Common use of Term of Escrow Clause in Contracts

Term of Escrow. The “Termination Date” shall be the earlier of (i) the close of business on the one year anniversary of the date of this Escrow Agreement; (ii) the disbursement of all funds held in the REIT Escrow Accounts to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company to the Escrow Agent in writing, directing the termination each of the REIT Escrow Accounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; or (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 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 earlier of earliest of: (i) the close of business on the one year anniversary of [_____], 2011, sixty (60) days after the date of this Escrow Agreementthe Offering Document was declared effective by the SEC; (ii) the disbursement of all funds held in the REIT Escrow Accounts Account are distributed to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company to has informed the Escrow Agent in writing, directing writing to close the termination each of the REIT Escrow AccountsAccount; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; or 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 earlier of earliest of: (ia) the close of business on [________], 2015, or [__________], 2016 if the one year anniversary of Offering is extended to such date by the date of this Escrow AgreementCompany; (iib) the disbursement of all funds held in the REIT Escrow Accounts Account are distributed to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company to has informed the Escrow Agent in writing, directing writing to close the termination each of the REIT Escrow AccountsAccount; (iiic) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; or and (ivd) 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) 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. The “Termination Date” shall be the earlier of earliest of: (i) the close of business on [ ______, 20 __ ], the one year anniversary of the date of this Escrow Agreementthe Offering Document was declared effective by the Securities and Exchange Commission; (ii) the disbursement of all funds held in the REIT Escrow Accounts Account are distributed to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company to has informed the Escrow Agent in writing, directing the termination writing to close each of the REIT Escrow AccountsAccount; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; or 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 earlier of earliest of: (i) the close of business on ______, 20__, the one year anniversary of the date of this Escrow Agreementthe Offering Document was declared effective by the Securities and Exchange Commission; (ii) the disbursement of all funds held in the REIT Escrow Accounts Account are distributed to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company to has informed the Escrow Agent in writing, directing the termination writing to close each of the REIT Escrow AccountsAccount; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; or 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.