Rejected Subscriptions Sample Clauses
Rejected Subscriptions. In the event the Escrow Agent receives written notice from the Company or the Selling Agent that the Company or Selling Agent has rejected a Subscriber’s subscription, the Escrow Agent shall pay to the applicable Subscriber, within 10 business days after receiving notice of the rejection, by first class United States mail at the address appearing on the List of Subscribers or at such other address or fed wire instructions as are furnished to the Escrow Agent by the Subscriber in writing, all collected sums paid by the Subscriber for Shares and received by the Escrow Agent, together with any interest earned thereon.
Rejected Subscriptions. No later than five (5) business days after receipt by Escrow Agent of written notice from Company or Dealer Manager that Company intends to reject a potential investor's subscription, Escrow Agent shall pay, by certified or bank check and by first-class mail, the amount of the Subscription Payment paid by such potential investor (together with all earnings thereon) or Escrow Agent shall return the instruments of payment delivered to Escrow Agent with respect to any Subscription Payment if such instruments have not been processed for collection prior to such time directly to such potential investor.
Rejected Subscriptions. From time to time, upon instructions from ----------------------- the Managing Member identifying those subscribers whose subscriptions have been rejected, the Escrow Agent shall return such funds to the subscribers so identified with such interest as has been credited to them pursuant to Section 5 hereof. If the Managing Member rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check to the rejected subscriber. If the Managing Member rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's check for collection, the Escrow Agent shall promptly issue a check in the amount of the subscriber's check to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's check for collection, the Escrow Agent shall promptly remit the subscriber's check directly to the subscriber.
Rejected Subscriptions. The Company shall notify the Escrow Agent in writing of any Subscription Agreement rejected by the Company. The Company may reject any Subscription Agreement in whole or in part. Upon the receipt of a notice of rejection, the Escrow Agent shall return to the Subscriber signing the rejected Subscription Agreement within fifteen (15) banking days after receipt of such notice, the amount tendered therewith, (upon verification that such funds have been collected) or in the case of a partial rejection, the appropriate portion of the original deposit without interest.
Rejected Subscriptions. In the event that the Customer rejects any ----------------------- subscription for any reason, the Bank shall, upon receipt of written instructions from the Customer, return and deliver the Escrowed Funds attributable thereto, with interest, if any, and without deduction, to the Investor from whom the Escrowed Funds were received at the address provided to the Bank by the Customer . Such funds shall be returned by certified mail, return receipt requested, and the Bank may complete the return receipt to such certified mail so that such receipts are returned to the Customer.
Rejected Subscriptions. In the event the Escrow Agent receives written notice from the Company or the Dealer Manager that the Company or Dealer Manager has rejected a Subscriber’s subscription, the Escrow Agent shall pay to the applicable Subscriber, within ten (10) business days after receiving notice of the rejection, by first class United States Mail at the address appearing on the List of Subscribers, or at such other address or wire instructions as are furnished to the Escrow Agent by the Subscriber in writing, all collected sums paid by the Subscriber for Shares and received by the Escrow Agent, together with all interest earned thereon; provided the Escrow Agent shall have no obligation to return funds to any Subscriber until after it has received an executed and valid IRS Form W-9 executed by the Subscriber.
Rejected Subscriptions. From time to time, upon instructions from Telegen identifying those subscribers whose subscriptions have been rejected, the Escrow Agent shall return such funds to the subscribers so identified without interest or deduction.
Rejected Subscriptions. The Company shall notify in writing both the Lead Investor and the Escrow Agent if it elects not to accept any subscription, and in such event the Escrow Agent will return such Purchaser’s Purchaser Documents (including the Subscription Payment) to the Purchaser named therein.