Examples of Subscription Funds in a sentence
Upon receipt of the Certificates, the Subscriber shall deliver the full Subscription Funds to the wire instructions provided above.
In the event that Regulatory Approval is not obtained by this date, this Agreement will terminate and be of no further force and effect and the Subscription Funds will be returned to the Purchaser without interest or deduction.
Upon doing so, the Corporation shall be entitled to retain the Subscription Funds as full payment for the Securities without any further instructions from, or notice to, the Purchaser.
Closing shall be effected through the acceptance of this Subscription by the Issuer, the delivery of the share certificates to the Subscriber and the taking up of the Subscription Funds by the Issuer.
Funds Raised (3) minus Amount required to maintain Cash Reserve Minimum (6) which will be applied to principal reduction on outstanding loan balance(s)* as set forth in the Loan Agreement: *In the event there is no outstanding principal balance drawn under the subject Confirmed Guidance Line of Credit at the time the Pledge Account Deposit Certificate is submitted, all Subscription Funds raised will be placed in the non-pledged account with Lender.