Common use of Terms of the Offering Clause in Contracts

Terms of the Offering. The terms of the offering must provide, and the registrant must satisfy, the following conditions: (i) within five business days after the effective date of the post-effective amendment(s), the registrant shall send by first class mail or other equally prompt means, to each purchaser of securities held in escrow or trust, a copy of the prospectus contained in the post-effective amendment and any amendment or supplement thereto; (ii) each purchaser shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post- effective amendment to notify the registrant in writing that the purchaser elects to remain an investor. If the registrant has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interests or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the purchaser within five business days; (iii) the acquisition(s) meeting the criteria set forth in paragraph (e)(1) of this section will be consummated if a sufficient number of purchasers confirm their investments; and (iv) if a consummated acquisition(s) meeting the requirements of this section has not occurred by a date 18 months after the effective date of the initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the purchaser within five business dates following that date.

Appears in 4 contracts

Samples: Escrow Agreement (Smartbuildings Com Inc), Escrow Agreement (Smartbuildings Com Inc), Escrow Agreement (Smartbuilding Com Inc)

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Terms of the Offering. The terms of the offering must provide, and the registrant must satisfy, the following conditions: : (i) within Within five business days after the effective date of the post-effective amendment(s), the registrant shall send by first class mail or other equally prompt means, to each purchaser of securities held in escrow or trust, a copy of the prospectus contained in the post-post- effective amendment and any amendment or supplement thereto; ; (ii) each Each purchaser shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post- post-effective amendment to notify the registrant in writing that the purchaser elects to remain an investor. If the registrant has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interests interest or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the purchaser within five business days; ; (iii) the The acquisition(s) meeting the criteria set forth in paragraph (e)(1) of this section will be consummated if a sufficient number of purchasers confirm their investments; and and (iv) if If a consummated acquisition(s) meeting the requirements of this section has not occurred by a date 18 months after the effective date of the initial Initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the purchaser within five business dates days following that date.

Appears in 1 contract

Samples: Escrow Agreement (Hollow Egg One Inc)

Terms of the Offering. The terms of the offering must provide, and the registrant must satisfy, the following conditions: (i) within . i. Within five business days after the effective date of the post-effective amendment(s), the registrant shall send by first class mail or other equally prompt means, to each purchaser of securities held in escrow or trust, a copy of the prospectus contained in the post-effective amendment and any amendment or supplement thereto; (; ii) each . Each purchaser shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post- post-effective amendment to notify the registrant in writing that the purchaser elects to remain an investor. If the registrant has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interests interest or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the purchaser within five business days; (; iii) the . The acquisition(s) meeting the criteria set forth in paragraph (e)(1) e)1 of this section will be consummated if a sufficient number of purchasers confirm their investments; and (and iv) if . If a consummated acquisition(s) meeting the requirements of this section has not occurred by a date 18 months after the effective date of the initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the purchaser within five business dates days following that date.

Appears in 1 contract

Samples: Escrow Agreement (Darby Acquisition Corp)

Terms of the Offering. The terms of the offering must provide, and the registrant must satisfy, the following conditions: : (i) within Within five business days after the effective date of the post-effective amendment(s), the registrant shall send by first class mail or other equally prompt means, to each purchaser of securities held in escrow or trust, a copy of the prospectus contained in the post-effective amendment and any amendment or supplement thereto; ; (ii) each Each purchaser shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post- post-effective amendment to notify the registrant in writing that the purchaser elects to remain an investor. If the registrant has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interests interest or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the purchaser within five business days; ; (iii) the acquisition(sThe acquisition (s) meeting the criteria set forth in paragraph (e)(1e) (1) of this section will be consummated if a sufficient number of purchasers confirm their investments; and and (iv) if If a consummated acquisition(s) meeting the requirements of this section has not occurred by a date 18 months after the effective date of the initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the purchaser within five business dates days following that date.

Appears in 1 contract

Samples: Escrow Agreement (Hollow Egg One Inc)

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Terms of the Offering. The terms of the offering must provide, and the registrant must satisfy, the following conditions: : (i) within Within five business days after the effective date of the post-post- effective amendment(s), the registrant shall send by first class mail or other equally prompt means, to each purchaser of securities held in escrow or trust, a copy of the prospectus contained in the post-effective amendment and any amendment or supplement thereto; ; (ii) each Each purchaser shall have no fewer than 20 business days and no more than 45 business days from the effective date of the post- effective amendment to notify the registrant in writing that the purchaser elects to remain an investor. If the registrant has not received such written notification by the 45th business day following the effective date of the post-effective amendment, funds and interests interest or dividends, if any, held in the escrow or trust account shall be sent by first class mail or other equally prompt means to the purchaser within five business days; ; (iii) the acquisition(sThe acquisition (s) meeting the criteria set forth in paragraph (e)(1e) (1) of this section will be consummated if a sufficient number of purchasers confirm their investments; and and (iv) if If a consummated acquisition(s) meeting the requirements of this section has not occurred by a date 18 months after the effective date of the initial registration statement, funds held in the escrow or trust account shall be returned by first class mail or equally prompt means to the purchaser within five business dates days following that date.

Appears in 1 contract

Samples: Escrow Agreement (Eagle Golf Corp)

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