Common use of Transmittal Procedures Clause in Contracts

Transmittal Procedures. The Dealer Manager and each Dealer shall transmit received investor funds in accordance with the following procedures. For purposes of the following, the term “Dealer” shall include the Dealers and the Dealer Manager when the Dealer Manager procures subscriptions from investors. For purposes of the following, the Minimum Offering shall have been achieved upon receipt by the Dealer Manager of notice from the Company that the Company’s Minimum Offering proceeds of $2,000,000 have been received and accepted by the Company.

Appears in 5 contracts

Samples: Dealer Manager Agreement (Resource Innovation Office REIT, Inc.), Dealer Manager Agreement (Resource Innovation Office REIT, Inc.), Dealer Manager Agreement (Resource Innovation Office REIT, Inc.)

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Transmittal Procedures. The Dealer Manager and each Dealer shall transmit received investor funds in accordance with the following procedures. For purposes of the following, the term “Dealer” shall include the Dealers and the Dealer Manager when the Dealer Manager procures subscriptions from investors. For purposes of the following, the Minimum Offering shall have been achieved upon receipt by the Dealer Manager of notice from the Company that the Company’s Minimum Offering proceeds of $2,000,000 have been received and accepted by the Company.

Appears in 1 contract

Samples: Dealer Manager Agreement (Resource Income Opportunity REIT, Inc.)

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