Minimum Subscriptions. The Company shall have received binding subscriptions for at least the Minimum Offering.
Minimum Subscriptions. The aggregate of the Investors' Investment Amount shall not be less than $2,000,000.
Minimum Subscriptions. The aggregate of all Investors’ Investment Amounts delivered to the Company in accordance with this Agreement shall not be less than $7,000,000;
Minimum Subscriptions. The aggregate of all Purchasers' Investment Amounts delivered to the Escrow Agent or the Company in accordance with Section 4.11 and the Escrow Agreement shall not be less than $27.5 million.
Minimum Subscriptions. The aggregate of all Purchasers' Investment Amounts shall not be less than $3,000,000; and
Minimum Subscriptions. The Company shall have received and accepted in the Offering valid subscriptions for Preferred Shares from stockholders and Standby Purchasers aggregating not less than $5.5 million which shall not trigger the IRC 382 Limitation.
Minimum Subscriptions. At or prior to the Closing, the Company shall have sold Units in the Offering for an aggregate minimum Subscription Amount of Five Million Dollars ($5,000,000), excluding the conversion of Intercreditor Bridge Loans pursuant to the Amendment and Conversion Agreement and conversion of former Intercreditor Bridge Loans pursuant to this Agreement.
Minimum Subscriptions. The aggregate of all Purchaser investment amounts delivered to the Escrow Account in accordance with Section 5.2 shall not be less than $10,000,000 (provided, that such Purchaser shall have complied with Section 5.2).
Minimum Subscriptions. The Company shall have received binding subscriptions for at least 30 Units.
Minimum Subscriptions. The Company recently entered into an amendment to the Encore Contribution Agreement which defers the closing on the River Walk Apartments until April 30, 2016. The River Walk Apartments have the longest development timeline, and the Company can defer that closing without affecting the overall development timeline. Based upon the deferral of the River Walk closing, the Company can complete the Encore transaction and the acquisition of the other initial Pipeline Projects (i.e. Sendero Ranch, Xxxxx Station and Swiss Avenue), which will require approximately $26 million in equity from Borderplex. Accordingly, the Company has determined to close the offering based upon minimum subscriptions of $30 million at this time. As stated in Paragraph 4 below, the Company will continue to accept additional subscriptions beyond this minimum subscription amount in order to fund the eventual closing of the River Walk Apartments, as well as the Grand Mission Apartments (which were always dependent upon the Company raising additional equity in the offering, as specified in the Private Placement Memorandum).
