Common use of Initial Subscriptions Clause in Contracts

Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-bearing account in a bank or savings and loan association, or invested in short term highly liquid investments as provided in Section 1.05, and if not more than $1,250,000 is subscribed and contributed on or before six months after the public offering commences, the Partnership will not be formed and each subscriber will promptly receive his or her original investment together with interest actually earned thereon.

Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-bearing account in a bank or savings and loan association, association or invested in short term highly liquid investments as provided in Section 1.05, and if not more than $1,250,000 is subscribed and contributed on or before six months after the public offering commences, the Partnership will not be formed accept any subscription and each subscriber will promptly receive his or her original investment together with interest actually earned thereon.

Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-bearing account in a bank or savings and loan association, or invested in short short-term highly liquid investments as provided in Section 1.05, and if not more than $1,250,000 is subscribed and contributed on or before six months after the public offering commences, the Partnership will not be formed accept any subscription and each subscriber will promptly receive his or her original investment together with interest actually earned thereon.

Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-bearing account in a bank or savings and loan association, or invested in short term highly liquid investments as provided in Section 1.05bank, and if not more than One Million Three Hundred Thousand Dollars ($1,250,000 1,300,000) is subscribed and contributed on or before six months after the public offering commences, the Partnership will not be formed and each subscriber will promptly receive his his, her or her its original investment together with interest actually earned thereon.

Initial Subscriptions. All funds of initial subscribers will be placed in a separate interest-interest bearing account in a bank or savings and loan association, or invested in short term highly liquid investments as provided in Section 1.05bank, and if not more than One Million Three Hundred Thousand Dollars ($1,250,000 1,300,000) is subscribed and contributed on or before six months mouths after the public offering commences, the Partnership will not be formed and each subscriber will promptly receive his or her its original investment together with interest actually earned thereon.