Common use of Term of Escrow Clause in Contracts

Term of Escrow. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ], the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III Escrow Accounts are distributed to the Company or to Investors pursuant to Section 3, for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III II Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III II Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ], the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC RCA Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC RCA Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ], the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC- Northcliffe Escrow Accounts are distributed to the Company or to Investors pursuant to Section 3, for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC- Northcliffe Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The ““ Termination DateDate ” shall be the earliest of: (i) the close of business on [ ______], 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______February 18, 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC Escrow Accounts are distributed to the Company or to Investors pursuant to Section 3, and for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______September 2, 20 __ ]2011, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC Healthcare Escrow Accounts are distributed to the Company or to Investors pursuant to Section 3, for Pennsylvania Investors, Section 4 and 4, or, for Tennessee Investors, Section 5 5, and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC Healthcare Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” “ shall be the earliest of: (i) the close of business on [ ______September 2, 20 __ ]2011, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC NYRR Escrow Accounts are distributed to the Company or to Investors pursuant to Section 3, for Pennsylvania Investors, Section 4 and 4, or, for Tennessee Investors, Section 5 5, and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC NYRR Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The ““ Termination DateDate ” shall be the earliest of: (i) the close of business on [ ______, 20 __ ], the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______March 17, 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III ARC RCA Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III ARC RCA Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III Company Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III Company Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The ““ Termination DateDate ” shall be the earliest of: (i) the close of business on [ ______March 31, 20 __ ]2012, the one year anniversary of the date the Offering Document was declared effective by the Securities and Exchange Commission; (ii) all funds held in the ARCT III Escrow Accounts are distributed to the Company or to Investors pursuant to Section 33 , for Pennsylvania Investors, Section 4 and for Tennessee Investors, Section 5 and the Company has informed the Escrow Agent in writing to close each of the ARCT III Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the 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 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. The “Termination Date” shall be the earliest of: (i) the close of business on [ ______, 20 __ ]2014, the one year anniversary of the date the Offering Document was initially declared effective by the Securities and Exchange CommissionSEC, if the Minimum Amount has not been obtained prior to such date; (ii) the date on which all funds held in the ARCT III Escrow Accounts Account are distributed to the Company or to Investors pursuant to Section 3, for 3 and to Pennsylvania Investors and Washington Investors, Section pursuant to Sections 4 and for Tennessee Investors5, Section 5 respectively, and the Company has informed the Escrow Agent in writing to close each of the ARCT III Escrow AccountsAccount; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission SEC 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.