Minimum Offering Amount definition

Minimum Offering Amount means the amount of $2,830,000 in Gross Proceeds of the Offering. "Net Cash Flow" means, with respect to any fiscal period, the excess, if any, of (i) all cash funds derived from the operations of the Fund during such period, including the yield from the Interim Investments and excess cash reserves deemed distributable by the General Partners pursuant to Section 3.3E hereof, over (ii) all cash disbursed in the operations of the Fund during such period, including cash used to pay, or establish reasonable reserves for, operating expenses, fees, commissions, debt service and loan repayments (except for repayment of advances under the Cash Flow Deficit Guaranty Agreement), improvements, repairs, replacements, contingencies and anticipated obligations, except to the extent any such payment is made out of reserves set aside for such purpose. Net Cash Flow shall not include amounts distributed or to be distributed under Section 4.2 hereof. "Net Proceeds of the Offering" means the Gross Proceeds of the Offering less the Selling Commis- sions, the Due Diligence Expense Reimbursement Fee, and the Offering and Organization Expense Fee. "Net Proceeds from a Refinancing" means the gross proceeds to the Fund of any Refinancing, less any amounts deemed necessary by the General Partners to be allocated to the establishment of reserves, the payment of any debts and liabilities of the Fund to creditors (except for repayment of the Operating Deficit Loan and the Deferred Management Fee Loans), and the payment of any reasonable expenses or costs associated with the Refinancing, including but not limited to, fees, points, or commissions paid to any unaffiliated Persons. "Net Proceeds from a Sale" means the gross proceeds to the Fund of any Sale, less any amounts deemed necessary by the General Partners to be allocated to the establishment of reserves, the payment of any debts and liabilities of the Fund to creditors (except for repayment of the Operating Deficit Loan and the Deferred Management Fee Loans), and the payment of any reasonable expenses or costs associated with the Sale, including but not limited to, fees or real estate brokerage commissions paid to any unaffiliated Persons and, subject to Sections 5.2.A(viii) and 9.2.A(vi), fees or real estate brokerage commissions paid to the General Partners or Affiliates. "Net Proceeds of sale or Refinancing" means the Net Proceeds from a Sale or Net Proceeds from a Refinancing, as the case may be. "Notification" means a writin...

Minimum Offering Amount shall have the meaning ascribed to such term in Section 2.1(b).

Minimum Offering Amount means, with respect to a crowdfunding distribution, the minimum amount disclosed in an issuer’s completed Form 45-110F1 Offering Document;

Examples of Minimum Offering Amount in a sentence

• The closing of the Offering (the “ Closing”) will occur on the earliest to occur of (i) the date subscriptions for the Maximum Offering Amount have been accepted or (ii) a date determined by the Manager in its sole discretion, provided that subscriptions for the Minimum Offering Amount have been accepted.

• The closing of the Offering (the “ Closing”) will occur on the Offering deadline listed in the Form C or, if the Manager decides otherwise, the earliest to occur of (i) the date subscriptions for the Maximum Offering Amount have been accepted or (ii) a date determined by the Manager in its sole discretion, provided that subscriptions for the Minimum Offering Amount have been accepted provided in either case the Manager provides proper notice pursuant to Reg.

• Such delays may result from the Company having to verify an Investor’s suitability and admissibility as a Noteholder, delays while the Company raises the Minimum Offering Amount, and/or delays in depositing an Investor’s contribution into the Company’s main operating account as a result of lack of availability of Loans to fund by the Company immediately upon an Investor making a contribution to the Company.

• If this subscription is rejected in whole, the Offering of Units is terminated or the Minimum Offering Amount is not raised, all funds received from the Purchaser will be returned without interest or offset, and this Subscription Agreement shall thereafter be of no further force or effect.

• Subscription funds placed in the segregated Company account may only be released if the Minimum Offering Amount is raised within the Offering Period.

More Definitions of Minimum Offering Amount

Minimum Offering Amount means the minimum amount disclosed in the offering document;

Minimum Offering Amount means that the Company receives and accepts a minimum offering amount of $2,000,000 (including Shares purchased by the Company’s sponsor, its affiliates and the Company’s officers and directors) in Gross Proceeds pursuant to the Initial Public Offering.

Minimum Offering Amount means an amount of funds equal to or below the target offering amount that is set by the issuer and that shall not be less than 20 percent of the target offering amount.

Minimum Offering Amount means the amount of $2,000,000 in Gross Proceeds of the Offering.

Minimum Offering Amount means the amount of $8,000,000 in Gross Proceeds of the Offering.

Minimum Offering Amount means subscription funds received from investors in the amount of $4,250,000.

Minimum Offering Amount means the minimum amount required to be raised by an issuer conducting a start-up business distribution which amount can include funds raised under either the start-up business distribution or a concurrent distribution under one or more other exemptions from the prospectus requirement;