Subscription Payment definition
Examples of Subscription Payment in a sentence
If any Subscription Payment is not paid upon presentment, or if the Sponsor is not in actual receipt of clearinghouse funds or certified check or the equivalent in payment for the DST Interests prior to the sale, the Sponsor reserves the right to cancel the sale without notice.
Upon making a Subscription Payment to BEPC Holdings, BEPC Holdings shall issue a number of BEPC Holdings Class C Shares with an aggregate fair market value equal to the cash amount of the Subscription Payment.
Subscriptions not accompanied by a Subscription Agreement and executed signature page thereto and the required Subscription Payment for the DST Interests may be rejected in the Sponsor’s sole discretion.