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 , 2014, the one-year anniversary of the date the Offering Document was initially declared effective by the Securities and Exchange Commission (the “SEC”) if the Minimum Amount has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, to Pennsylvania Investors, pursuant to Section 4, and to New York Investors pursuant to Section 5, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on , 20142016, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, and to New York Investors and Washington Investors pursuant to Section 5Sections 4, 5 and 6, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on , 20142016, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, Washington Investors and to New York Investors pursuant to Section 5Sections 4, 5 and 6, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on April 28, 20142017, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, Washington Investors and to New York Investors pursuant to Section 5Sections 4, 5 and 6, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on , 2014, the one-year anniversary of the date the Offering Document was initially declared effective by the Securities and Exchange Commission (the “SEC”) if the Minimum Amount has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, to Pennsylvania Investors, pursuant to Section 4, Ohio Investors and to New York Investors pursuant to Section Sections 4, 5, and 6, respectively and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on , 20142016, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, Investors and to New York Investors pursuant to Section Sections 4 and 5, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on June 8, 20142016, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, and to New York Investors and Washington Investors pursuant to Section 5Sections 4, 5 and 6, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.

Term of Escrow. The “Termination Date,” shall be the earliest of: (i) the close of business on on________________, 20142016, the one-year anniversary of the date the Offering Document Registration Statement was initially declared effective by the Securities and Exchange Commission (the “SEC”) , if the Minimum Amount Offering has not been obtained prior to such date; (ii) the date on which all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3, or to Pennsylvania Investors, pursuant to Section 4, and to New York Investors and Washington Investors pursuant to Section 5Sections 4, 5 and 6, respectively, and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities or that the Offering is terminating; and (iv) 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 Registration Statement and has remained in effect for at least twenty (20) days.