, as the Dealer Manager case may be, shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Selected Participating Dealer.

Appears in 1 contract

Samples: Participating Dealer Agreement (Paladin Realty Income Properties Inc)

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