Minimum Offering Amount definition

Minimum Offering Amount shall have the meaning ascribed to such term in Section 2.1(b).

Minimum Offering Amount means the amount of $2,830,000 in Gross Proceeds of the Offering. "Net Cash Flow" means, with respect to any fiscal period, the excess, if any, of (i) all cash funds derived from the operations of the Fund during such period, including the yield from the Interim Investments and excess cash reserves deemed distributable by the General Partners pursuant to Section 3.3E hereof, over (ii) all cash disbursed in the operations of the Fund during such period, including cash used to pay, or establish reasonable reserves for, operating expenses, fees, commissions, debt service and loan repayments (except for repayment of advances under the Cash Flow Deficit Guaranty Agreement), improvements, repairs, replacements, contingencies and anticipated obligations, except to the extent any such payment is made out of reserves set aside for such purpose. Net Cash Flow shall not include amounts distributed or to be distributed under Section 4.2 hereof. "Net Proceeds of the Offering" means the Gross Proceeds of the Offering less the Selling Commis- sions, the Due Diligence Expense Reimbursement Fee, and the Offering and Organization Expense Fee. "Net Proceeds from a Refinancing" means the gross proceeds to the Fund of any Refinancing, less any amounts deemed necessary by the General Partners to be allocated to the establishment of reserves, the payment of any debts and liabilities of the Fund to creditors (except for repayment of the Operating Deficit Loan and the Deferred Management Fee Loans), and the payment of any reasonable expenses or costs associated with the Refinancing, including but not limited to, fees, points, or commissions paid to any unaffiliated Persons. "Net Proceeds from a Sale" means the gross proceeds to the Fund of any Sale, less any amounts deemed necessary by the General Partners to be allocated to the establishment of reserves, the payment of any debts and liabilities of the Fund to creditors (except for repayment of the Operating Deficit Loan and the Deferred Management Fee Loans), and the payment of any reasonable expenses or costs associated with the Sale, including but not limited to, fees or real estate brokerage commissions paid to any unaffiliated Persons and, subject to Sections 5.2.A(viii) and 9.2.A(vi), fees or real estate brokerage commissions paid to the General Partners or Affiliates. "Net Proceeds of sale or Refinancing" means the Net Proceeds from a Sale or Net Proceeds from a Refinancing, as the case may be. "Notification" means a writin...

Minimum Offering Amount means the minimum amount disclosed in the offering document;

Examples of Minimum Offering Amount in a sentence

• If this subscription is rejected in whole, the Offering of Units is terminated or the Minimum Offering Amount is not raised, all funds received from the Purchaser will be returned without interest or offset, and this Subscription Agreement shall thereafter be of no further force or effect.

• Pending receipt of the Minimum Offering Amount, and subject to Section 6, the Dealer-Manager and the General Partner shall deposit the Subscription Proceeds of each Subscriber to whom they sell Units with the Escrow Agent and shall deliver to the Escrow Agent a copy of the Subscription Agreement.

• Subscription funds placed in the segregated Company account may only be released if the Minimum Offering Amount is raised within the Offering Period.

• Prior to the Company receiving committed purchases equal to or exceeding the Minimum Offering Amount, the Company shall cause the Escrow Agent to maintain all such funds for Purchaser’s benefit in a segregated non-interest-bearing account until the earliest to occur of: (x) the Closing, (y) the rejection of this Agreement (in accordance with Section 1.4 hereof) or (z) the termination of the Offering by the Company in its sole discretion.

• Until the Minimum Offering Amount has been accepted by the Issuer, subscribers to the Offering shall deposit the funds for their respective subscriptions in the Subscription Proceeds Escrow (as defined below).

More Definitions of Minimum Offering Amount

Minimum Offering Amount means, with respect to a crowdfunding distribution, the minimum amount disclosed in an issuer’s completed Form 45-110F1 Offering Document;

Minimum Offering Amount means that the Company receives and accepts a minimum offering amount of $2,000,000 (including Shares purchased by the Company’s sponsor, its affiliates and the Company’s officers and directors) in Gross Proceeds pursuant to the Initial Public Offering.

Minimum Offering Amount means an amount of funds equal to or below the target offering amount that is set by the issuer and that shall not be less than 20 percent of the target offering amount.

Minimum Offering Amount means the amount of $2,000,000 in Gross Proceeds of the Offering.

Minimum Offering Amount means the amount of $8,000,000 in Gross Proceeds of the Offering.

Minimum Offering Amount means subscription funds received from investors in the amount of $4,250,000.

Minimum Offering Amount has the meaning set forth in the Recitals.