Common use of Term of Escrow Clause in Contracts

Term of Escrow. The “Termination Date” shall be the earliest of: (i) the close of business on [_____], 2011, sixty (60) days after the date the Offering Document was declared effective by the SEC; (ii) all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. The “Termination Date” shall be the earliest of: earlier of (i) the close of business on [_____], 2011, sixty (60) days after the one year anniversary of the date the Offering Document was declared effective by the SECof this Escrow Agreement; (ii) the disbursement of all funds held in the REIT Escrow Account are distributed Accounts to the Company or to Investors pursuant to Section 3 or Section 4 for Pennsylvania Investors, and instruction from the Company has informed to the Escrow Agent in writing to close writing, directing the termination each of the REIT Escrow AccountAccounts; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and or (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. The “Termination Date” shall be the earliest of: (i) the close of business on [[ ______, 20 __ ], 2011, sixty (60) days after the one year anniversary of the date the Offering Document was declared effective by the SECSecurities and Exchange Commission; (ii) all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and the Company has informed the Escrow Agent in writing to close each of the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. The “Termination Date” shall be the earliest of: (i) the close of business on [_____]_, 201120__, sixty (60) days after the one year anniversary of the date the Offering Document was declared effective by the SECSecurities and Exchange Commission; (ii) all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and the Company has informed the Escrow Agent in writing to close each of the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days. After the Termination Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. The “Termination Date” shall be the earliest of: (ia) the close of business on [________], 20112015, sixty (60) days after the date or [__________], 2016 if the Offering Document was declared effective is extended to such date by the SECCompany; (iib) all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iiic) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (ivd) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) 20 days. After the Termination Date Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

Term of Escrow. The “Termination Date” shall be the earliest of: earlier of (i) the close of business on [_____], 2011, sixty (60) 60 days after following subscription proceeds reaching $10 Million but in no event to exceed one year from the date of this Escrow Agreement provided that the Offering Document was declared effective Company may extend this date by 60 days upon written notice to the SECEscrow Agent; provided however, that in all events this escrow shall terminate no later than the one year anniversary of the date of this Escrow Agreement; (ii) all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and the Company has informed the Escrow Agent in writing to close the Escrow Account; (iii) the date the Escrow Agent receives written notice from the Company that it is abandoning the sale of the Securities; and (iviii) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document document and has remained in effect for at least twenty (20) daysdays or (iv) the date the Escrow Agent institutes an interpleader action. After the Termination Date the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.