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 General Partners, and the Partnership and the General Partners reserve the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units may be rejected. Issuance and delivery of the Units will be made only after actual receipt of payment therefor. If any check is not paid upon presentment, or if the Partnership 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 Partnership reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 6 contracts

Samples: Dealer Manager Distribution Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Dealer Manager Distribution Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Dealer Manager Distribution Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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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 General PartnersManager, and the Partnership Issuer and the General Partners Manager reserve the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units Class A Common Shares may be rejected. Issuance and delivery of the Units Class A Common Shares will be made only after actual receipt of payment therefortherefore. If any check is not paid upon presentment, or if the Partnership Issuer is not in actual receipt of clearinghouse funds Issuers or cash, certified or cashier's check or the equivalent in payment for the Units Class A Common Shares within 15 days of sale, the Partnership Issuer reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 3 contracts

Samples: Selected Dealer Agreement (New School Properties, Inc.), Selected Dealer Agreement (New School Properties, Inc.), Selected Dealer Agreement (New School 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 General Partners, and ; the Partnership and the General Partners reserve the right to reject any order for any or no reasonorder. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units may be rejected. Issuance and delivery of the Units will be made only after actual receipt of payment therefor. If any check is not paid upon presentment, or if the Partnership 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 Partnership reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 3 contracts

Samples: Dealer Manager Distribution Agreement (Wells Real Estate Fund Xiii L P), Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp, Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp

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 General PartnersManager, and the Partnership Issuer and the General Partners Manager reserve the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units Common Shares may be rejected. Issuance and delivery of the Units Common Shares will be made only after actual receipt of payment therefortherefore. If any check is not paid upon presentment, or if the Partnership Issuer is not in actual receipt of clearinghouse funds Issuers or cash, certified or cashier's check or the equivalent in payment for the Units Common Shares within 15 days of sale, the Partnership Issuer reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 2 contracts

Samples: Selected Dealer Agreement (Medical Hospitality Group, Inc.), Selected Dealer Agreement (Medical Hospitality Group, Inc.)

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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 General PartnersPartners or the Partnership, and the Partnership and the General Partners which reserve the right to reject any order for any or no reasonorder. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units may be rejected. Issuance and delivery of the Units will be made only after actual receipt of payment therefor. If any check is not paid upon presentment, or if the Partnership is not in actual receipt of clearinghouse funds or cash, certified or cashier's ’s check or the equivalent in payment for the Units within 15 days of sale, the Partnership reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 1 contract

Samples: Dealer Manager Agreement (Wells Real Estate Fund Xiv Lp)

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 General PartnersDealer Manager, and the Partnership Issuer and the General Partners Dealer Manager reserve the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and Signature Page and the required check in payment for the Units Common Shares may be rejected. Issuance and delivery of the Units Common Shares will be made only after actual receipt of payment therefortherefore. If any check is not paid upon presentment, or if the Partnership Issuer is not in actual receipt of clearinghouse funds Issuers or cash, certified or cashier's check or the equivalent in payment for the Units Common Shares within 15 days of sale, the Partnership Issuer reserves the right to cancel the sale without notice. In the event an order is rejected, canceled or rescinded for any reason, the Dealer agrees to return to the Dealer Manager any commission theretofore paid with respect to such order.

Appears in 1 contract

Samples: Selected Dealer Agreement (Medical Hospitality Group, Inc.)

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