Common use of Establishment of Escrow Account; Escrow Period Clause in Contracts

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global REIT, Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribers, the escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”).

Appears in 3 contracts

Samples: Form of Escrow Agreement (Hines Global REIT, Inc.), Escrow Agreement (Hines Global REIT, Inc.), Form of Escrow Agreement (Hines Global REIT, Inc.)

AutoNDA by SimpleDocs

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global REIT, Industrial Property REIT Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers effective and the New York Subscribers, Company shall notify the Transfer Agent and the Escrow Agent of the effective date of the Offering Document. The escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”).

Appears in 2 contracts

Samples: Escrow Agreement (Industrial Property Reit Inc.), Escrow Agreement (Industrial Property Reit Inc.)

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering DocumentProspectus, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global REIT, Inc.” Watermark Investors Incorporated”. This Agreement shall be effective on the date on which the Offering Document Registration Statement becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribers, the escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”).

Appears in 2 contracts

Samples: Form of Escrow Agreement (Carey Watermark Investors Inc), Form of Escrow Agreement (Carey Watermark Investors Inc)

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global Core Office Income REIT, Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribers, the escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”).

Appears in 2 contracts

Samples: Form of Escrow Agreement (Wells Core Office Income Reit Inc), Form of Escrow Agreement (Wells Core Office Income Reit Inc)

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global KBS Legacy Apartment Community REIT, Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribers, the escrow period “Escrow Period” shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”)Offering.

Appears in 1 contract

Samples: Form of Escrow Agreement (KBS Legacy Apartment Community REIT, Inc.)

AutoNDA by SimpleDocs

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Xxxxx Global REITReal Estate Investment Trust III, Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribers, the escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”).

Appears in 1 contract

Samples: Form of Escrow Agreement (Wells Real Estate Investment Trust Iii Inc)

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “Nuveen Xxxxxxxxx Private Income Fund/UMB Bank, N.A.N.A. -, as Escrow Agent for Xxxxx Global REIT, Inc.Account.” ” This Agreement shall be effective on the date on which the Offering Document becomes effective. Except as otherwise set forth herein for the Pennsylvania Subscribers and the New York Subscribersherein, the escrow period “Escrow Period” shall commence upon the effectiveness of this Agreement and shall continue until the earlier of of: (ia) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the Minimum Offering, Offering and that the Company desires to break escrow; (iib) the Closing Date, ; or (iiic) the termination of the Offering by the Company prior to the receipt of the Minimum Offering (the “Escrow Period”)Offering.

Appears in 1 contract

Samples: Form of Escrow Agreement (Nuveen Churchill Private Capital Income Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.