Term of Escrow. Unless otherwise provided in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the date that (a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions from the Company or (c) the Escrow Agent receives written notice from the Company or the Dealer Manager that the Company terminated the Offering. After the termination of this Escrow Agreement, the Company and the Dealer Manager shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers.
Appears in 9 contracts
Samples: Escrow Agreement (Moody National REIT II, Inc.), Escrow Agreement (Steadfast Apartment REIT, Inc.), Escrow Agreement (Moody National REIT II, Inc.)
Term of Escrow. Unless otherwise provided in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the earliest of the date that (a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions from the Company or (c) the Escrow Agent receives written notice from the Company or the Dealer Manager that the Company terminated the OfferingOffering and any funds held in the Escrow Account are distributed in accordance with this Escrow Agreement. After the termination of this Escrow Agreement, the Company and the Dealer Manager shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers.
Appears in 6 contracts
Samples: Escrow Agreement (Blackstone Real Estate Income Trust, Inc.), Escrow Agreement (Blackstone Real Estate Income Trust, Inc.), Escrow Agreement (EQT Exeter Real Estate Income Trust, Inc.)
Term of Escrow. Unless otherwise provided in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the date that (a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions from the Company Company, or (c) the Escrow Agent receives written notice from the Company or the Dealer Manager Selling Agent that the Company terminated the Offering. After the termination of this Escrow Agreement, the Company and the Dealer Manager Selling Agent shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers.
Appears in 3 contracts
Samples: Escrow Agreement (MVP REIT II, Inc.), Escrow Agreement (MVP REIT II, Inc.), Escrow Agreement (MVP REIT II, Inc.)
Term of Escrow. Unless otherwise provided in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the date that (a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions from the Company Company, or (c) the Escrow Agent receives written notice from the Company or the Dealer Manager Selling Agent that the Company terminated the Offering. After the termination of this Escrow Agreement, the Company and each Selling Agent, pursuant to its Selling Agreement with the Dealer Manager Company, shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers.
Appears in 1 contract
Samples: Escrow Agreement (MVP REIT II, Inc.)
