Common use of Withdrawal Period Clause in Contracts

Withdrawal Period. Once (i) we receive sufficient non-binding commitments to fully subscribe the Project and (ii) all of the financing conditions have been satisfied (other than the completion of the title search and obtaining valid title insurance), we will notify (by email and through a notice on the Project Summary) you that you have 48 hours to withdraw your funds (the “Withdrawal Period”). Funds may be withdrawn prior to the expiration of the Withdrawal Period by accessing your “Investor Dashboard” and selecting “request withdrawal”. Funds not withdrawn before the expiration of the 48-hour Withdrawal Period will automatically convert into binding and irrevocable commitments to purchase the LROs relating to the corresponding Project and cannot be withdrawn or committed to purchase additional LROs. Commitments to purchase LROs made after expiration of the Withdrawal Period, if any, are irrevocable when authorized and may not be withdrawn. The Closing. After the expiration of the Withdrawal Period (and once the offering is fully subscribed with irrevocable funding commitments), we will work with licensed professionals to close the Loan and immediately fund the Loan by transferring to an account maintained at at a banking institution (currently Wxxxx Fargo) titled in Groundfloor’s name “for the benefit of” GRE Developers funds debited from investors’ funding accounts for such purposes (less any fees and expenses included in the Loan Principal) and issue the corresponding series of LROs to investors. LROs are issued electronically, in “book entry” form, by means of registration of each registered visitor’s ownership in our records. The closing and funding of the Loan is expected to occur within five business days of the end of the Offering Period or on such earlier date as the offering of that series of LROs is fully subscribed with irrevocable funding commitments. You will be notified within two business days (by email and through a notice on the Project Summary) when the Loan has been funded and the LROs have been issued. You may also access this information on your “Investor Dashboard.” The email notice will include confirmation of the original issue date, final payment date and extended payment date for such series of LROs (as well as information on how to access the final version of the LRO Agreement through the Platform), an active hyperlink to the URL where the final Offering Statement (which includes the final Offering Circular) may be obtained via EXXXX, and the contact information where a request for a copy of the final Offering Circular can be sent. If the offering of a series of LROs is terminated before, or not fully subscribed with irrevocable funding commitments by, the end of the Offering Period, we will notify you and promptly return funds to your funding accounts. These funds are free to use and may be transferred back to your bank account at any time.

Withdrawal Period. Once (i) we receive sufficient non-binding commitments orders to fully subscribe the Project and (ii) all of the financing conditions have been satisfied (other than the completion of the title search and obtaining valid title insurance), we will notify (by email and through a notice on the Project Summary) you that you have 48 hours to withdraw your funds (the “Withdrawal Period”). Funds may be withdrawn prior to the expiration of the Withdrawal Period by accessing your “Investor Dashboard” and selecting “request withdrawal”. Funds not withdrawn before the expiration of the 48-hour Withdrawal Period will automatically convert into binding and irrevocable commitments to purchase the LROs relating to the corresponding Project and cannot be withdrawn or committed to purchase additional LROs. Commitments to purchase LROs made after expiration of the Withdrawal Period, if any, are irrevocable when authorized and may not be withdrawn. The Closing. After the expiration of the Withdrawal Period (and once the offering is fully subscribed with irrevocable funding commitments), we will work with licensed professionals to close the Loan and immediately fund the Loan by transferring to an account maintained at at a banking institution (currently Wxxxx Fargo) titled in Groundfloor’s name “for the benefit of” GRE Developers funds debited from investors’ funding accounts for such purposes (less any fees and expenses included in the Loan Principal) and issue the corresponding series of LROs to investors. LROs are issued electronically, in “book entry” form, by means of registration of each registered visitor’s ownership in our records. The closing and funding of the Loan is expected to occur within five business days of the end of the Offering Period or on such earlier date as the offering of that series of LROs is fully subscribed with irrevocable funding commitments. You will be notified within two business days (by email and through a notice on the Project Summary) when the Loan has been funded and the LROs have been issued. You may also access this information on your “Investor Dashboard.” The email notice will include confirmation of the original issue date, final payment date and extended payment date for such series of LROs uniform resource locator (as well as information on how to access the final version of the LRO Agreement through the Platform), an active hyperlink to the URL URL) where the final Offering Statement (which includes the final Offering Circular) Circular may be obtained via from EXXXX, and the contact information where a request for a copy of the final Offering Circular can be sentSEC’s electronic data filing system. If the offering of a series of LROs is terminated before, or not fully subscribed with irrevocable funding commitments by, the end of the Offering Period, we will notify you and promptly return funds to your funding accounts. These funds are free to use and may be transferred back to your bank account at any time.

Withdrawal Period. Once (i) we receive sufficient non-binding commitments orders to fully subscribe the Project and (ii) all of the financing conditions have been satisfied (other than the completion of the title search and obtaining valid title insurance), we will notify (by email and through a notice on the Project Summary) you that you have 48 hours to withdraw your funds (the “Withdrawal Period”). Funds may be withdrawn prior to the expiration of the Withdrawal Period by accessing your “Investor Dashboard” and selecting “request withdrawal”. Funds not withdrawn before the expiration of the 48-hour Withdrawal Period will automatically convert into binding and irrevocable commitments to purchase the LROs relating to the corresponding Project and cannot be withdrawn or committed to purchase additional LROs. Commitments to purchase LROs made after expiration of the Withdrawal Period, if any, are irrevocable when authorized and may not be withdrawn. The Closing. After the expiration of the Withdrawal Period (and once the offering is fully subscribed with irrevocable funding commitments), we will work with licensed professionals to close the Loan and immediately fund the Loan by transferring to an account maintained at at a banking institution (currently Wxxxx Fargo) titled in Groundfloor’s name “for the benefit of” GRE Developers funds debited from investors’ funding accounts for such purposes (less any fees and expenses included in the Loan Principal) and issue the corresponding series of LROs to investors. LROs are issued electronically, in “book entry” form, by means of registration of each registered visitor’s ownership in our records. The closing and funding of the Loan is expected to occur within five business days of the end of the Offering Period or on such earlier date as the offering of that series of LROs is fully subscribed with irrevocable funding commitments. You will be notified within two business days (by email and through a notice on the Project Summary) when the Loan has been funded and the LROs have been issued. You may also access this information on your “Investor Dashboard.” The email notice will include confirmation of the original issue date, final payment date and extended payment date for such series of LROs (as well as information on how to access the final version of the LRO Agreement through the Platform), an active hyperlink to the URL where the final Offering Statement (which includes the final Offering Circular) may be obtained via EXXXX, EXXXX and the contact information where a request for a copy of the final Offering Circular can be sent. If the offering of a series of LROs is terminated before, or not fully subscribed with irrevocable funding commitments by, the end of the Offering Period, we will notify you and promptly return funds to your funding accounts. These funds are free to use and may be transferred back to your bank account at any time.

Withdrawal Period. Once (i) we receive sufficient non-binding commitments to fully subscribe the Project Loan and (ii) all of the financing conditions have been satisfied (other than the completion of the title search and obtaining valid title insurance), we will notify (by email and through a notice on the Project Summary) you those investors who have completed non-binding commitments for the Project that you they have 48 hours to withdraw your their funds (the “Withdrawal Period”). Funds Commitments may be withdrawn prior to the expiration of the Withdrawal Period by accessing your “the Investor Dashboard” Dashboard and selecting “request withdrawal”. Funds .” Commitments not withdrawn before the expiration of the 48-hour Withdrawal Period will automatically convert into binding and irrevocable commitments to purchase the LROs relating to the corresponding Project and cannot be withdrawn or committed to purchase additional LROs. Commitments to purchase LROs made after expiration of the Withdrawal Period, if any, are irrevocable when authorized and may not be withdrawn. The ClosingAll funds that are irrevocably committed to purchase LROs are immediately segregated from those held in the Groundfloor Accounts by transferring them into the GRE 1 Investor FBO Account. After GRE 1 will hold these funds in the GRE 1 Investor FBO Account until issuance of the LROs. Issuance of LROs. GRE 1 will issue the corresponding series of LROs as soon as possible (typically within five days) after the expiration of the Withdrawal Period (and once the offering is fully subscribed with irrevocable funding commitments), we will work with licensed professionals to close the Loan and immediately fund the Loan by transferring to an account maintained at at a banking institution (currently Wxxxx Fargo) titled in Groundfloor’s name “for the benefit of” GRE Developers funds debited from investors’ funding accounts for such purposes (less any fees and expenses included in the Loan Principal) and issue the corresponding series of LROs to investors. LROs are issued electronically, in “book entry” form, by means of registration of each registered visitorinvestor’s ownership in our records. The Unless previously advanced, the closing and funding of the Loan is expected to will occur within five business days on the original issue date of the end of the Offering Period or on such earlier date as the offering of that series of LROs is fully subscribed with irrevocable funding commitmentsLROs. You will be notified within two business days (by email and through a notice on the Project Summary) when the Loan has been funded and the LROs have been issued. You may also access this information on your “Investor Dashboard.” The email notice will include confirmation of the original issue date, final payment date date, and extended payment date for such series of LROs (as well as information on how to access the final version of the LRO Agreement through the Groundfloor Platform), an active hyperlink to the URL uniform resource locator (URL) where the final Offering Statement (which includes the final Offering Circular, including any supplements or PQAs) may be obtained via EXXXX, and the contact information where a request for a copy of the final Offering Circular (including any supplements or PQAs) can be sent. If the offering of a series of LROs is terminated before, or not fully subscribed with irrevocable funding commitments by, the end of the Offering Period, we will notify you and promptly return funds to (You may also access this information on your funding accounts. These funds are free to use and may be transferred back to your bank account at any timeInvestor Dashboard.)

Withdrawal Period. Once (i) we receive sufficient non-binding commitments to fully subscribe the Project Loan and (ii) all of the financing conditions have been satisfied (other than the completion of the title search and obtaining valid title insurance), we will notify (by email and through a notice on the Project Summary) you those investors who have completed non-binding commitments for the Project that you they have 48 hours to withdraw your their funds (the “Withdrawal Period”). Funds Commitments may be withdrawn prior to the expiration of the Withdrawal Period by accessing your “the Investor Dashboard” Dashboard and selecting “request withdrawal”. Funds .” Commitments not withdrawn before the expiration of the 48-hour Withdrawal Period will automatically convert into binding and irrevocable commitments to purchase the LROs relating to the corresponding Project and cannot be withdrawn or committed to purchase additional LROs. Commitments to purchase LROs made after expiration of the Withdrawal Period, if any, are irrevocable when authorized and may not be withdrawn. The ClosingIssuance of LROs. After We will issue the corresponding series of LROs as soon as possible (typically within five days) after the expiration of the Withdrawal Period (and once the offering is fully subscribed with irrevocable funding commitments), we will work with licensed professionals to close the Loan and immediately fund the Loan by transferring to an account maintained at at a banking institution (currently Wxxxx Fargo) titled in Groundfloor’s name “for the benefit of” GRE Developers funds debited from investors’ funding accounts for such purposes (less any fees and expenses included in the Loan Principal) and issue the corresponding series of LROs to investors. LROs are issued electronically, in “book entry” form, by means of registration of each registered visitorinvestor’s ownership in our records. The Unless previously advanced, the closing and funding of the Loan is expected to will occur within five business days on the original issue date of the end of the Offering Period or on such earlier date as the offering of that series of LROs is fully subscribed with irrevocable funding commitmentsLROs. You will be notified within two business days (by email and through a notice on the Project Summary) when the Loan has been funded and the LROs have been issued. You may also access this information on your “Investor Dashboard.” The email notice will include confirmation of the original issue date, final payment date date, and extended payment date for such series of LROs (as well as information on how to access the final version of the LRO Agreement through the Groundfloor Platform), an active hyperlink to the URL uniform resource locator (URL) where the final Offering Statement (which includes the final Offering Circular, including any supplements or PQAs) may be obtained via EXXXX, and the contact information where a request for a copy of the final Offering Circular (including any supplements or PQAs) can be sent. If the offering of a series of LROs is terminated before, or not fully subscribed with irrevocable funding commitments by, the end of the Offering Period, we will notify you and promptly return funds to (You may also access this information on your funding accounts. These funds are free to use and may be transferred back to your bank account at any timeInvestor Dashboard.)