Common use of Subscription Documents Clause in Contracts

Subscription Documents. Each person desiring to purchase Shares through the Dealer Manager, or any other Participating Broker-Dealer, will be required to complete and execute the subscription documents described in the Prospectus. In connection with Direct Registration System (“DRS”) Settlement, when a Participating Broker-Dealer’s internal supervisory procedures are conducted at the site at which the Subscription Agreement and check were initially received by the Participating Broker-Dealer from the subscriber, the Participating Broker-Dealer shall transmit the Subscription Agreement and check to the Escrow Agent by the end of the next business day following receipt of the check and Subscription Agreement. When, pursuant to the Participating Broker-Dealer’s internal supervisory procedures, the Participating Broker-Dealer’s final internal supervisory procedures are conducted at a different location (the “Final Review Office”), the Participating Broker-Dealer shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following the Participating Broker-Dealer’s receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to the Escrow Agent. If any Subscription Agreement solicited by the Participating Broker-Dealer is rejected by the Dealer Manager or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection.

Appears in 2 contracts

Samples: Dealer Manager Agreement (NexPoint Real Estate Finance, Inc.), Dealer Manager Agreement (Braemar Hotels & Resorts Inc.)

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Subscription Documents. Each person desiring to purchase Shares Units through the Dealer Manager, or any other Participating Broker-Soliciting Dealer, will be required to complete and execute the subscription documents described in the Prospectus. In connection with Direct Registration System (“DRS”) DRS Settlement, when a Participating Broker-Soliciting Dealer’s internal supervisory procedures are conducted at the site at which the Subscription Agreement and check were initially received by the Participating Broker-Soliciting Dealer from the subscriber, the Participating Broker-Soliciting Dealer shall transmit the Subscription Agreement and check to the Escrow Agent by the end of the next business day following receipt of the check and Subscription Agreement. When, pursuant to the Participating Broker-Soliciting Dealer’s internal supervisory procedures, the Participating Broker-Soliciting Dealer’s final internal supervisory procedures are conducted at a different location (the “Final Review Office”), the Participating Broker-Soliciting Dealer shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following the Participating Broker-Soliciting Dealer’s receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to the Escrow Agent. If any Subscription Agreement solicited by the Participating Broker-Soliciting Dealer is rejected by the Dealer Manager or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection.

Appears in 1 contract

Samples: Dealer Manager Agreement (Preferred Apartment Communities Inc)

Subscription Documents. Each person desiring to purchase Shares Preferred Stock through the Dealer Manager, or any other Participating Broker-Soliciting Dealer, will be required to complete and execute the subscription documents described in the ProspectusProspectus if purchasing units using DRS Settlement, as described further in subsection (c), below. In connection with Direct Registration System (“DRS”) DRS Settlement, when a Participating Broker-Soliciting Dealer’s internal supervisory procedures are conducted at the site at which the Subscription Agreement and check were initially received by the Participating Broker-Soliciting Dealer from the subscriber, the Participating Broker-Soliciting Dealer shall transmit the Subscription Agreement and check to the Escrow Agent by the end of the next business day following receipt of the check and Subscription Agreement. When, pursuant to the Participating Broker-Soliciting Dealer’s internal supervisory procedures, the Participating Broker-Soliciting Dealer’s final internal supervisory procedures are conducted at a different location (the “Final Review Office”), the Participating Broker-Soliciting Dealer shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following the Participating Broker-Soliciting Dealer’s receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to the Escrow Agent. If any Subscription Agreement solicited by the Participating Broker-Soliciting Dealer is rejected by the Dealer Manager or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection.

Appears in 1 contract

Samples: Dealer Manager Agreement (Preferred Apartment Communities Inc)

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Subscription Documents. Each person desiring to purchase Shares mShares through the Dealer Manager, or any other Participating Broker-Soliciting Dealer, will be required to complete and execute the subscription documents described in the Prospectus. In connection with Direct Registration System (“DRS”) DRS Settlement, when a Participating Broker-Soliciting Dealer’s internal supervisory procedures are conducted at the site at which the Subscription Agreement and check were initially received by the Participating Broker-Soliciting Dealer from the subscriber, the Participating Broker-Soliciting Dealer shall transmit the Subscription Agreement and check to the Escrow Agent by the end of the next business day following receipt of the check and Subscription Agreement. When, pursuant to the Participating Broker-Soliciting Dealer’s internal supervisory procedures, the Participating Broker-Soliciting Dealer’s final internal supervisory procedures are conducted at a different location (the “Final Review Office”), the Participating Broker-Soliciting Dealer shall transmit the check and Subscription Agreement to the Final Review Office by the end of the next business day following the Participating Broker-Soliciting Dealer’s receipt of the Subscription Agreement and check. The Final Review Office will, by the end of the next business day following its receipt of the Subscription Agreement and check, forward both the Subscription Agreement and check to the Escrow Agent. If any Subscription Agreement solicited by the Participating Broker-Soliciting Dealer is rejected by the Dealer Manager or the Company, then the Subscription Agreement and check will be returned to the rejected subscriber within 10 business days from the date of rejection.

Appears in 1 contract

Samples: Dealer Manager Agreement (Preferred Apartment Communities Inc)

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