Common use of Term of Escrow Clause in Contracts

Term of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●], 2015, the one year anniversary of the Initial Effective Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 2016, the two year anniversary of the Initial Effective Date; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 20152014, the one year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 20162015, the two year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 2015, the one year anniversary of the Initial Effective Escrow Break Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 20162015, the two year anniversary of the Initial Effective Datedate the Offering Document was declared effective by the Securities and Exchange Commission; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and 3, for Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close each of the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●]May 8, 2015, the one year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●]May 8, 2016, the two year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Arizona Investors and Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●]August 20, 2015, the one year anniversary of the Initial Effective Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●]August 20, 2016, the two year anniversary of the Initial Effective Date; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 20152014, the one year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 20162015, the two year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and 4, for Washington Investors, Section 5, 5 and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●]September 25, 2015, the one year anniversary of the Initial Effective Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●]September 25, 2016, the two year anniversary of the Initial Effective Date; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 2015, the one year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 2016, the two year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 20152014, the one year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 20162015, the two year anniversary of the Initial Effective Datedate the Offering Document was initially declared effective by the SEC; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and 3, for Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●]May 14, 20152016, the one year anniversary of the Initial Effective Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●]May 14, 20162017, the two year anniversary of the Initial Effective Date; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●]August 26, 2015, the one year anniversary of the Initial Effective Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●]August 26, 2016, the two year anniversary of the Initial Effective Date; (iii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. This Escrow Agreement shall terminate (the The “Termination Date”) on ” shall be the earliest of: (i) [●], 2015, the one year anniversary of the Initial Effective Escrow Break Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on [●], 20162015, the two year anniversary of the Initial Effective Datedate the Offering Document was declared effective by the Securities and Exchange Commission; (iii) the date on which all funds held in the Company Escrow Account Accounts are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania Investors, Section 4 and for Washington Investors, Section 54, and the Company has informed the Escrow Agent in writing to close each of the Company Escrow AccountAccounts; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date, Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.