Subscription Payment Procedures Sample Clauses
Subscription Payment Procedures. 3.1 In order to purchase Shares, subscriber must complete and execute a subscription agreement in substantially the most recent form thereof attached as an exhibit or appendix to the Registration Statement (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause each Distribution Participant to, instruct subscribers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as EA for CNL Strategic Capital, LLC” and shall promptly return any check made payable to another party to the Distribution Participants or subscriber who submitted such check no later than the end of the next business day following its receipt. The Managing Dealer shall, and shall cause Distribution Participants to, instruct subscribers to wire funds directly to UMB Bank, N.A. (the “Escrow Agent”) as set forth in the Subscription Agreement and shall, and shall cause Distribution Participants, to promptly return any wires received that do not conform to the foregoing instructions. Checks received that conform to the foregoing instructions shall be transmitted under one of the transmittal procedures described below.
3.2 Where, pursuant to a Participating Broker’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks will be transmitted by the end of the next business day following receipt by the Participating Broker for deposit to DST Systems, Inc., as the processing agent for the Escrow Agent (the “Processing Agent”) or, after the Minimum Offering has been achieved, to the Company or its agent.
3.3 Where, pursuant to a Participating Broker’s internal supervisory procedures, final internal supervisory review is conducted at a different location, checks will be transmitted by the end of the next business day following receipt by the Participating Broker to the office of the Participating Broker 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 for deposit to the Processing Agent or, after the Minimum Offering has been achieved, to the Company or its agent.
3.4 Where the Managing Dealer (or its agent) receives in...
Subscription Payment Procedures. In order to purchase shares, the subscriber must complete and execute a subscription agreement. Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. Until such time (if any) as monies held in escrow are deliverable to the Company pursuant to the escrow agreement (“Escrow Agreement”) among the Company, Boston Financial Data Services, Inc. (“Transfer Agent”) and UMB Bank, N.A. (“Escrow Agent”), the Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB BANK, N.A., ESCROW AGENT FOR CNL MACQUARIE GLOBAL GROWTH TRUST, INC.” and shall return checks made payable to another party to the Participating Broker or subscriber who submitted the check. Thereafter, checks may be made payable to the Company. Until such time (if any) that monies are deliverable to the Company pursuant to the Escrow Agreement, all monies received for the purchase of Shares shall be promptly transmitted to the Transfer Agent which shall transmit such funds to the Escrow Agent by noon of the next business day following receipt of such funds for deposit into an escrow account established by the Company with the Escrow Agent. Such escrow account shall be denominated “Escrow Account for the Benefit of Subscribers of Common Shares of CNL Macquarie Global Growth Trust, Inc.” Thereafter, monies may be deposited by the Transfer Agent into one or more accounts of the Company.
Subscription Payment Procedures. 3.1 In order to purchase Shares, subscriber must complete and execute a subscription agreement in substantially the most recent form thereof attached as an appendix to the Registration Statement encompassing the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Dealer Manager shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB BANK, N.A., as EA for CNL HEALTHCARE PROPERTIES II, INC.” or, after the Company raises $2 million in the Offering (the “Minimum Offering”), to the Company, and shall promptly return any check made payable to another party to the Participating Broker or subscriber who submitted such check no later than the end of the next business day following its receipt. The Dealer Manager shall, and shall cause Participating Brokers to, instruct subscribers to wire funds directly to UMB Bank, N.A. (the “Escrow Agent”) as set forth in the Subscription Agreement. Checks received which conform to the foregoing instructions shall be transmitted under one of the transmittal procedures described below. Notwithstanding the foregoing, until $20 million (the “Washington Minimum”) has been raised in the Offering, investments from Washington investors will be held in a segregated account held by the escrow agent and until $87.5 million (the “Pennsylvania Minimum”) has been raised in the Offering, investments from Pennsylvania investors will be held in a segregated account held by the escrow agent. Unless and until the Washington Minimum or the Pennsylvania Minimum has been respectively reached, the Dealer Manager shall, and shall cause the Participating Brokers investors in those states shall continue to make checks for subscriptions payable to the order of “UMB BANK, N.A., as EA for CNL HEALTHCARE PROPERTIES II, INC.”
3.2 Where, pursuant to a Participating Broker’s internal supervisory procedures, internal supervisory review is conducted at the same location at which subscription documents and checks are received from subscribers, checks will be transmitted by the end of the next business day following receipt by the Participating Broker for deposit to DST Systems, Inc., as the processing agent for the Escrow Agent (the “Processing Agent”) or, after the Minimum Offering (or Washington Minimum or Pennsylvania Minimum, a...
Subscription Payment Procedures. In order to purchase Shares, the subscriber must complete and execute a subscription agreement substantially in the form provided as an appendix to the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as EA for Corporate Capital Trust, Inc.” and shall return any check made payable to another party to the Participating Broker or subscriber who submitted such check. Pursuant to the escrow agreement, (the “Escrow Agreement”), among the Company, the Managing Dealer, and UMB Bank, N.A. (the “Escrow Agent”), all monies received by the Company or its agents for the purchase of Shares shall be promptly transmitted to the Escrow Agent by noon of the next business day following receipt of such funds for deposit into an escrow account established by the Company with the Escrow Agent. Such escrow account shall be denominated “Escrow Account for the Benefit of Subscribers of Common Shares of Corporate Capital Trust, Inc.”
Subscription Payment Procedures. In order to purchase shares, the subscriber must complete and execute a subscription agreement. Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “GLOBAL GROWTH TRUST, INC.” and shall return checks made payable to another party to the Participating Broker or subscriber who submitted the check. All monies received for the purchase of Shares shall be promptly transmitted to _________________ (the “Transfer Agent”) which shall transmit such funds into one or more accounts of the Company.
Subscription Payment Procedures. In order to purchase Shares, subscriber must complete and execute a subscription agreement in substantially the most recent form thereof attached as an appendix to the Registration Statement encompassing the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. Checks may be made payable to the Company and monies may be deposited by the Transfer Agent into one or more accounts of the Company.
Subscription Payment Procedures. In order to purchase Shares, the subscriber must complete and execute a subscription agreement in substantially the most recent form thereof attached as an exhibit to the registration statement encompassing the Prospectus (a “Subscription Agreement”). Checks or wires for subscriptions shall be made in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as EA for Corporate Capital Trust II.” and shall promptly return any check made payable to another party to the Participating Broker or subscriber who submitted such check no later than the end of the next business day following its receipt. Pursuant to the escrow agreement, (the “Escrow Agreement”), among the Company, the Managing Dealer, and UMB Bank, N.A. (the “Escrow Agent”), all monies received by the Company or its agents for the purchase of Shares shall be promptly transmitted to the Escrow Agent by noon of the next business day following receipt of such funds for deposit into an escrow account established by the Company with the Escrow Agent. Such escrow account shall be denominated substantially similar to “Escrow Account for the Benefit of Subscribers of Common Shares of Corporate Capital Trust II”.
Subscription Payment Procedures. In order to purchase Shares, subscriber must complete and execute a subscription agreement in substantially the most recent form thereof attached as an appendix to the Registration Statement encompassing the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “CNL HEALTHCARE PROPERTIES, INC.” and shall return checks made payable to another party to the Participating Broker or subscriber who submitted the check. All monies received for the purchase of Shares shall be promptly transmitted to DST Systems, Inc. (the “Transfer Agent”) which shall transmit such funds into one or more accounts of the Company.