Common use of Subscription Payment Procedures Clause in Contracts

Subscription Payment Procedures. In order to purchase Shares, the subscriber must complete and execute a subscription agreement substantially in the form provided as an appendix to the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as EA for Corporate Capital Trust, Inc.” and shall return any check made payable to another party to the Participating Broker or subscriber who submitted such check. Pursuant to the escrow agreement, (the “Escrow Agreement”), among the Company, the Managing Dealer, and UMB Bank, N.A. (the “Escrow Agent”), all monies received by the Company or its agents for the purchase of Shares shall be promptly transmitted to the Escrow Agent by noon of the next business day following receipt of such funds for deposit into an escrow account established by the Company with the Escrow Agent. Such escrow account shall be denominated “Escrow Account for the Benefit of Subscribers of Common Shares of Corporate Capital Trust, Inc.”

Appears in 1 contract

Sources: Managing Dealer Agreement (Corporate Capital Trust, Inc.)

Subscription Payment Procedures. In order to purchase Shares, the subscriber must complete and execute a subscription agreement in substantially in the most recent form provided thereof attached as an appendix exhibit to the registration statement encompassing the Prospectus (a “Subscription Agreement”). Checks for subscriptions shall be made payable in the amount per Share as described in the Prospectus, subject to certain discounts as set forth in the Prospectus. The Managing Dealer shall, and shall cause the Participating Brokers to, instruct subscribers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as EA for Corporate Capital Trust, Inc.” and shall return any check made payable to another party to the Participating Broker or subscriber who submitted such check. Pursuant to the escrow agreement, (the “Escrow Agreement”), among the Company, the Managing Dealer, and UMB Bank, N.A. (the “Escrow Agent”), all monies received by the Company or its agents for the purchase of Shares shall be promptly transmitted to the Escrow Agent by noon of the next business day following receipt of such funds for deposit into an escrow account established by the Company with the Escrow Agent. Such escrow account shall be denominated “Escrow Account for the Benefit of Subscribers of Common Shares of Corporate Capital Trust, Inc.”

Appears in 1 contract

Sources: Managing Dealer Agreement (Corporate Capital Trust, Inc.)