Common use of Termination of Offering Clause in Contracts

Termination of Offering. All payments will be held by the Company until the Company declares the Closing effective or terminates the Offering. The Offering will be terminated if either (i) the Closing does not become effective on or prior to March 1, 2009, which date the Company may extend, in its sole discretion, but not beyond March 31, 2009, or (ii) the Company elects to terminate the Offering. If the Offering is terminated, the Company will return any payments received, without interest, to the Subscribers.

Appears in 2 contracts

Samples: Subscription Agreement (2020 Energy, LLC), Subscription Agreement (New Generation Biofuels Holdings, Inc)

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Termination of Offering. All payments will be held by the Company until the Company declares the Closing effective or terminates the Offering. The Offering will be terminated if either (i) the Closing does not become effective on or prior to March 1April 15, 20092008, which date the Company may extend, in its sole discretion, but not beyond March 31May 15, 20092008, or (ii) the Company elects to terminate the Offering. If the Offering is terminated, the Company will return any payments received, without interest, to the Subscribers.

Appears in 1 contract

Samples: Subscription Agreement (New Generation Biofuels Holdings, Inc)

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Termination of Offering. All payments will be held by the Company until the Company declares the Closing effective or terminates the Offering. The Offering will be terminated if either (i) the Closing does not become effective on or prior to March 1February 16, 2009, which date the Company may extend, in its sole discretion, but not beyond March 31, 20092010, or (ii) the Company elects to terminate the Offering. If the Offering is terminated, the Company will return any payments received, without interest, to the Subscribers.

Appears in 1 contract

Samples: Subscription Agreement (New Generation Biofuels Holdings, Inc)

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