Examples of Fundraising Period in a sentence
General Partner and the initial partner set forth in the Certificate of Limited Partnership formed the Fund as a limited partnership in accordance with the Act as the initial partners; and the parties hereto desire to continue the Fund as a limited partnership in accordance with the Act and to admit the Limited Partners as limited partners of the Fund on the Initial Closing Date and any other Limited Partner admitted during the Fundraising Period.
No additional Limited Partners may be admitted to the Fund after the end of the Fundraising Period without the prior written consent of, and the payment of any additional amounts as set forth by, General Partner.
On June 2, 2008, the Company announced that for its qualifying transaction (“QT”), it entered into an option agreement on the Otter Gold Property in Princeton, British Columbia dated May 27, 2008 and on August 18, 2008, the Company received final approval from the Exchange for the QT, the related private placements totalling $390,000 and the name change, and its common shares resumed trading under its current name and new trading symbol “FAX” commencing on August 19, 2008.
If the conditions of Fund filing are not met after the Fund-raising Period expires, the fund-raising shall be deemed a failure.
The Fund Manager shall appoint a statutory capital verification institution within 10 days after the expiry date of the Fund-raising Period to verify the capital and submit the capital verification report to the CSRC for fund filing within 10 days after its receipt.
Each Person accepted by General Partner as a Limited Partner on or between the Initial Closing Date and before the end of the Fundraising Period is admitted to the Fund as a Limited Partner upon its execution of this Agreement.
Interest accrued on Purchase Interest accrued from the valid Purchase amount during the Fund-raising Period will be converted into Units and owned by the Unitholders, which are exempted from the Purchase fee.
If the fund-raising fails, the Fund Manager should bear the liabilities and expenses arising due to the fund raising with its own property, and within 30 days after the expiry of the Fund-raising Period, return the Purchase amount that have been paid by Fund Investors plus the interest accrued at an interest rate equivalent to a bank deposit interest rate during the same period.
The date the Final Settlement Payment is deposited with the Escrow Agent is referred to as the “Fundraising Date.” The Fundraising Period may be extended by an additional thirty (30) Business Days upon request of ITCP if, within the initial 60 Business Day period following the date of execution of this Settlement Agreement, ITCP pays or causes IPC Cayman to pay to BCI an additional nonrefundable deposit of One Hundred Twenty Five Thousand US Dollars (US$125,000) (the “Extension Cash Deposit Amount”).
Handling of the funds raised during the Fund-raising Period when the Fund Contract does not take effect 1.