Offering Day definition
Examples of Offering Day in a sentence
The Fund agrees that it will take all action necessary to register sufficient Shares under the 1933 Act so that there will be available for sale the number of Shares the Distributor may reasonably be expected to sell on any Offering Day, unless the Fund otherwise notifies the Distributor.
Notwithstanding any other term of this Agreement, all subscription funds received by the Agent will be returned to the subscribers if the minimum subscription is not obtained by 5:00 p.m. on the Offering Day.
Notwithstanding any other term of this Agreement, all subscription funds received by the Agent will be returned to the subscribers without interest or deduction if the Minimum Subscription is not obtained by 5:00 p.m. on the Offering Day unless the subscribers have otherwise instructed the Agent.
In such case, the $500,000 amount will be increased to the actual amount raised through Offering Day 10 at the applicable cut-off time, up to the Maximum Offering Amount.