Common use of Termination of Offering or Rejection of Subscription Clause in Contracts

Termination of Offering or Rejection of Subscription. 1In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, (b) the Offering is terminated by the Manager in its sole discretion, or (c) the Company has not accepted subscriptions for the minimum amount of interests to be issued for an Offering of a particular series of the Company, as set forth in the offering circular or amendment or supplement thereto with respect to such Offering, within the time period set forth in subsection (a), the Closing shall not take place and the Company will cause the Escrow Agent to refund the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 1In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, (b) the Offering is terminated by the Manager in its sole discretion, or (c) the Company has not accepted subscriptions for the minimum amount of interests to be issued for an Offering of a particular series of the Company, as set forth in the offering circular or amendment or supplement thereto with respect to such Offering, within the time period set forth in subsection (a), the Closing shall not take place and the Company will cause the Escrow Agent to refund promptly the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 1In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, (b) the Offering is terminated by the Manager in its sole discretion, or (c) the Company has not accepted subscriptions for the minimum amount of interests to be issued for an Offering of a particular Particular series of the Company, as set forth in the offering circular or amendment or supplement thereto with respect to such Offering, within the time period set forth in subsection (a), the Closing shall not take place and the Company will cause the Escrow Agent to refund the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.