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, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Terra Income Fund 6, Inc.” This Agreement shall be effective on the date on which the Registration Statement becomes effective. Except as otherwise set forth herein for the Pennsylvania 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 (Terra Income Fund 6, Inc.), Form of Escrow Agreement (Terra Income Fund 6, Inc.)

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Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the Offeringoffering of Shares pursuant to the Prospectus, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Terra Income Fund 6Green Realty Trust, Inc.”. This Agreement shall be effective on the date on which the Registration Statement becomes effective. Except as otherwise set forth herein for the Pennsylvania 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: Escrow Agreement (Green Realty Trust, Inc.), Form of Escrow Agreement (Green Realty Trust, Inc.)

Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the Offering, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Terra Secured Income Fund 6Trust, Inc.” This Agreement shall be effective on the date on which the Registration Statement becomes effective. Except as otherwise set forth herein for the Pennsylvania 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 (Terra Secured Income Trust, Inc.)

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Establishment of Escrow Account; Escrow Period. On or prior to the commencement of the Offering, the Company shall establish the Escrow Account with the Escrow Agent, which shall be entitled “UMB Bank, N.A., as Escrow Agent for Terra Fixed Income Fund 6Trust, Inc.” This Agreement shall be effective on the date on which the Registration Statement becomes effective. Except as otherwise set forth herein for the Pennsylvania 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 (Terra Fixed Income Trust, Inc.)

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