Common use of Initial Closing Conditions Clause in Contracts

Initial Closing Conditions. The Initial Closing is conditioned upon satisfaction of all the following conditions: (i) prior to the Offering Deadline, the Company shall have received aggregate subscriptions for Units in an investment amount of at least the Target Offering Amount; and (ii) at the time of the Closing, the Company shall have received into the escrow account established with the Portal and the escrow agent in cleared funds, and is accepting, subscriptions for Units having an aggregate investment amount of at least the Target Offering Amount.

Initial Closing Conditions. The Initial Closing is conditioned upon satisfaction of all the following conditions: (i) prior to the Offering Deadline, the Company shall have received aggregate subscriptions for Units Shares in an investment amount of at least the Target Offering Amount; and (ii) at the time of the Closing, the Company shall have received cleared funds into the escrow account established with the Portal and the escrow agent in cleared fundsagent, and is accepting, subscriptions for Units Shares having an aggregate investment amount of at least the Target Offering Amount.