DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Company, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Company. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in the amount of the principal balance with accrued interest. Such refunds shall be made in check form.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Funds, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Funds. Such Written Instructions must be sent to the Escrow Agent by 2:00 p.m. (eastern time) on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into a Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds by wire to the Potential Investor in the amount of the principal balance without accrued interest.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Company, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the Company's account at the Company's custodian. Such Written Instructions shall be sent to the Escrow Agent by 2:00 pm. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in check form in the amount of the principal balance with accrued interest.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Company ("Interests"), or at any other time as described in the Company's subscription documents or prospectus, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Company. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in the amount of the principal balance with accrued interest. Such refunds shall be made in wire form.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of Fund shares, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Fund. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event fund transfer instructions are given (other than in writing at the time of the execution of this Agreement), whether in writing, by telecopier or otherwise, Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated to provide instructions to Escrow Agent, and Escrow Agent may rely upon the confirmations of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by Escrow Agent. Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Fund to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. Escrow Agent may apply any of escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The parties to this Agreement acknowledge that such security procedure is commercially reasonable. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Fund, upon Written Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in the amount of the principal balance without interest. Such refunds shall be made in check form.
DISTRIBUTIONS AND CLOSINGS. (a) If, prior to the end of the Initial Offering Period, as determined by the Managing Member and subject to the terms and conditions set forth in the Company's Prospectus, the Managing Member determines that the requirements for the release of the Subscription Funds from Escrow set forth in the Registration Statement for the Company have been satisfied (such requirements being hereinafter referred to as the "Minimum Class A Requirements"), then, the Managing Member shall notify the Escrow Agent that the Minimum Class A Requirements have been met and shall provide Written Instructions to the Escrow Agent directing the Escrow Agent to release the Subscription Funds to the Company. Upon its receipt of Written Instructions, the Escrow Agent will wire principal balances on deposit and any accrued interest thereon in the Account, to the account designated by the Company.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of shares in the Trust, or at any other time as described in the Trust's subscription agreement, the Escrow Agent will immediately wire principal balances on deposit in the Subscription Account to the account designated by the Trust. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Trust, upon Written Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in the amount of the Potential Investor's principal balance. Such refunds shall be made in check form.
DISTRIBUTIONS AND CLOSINGS. Upon Instructions, at each closing of each offering of interests in the Fund, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Fund. Although the Escrow Agent shall endeavor to wire such principal balances to the account designated by the Fund regardless of when Instructions are delivered, the Escrow Agent shall only be obligated to do so if Instruction are sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Fund, upon Instructions, the Escrow Agent shall promptly issue refunds to the Potential Investor in the amount of the principal balance with accrued interest. Such refunds shall be made in check form or by wire transfer to the brokerage account of the Potential Investor, as designated in such Instructions.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of each offering of interests in the Company, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Company. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds in wire form to Xxxxxxx Xxxxx Xxxxxx Inc for further credit to the Potential Investor’s brokerage account in the amount of the principal balance with accrued interest.
DISTRIBUTIONS AND CLOSINGS. Upon Written Instructions, at each closing of -------------------------- each offering of interests in the Company, the Escrow Agent will wire principal balances on deposit in the Subscription Account to the account designated by the Company. Such Written Instructions shall be sent to the Escrow Agent by 2:00 p.m. on the closing date with respect to each closing. In the event that a Potential Investor who has escrow funds in the Subscription Account is not admitted into the Company, upon Written Instructions, the Escrow Agent shall promptly issue refunds in wire form to Salomon Smith Barney Inc. for further credit to the potentiax xxxxxxxxx xxxkerage account in the amount of the principal balance with accrued interest.
