Termination of Public Offering. In the event that on the Minimum Subscription Termination Date, Escrow Agent is not in receipt of evidence of subscriptions accepted on or before such date, and instruments of payment dated not later than that date (or actual wired funds), for the purchase of Shares at least equal to the Minimum Subscription, Escrow Agent shall promptly notify Company and Escrow Agent shall promptly return all funds received in full to Pennsylvania investors, together with their pro rata share of any interest earned thereon, pursuant to instructions made by Company, upon which Escrow Agent may conclusively rely.
Appears in 5 contracts
Samples: Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.), Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.), Escrow Agreement (Wells Timber Real Estate Investment Trust, Inc.)
