Common use of Termination and Disbursement Clause in Contracts

Termination and Disbursement. In the event there is any termination or failure of the Offering pursuant to Sections 6b or 6c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer, pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, the amount of each Subscriber’s Cash Investment without interest.

Appears in 3 contracts

Samples: Subscription Escrow Agreement (CapRocq Core REIT, Inc.), Subscription Escrow Agreement (CapRocq Core REIT, Inc.), Subscription Escrow Agreement (CapRocq Core REIT, Inc.)

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Termination and Disbursement. In the event there is any termination or failure of the Offering offering pursuant to Sections 6b or 6c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer, pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, the amount of each Subscriber’s Cash Investment without interest.

Appears in 2 contracts

Samples: Subscription Escrow Agreement (Muscle Maker, Inc.), Subscription Escrow Agreement (Ronco Brands, Inc.)

Termination and Disbursement. In the event there is any termination or failure of the Offering offering pursuant to Sections 6b 4b or 6c 4c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the IssuerRegistration Statement, pay as soon as practicable to the applicable Subscriber(sInvestor(s), by certified or bank check and by first-class mail, the amount of each SubscriberInvestor’s Cash Investment without interestInvestment.

Appears in 1 contract

Samples: Escrow Agreement (GeoVax Labs, Inc.)

Termination and Disbursement. In the event there is any termination or failure of the Offering offering pursuant to Sections 6b or 6c Section 5(c) of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer, pay shall return as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mailmail to the address of such Subscriber indicated on the signature pages to the Offering Document, the amount of each Subscriber’s Cash Investment without interestshare of the Escrow Funds.

Appears in 1 contract

Samples: Escrow Agreement (Rebuild Miami-Edgewater, LLC)

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Termination and Disbursement. In the event there is any termination or failure of the Offering offering pursuant to Sections 6b 4b or 6c 4c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer, Documents pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, the amount of each Subscriber’s Cash Investment without interestshare of the Escrow Funds.

Appears in 1 contract

Samples: Escrow Agreement (Knightscope, Inc.)

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