Common use of Closing Requirements Clause in Contracts

Closing Requirements. The issue and sale of the Units and the release of the funds from the Escrow Account to the Fund(s) shall be subject to the accuracy on and as of the Closing Date of, and compliance on each Closing Date with, the representations and warranties of the General Partner and the Selling Agent herein and the performance by the Fund(s), the General Partner and the Selling Agent of their obligations hereunder. The General Partner may terminate this Agreement at any time, in its discretion. In the event of any such termination, all subscriptions received from prospective investors of the Fund(s), but not yet accepted by the Fund shall promptly be returned to them as provided in the Prospectus.

Appears in 5 contracts

Samples: Public Fund Selling Agreement (Campbell Strategic Allocation Fund Lp), Public Fund Selling Agreement (Campbell Strategic Allocation Fund Lp), Public Fund Selling Agreement (Campbell Global Trend Fund, L.P.)

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