Common use of Terminated Listing Clause in Contracts

Terminated Listing. If, at any time, the Deposit Account Agent receives a written instruction stating that the Offering has been terminated and the Parties will not proceed with a Closing, the Deposit Account Agent shall return all Cleared Funds to Subscribers according to the amounts and return payment instructions contained in the Offering Report promptly (noon the following business day) upon such written notification without deduction, penalty, or expense to Subscriber.

Appears in 4 contracts

Samples: Offering Deposit Account Agency Agreement (CNS Pharmaceuticals, Inc.), Offering Deposit Account Agency Agreement (CNS Pharmaceuticals, Inc.), Deposit Account Agency Agreement (Soliton, Inc.)

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