Common use of Termination of Offering or Rejection of Subscription Clause in Contracts

Termination of Offering or Rejection of Subscription. 3.1In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will cause the Escrow Agent to refund the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In 3.1. In the event that (a) the Company does not effect the a Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six (6) months by the Manager Company in its sole discretion, or (b) the Offering is terminated by the Manager Company in its sole discretion, the Company will cause its payment services provider or the Escrow Agent Agent, as applicable, to refund promptly the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In 3.1 In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will cause the Escrow Agent to refund the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In 3.1 In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will cause its payment services provider or the Escrow Agent Agent, as applicable, to refund promptly the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In 3.1. In the event that (a) the Company does not effect raise the Minimum and consummate the Closing on or before the date which is one year from commencement of the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”)Offering, which period may be extended for an additional six (6) months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will or will cause the Escrow Agent to refund promptly the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon thereon, and this Subscription Agreement shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will cause the Escrow Agent to refund the Subscription Purchase Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement Purchase Agreement/Terms of Purchase shall thereafter be of no further force or effect.

Termination of Offering or Rejection of Subscription. 3.1In 3.1. In the event that (a) the Company does not effect the Closing on or before the date which is one year from the Offering being qualified by the U.S. Securities and Exchange Commission (the “SEC”), which period may be extended for an additional six (6) months by the Manager in its sole discretion, or (b) the Offering is terminated by the Manager in its sole discretion, the Company will cause its payment services provider or the Escrow Agent Agent, as applicable, to refund promptly the Subscription Price paid by the Purchaser, without deduction, offset or interest accrued thereon and this Subscription Agreement shall thereafter be of no further force or effect.