Common use of Rejected Subscriptions Clause in Contracts

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. The Company shall notify the Escrow Agent in writing of any Subscription 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 ten (1510) 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 interestdeposit.