Common use of Distributions to Subscribers Clause in Contracts

Distributions to Subscribers. (a) In the event that the Partnership will not be funded as contemplated because less than the minimum aggregate subscriptions of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on December 31, 1999, or for any other reason, the Managing General Partner shall so notify the Escrow Agent, whereupon the Escrow Agent promptly shall distribute to each Investor a refund check made payable to such Investor in an amount equal to the Subscription Proceeds of such Investor, plus any interest paid or investment income earned thereon while held by the Escrow Agent in an escrow account as calculated by the Managing General Partner.

Distributions to Subscribers. (a) In the event that If the Partnership will is not be funded as contemplated because less than the minimum aggregate subscriptions Subscription Proceeds of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on December 31, 19992001, or for any other reason, then the Managing General Partner shall so notify the Escrow Agent, whereupon and the Escrow Agent promptly shall distribute to each Investor a refund check made payable to such the Investor in an amount equal to the Subscription Proceeds of such the Investor, plus any interest paid or investment income earned thereon while held by the Escrow Agent in an escrow account as calculated by the Managing General Partneraccount.

Distributions to Subscribers. (a) In the event that the Partnership will not be funded as contemplated because less than the minimum aggregate subscriptions of $1,000,000 have been received and accepted by the Managing General Partner by twelve p.m. (noon), local time, on December 31, 19992000, or for any other reason, the Managing General Partner shall so notify the Escrow Agent, whereupon the Escrow Agent promptly shall distribute to each Investor a refund check made payable to such Investor in an amount equal to the Subscription Proceeds of such Investor, plus any interest paid or investment income earned thereon while held by the Escrow Agent in an escrow account as calculated by the Managing General Partner.