WINSTON Sample Clauses

WINSTON. 892462 v 2 49 The Partnership seeks by this Offering to sell a maximum of 40 Units for a maximum of an aggregate of $169,320 in cash ($166,320 net of Sales Agent Commissions). The Partnership has set no minimum number of Units to be sold in this Offering. The subscription funds, Guaranty and Loan Documents, if any, received from each Investor will be held in escrow (which, in the case of cash subscription funds, shall be held in an interest bearing escrow account with the Bank) until either the Investor's subscription is accepted by the Partnership (and approved by the Bank in the case of the Guaranties and financed purchases of Units), the Partnership rejects the subscription or the Offering is terminated. Upon the receipt and acceptance of an Investor's subscription by the Partnership (and the Bank), the Investor will be admitted to the Partnership as a Limited Partner. In connection with his admission as a Limited Partner, the Investor's subscription funds will be released from escrow to the Partnership, and his Guaranty and Loan Documents, if any, will be released to the Bank which will pay the proceeds from the Limited Partner Note to the Partnership. In the event a subscription is not accepted, all subscription funds (without interest), the Guaranty, the Loan Documents and other subscription documents held in escrow will be promptly returned to the rejected Investor. A subscription may be rejected in part, in which case a portion of the subscription funds (without interest), the Guaranty and any Limited Partner Note will be returned to the Investor.
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WINSTON. SALEM COURTYARD: Assumption Agreement dated May 16, 2008 by LaSalle Bank National Association, as Trustee for those certain ML-CFC Commercial Mortgage Trust 2007-5, Commercial Mortgage Pass-Through Certificates, Series 2007-5, Homecourt Hospitality-Winston-Salem, LLC, Apple Eight SPE Winston-Salem, Inc. and Apple Eight Services Winston-Salem, Inc., and related documents, including:
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