Common use of Term of Escrow Clause in Contracts

Term of Escrow. The “Termination Date” shall be the earliest of: (i) , 2015, the one year anniversary of the date 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 date 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, for Washington Investors, Section 5 and Ohio Investors, Section 6, 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. The “Termination Date” shall be the earliest of: (i) February 14, 20152014, the one year anniversary of the date 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 February 14, 20162015, the two year anniversary of the date 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, for Washington Investors, Section 5 and Ohio Investors, Section 6, 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. The “Termination Date” shall be the earliest of: (i) April 4, 20152014, the one year anniversary of the date 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 April 4, 20162015, the two year anniversary of the date 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, for Ohio Investors, Section 5, for Washington Investors, Section 5 and Ohio Investors, Section 6, 6 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. The “Termination Date” shall be the earliest of: (i) February 12, 20152014, the one year anniversary of the date 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 February 12, 20162015, the two year anniversary of the date 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, for Washington Investors, Section 5 and 5, for Ohio Investors, Section 6, 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. The “Termination Date” shall be the earliest of: (i) , 2015, the one year anniversary of the date the Offering Document was initially declared effective by the SECInitial Escrow Break Date, if the Minimum Amount has not been obtained prior to such date; (ii) the close of business on April 20, 20162014, the two year anniversary of the date the Offering Document was initially declared effective by the SECSecurities 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 3, for Pennsylvania Investors, Section 4, for Washington Tennessee Investors, Section 5 and for Ohio Investors, Section 6, 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.