Acceptance Standards and Procedures Clause Samples
Acceptance Standards and Procedures. The Fund will not consider any proposed subscription by a Suitable Investor or a Selling Agent Investor (as appropriate) until its or his subscription documents have been completed, signed and delivered. After receipt of the subscription documents, the Fund will determine whether it wishes to accept the offered subscription. The date on which an investor is accepted in to the Fund as a limited partner being the “Investment Date.” Subscriptions for Interests will be accepted only from subscribers that meet the investor suitability standards set forth in the Memorandum. The minimum initial required purchase by any subscriber shall be $25,000 for Class A Interests and Class B, and $1,500,000 for Institutional Interests unless the Suitable Investor otherwise meets the criteria set forth in the Memorandum, plus any applicable selling commission. If there is a conflict regarding a Suitable Investor due to a prior solicitation by another selling agent, the General Partner shall promptly notify the Selling Agent and use reasonable business efforts to reconcile the conflict. The General Partner shall determine in its sole but reasonable discretion whether the Selling Agent’s efforts resulted in the investment into the Fund being made and therefore whether a prospective or existing limited partner is a Selling Agent Investor pursuant to this Agreement, or is attributable to a selling agent other than the Selling Agent.
Acceptance Standards and Procedures. The Companies will not consider any proposed subscription until all Subscription Documents have been completed, signed and delivered. After receipt of all required Subscription Documents with respect to an Investor, the Companies will determine whether they wish to accept the offered subscription. No subscriptions shall be effective unless and until accepted by the Companies. Subscriptions for Shares will be accepted only from subscribers who meet the investor suitability standards set forth in the Memorandum. The minimum required purchase by any Investor shall be 2,000 Shares per Company (20,000 in the aggregate), subject to the right of the Companies in their sole discretion to allow investment in a lesser amount. The Companies reserve the right to reject any subscriptions and to allocate subscriptions received in the event the Shares are oversubscribed.
Acceptance Standards and Procedures. The Company will not consider any proposed subscription until all of a prospective Investor's Subscription Documents have been completed, signed and delivered. After receipt of all required Subscription Documents with respect to an Investor, the Company will determine whether they wish to accept the offered subscription. No subscriptions shall be effective unless and until accepted by the Company. Subscriptions for Preferred Shares will be accepted only from subscribers who meet the investor suitability standards set forth in the Memorandum and the Subscription Documents. The minimum required purchase by any Investor shall be 10,000 Preferred Shares, subject to the right of the Company in its sole discretion to allow investment in a lesser amount. The Company reserves the right to reject any subscriptions and to allocate subscriptions received in the event the Preferred Shares are oversubscribed.
Acceptance Standards and Procedures. The Company will not consider any proposed subscription until all of a prospective Investor's Subscription Documents have been completed, signed and delivered. After receipt of all required Subscription Documents with respect to an Investor, the Company will determine whether or not to accept the offered subscription. No subscriptions shall be effective unless and until accepted by the Company. Subscriptions for Common Stock will be accepted only from subscribers who meet the investor suitability standards set forth in the Memorandum and the Subscription Documents. The minimum required purchase by any Investor shall be 80,000 Common Stock, subject to the right of the Company in its sole discretion to allow investment in a lesser amount. The Company reserves the right to reject any subscriptions and to allocate subscriptions received in the event the shares of Common Stock are oversubscribed.