Common use of Rejected Subscription Clause in Contracts

Rejected Subscription. It is understood that the Company shall have the right to refuse or reject any request to purchase Warrants by a prospective Investor ("Purchase Form"), in whole or in part, for any reason whatsoever, and to promptly direct the Escrow Agent to return all funds, without interest, received by the Escrow Agent to the applicable Investor. Additionally, in the event Purchase Forms are received to purchase more Warrants than are deposited into the Escrow Account for sale, promptly following the Closing occurring immediately before the expiration date of the Warrants, the Escrow Agent shall return all funds deposited into the Escrow Account with respect to such Purchase Forms that are not accepted in whole or in part to the Investor without interest.

Rejected Subscription. It is understood that the Company shall have --------------------- the right to refuse or reject any request to purchase Warrants by a prospective Investor ("Purchase Form"), in whole or in part, for any reason whatsoever, and to promptly direct the Escrow Agent to return all funds, without interest, received by the Escrow Agent to the applicable Investor. Additionally, in the event Purchase Forms are received to purchase more Warrants than are deposited into the Escrow Account for sale, promptly following the Closing occurring immediately before the expiration date of the Warrants, the Escrow Agent shall return all funds deposited into the Escrow Account with respect to such Purchase Forms that are not accepted in whole or in part to the Investor without interest.