Common use of Right to Reject Orders or Cancel Sales Clause in Contracts

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment for the Primary Shares may be rejected. Issuance and delivery of the Primary Shares will be made only after actual receipt of payment therefor. If any instrument of payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Shares within 15 days of an order, the Company reserves the right to cancel the order without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Dealer.

Appears in 9 contracts

Samples: Participating Dealer Agreement (Green Realty Trust, Inc.), Participating Dealer Agreement (Moody National REIT I, Inc.), Dealer Manager Agreement (Moody National REIT I, Inc.)

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Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyCorporation, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company Corporation reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Selected Dealer.

Appears in 9 contracts

Samples: Selected Dealer Agreement (First Capital Investment Corp), Dealer Manager Agreement (Freedom Capital Corp/Md), Selected Dealer Agreement (Freedom Capital Corp/Md)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or to the Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Dealer.

Appears in 7 contracts

Samples: Dealer Agreement (TP Flexible Income Fund, Inc.), Participating Dealer Agreement (Triton Pacific Investment Corporation, Inc.), Participating Dealer Agreement (Triton Pacific Investment Corporation, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Selected Dealer.

Appears in 5 contracts

Samples: Selected Dealer Agreement (Keating Capital Inc), Selected Dealer Agreement (Keating Capital Inc), Selected Dealer Agreement (Chanticleer Dividend Fund, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment in payment for the Primary Shares may be rejected. Issuance and delivery of the Primary Shares will be made only after actual receipt of payment therefor. If any instrument of payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Fee due and otherwise payable to Participating Dealer.

Appears in 5 contracts

Samples: Dealer Manager Agreement (Paladin Realty Income Properties Inc), Participating Dealer Agreement (Paladin Realty Income Properties Inc), Participating Dealer Agreement (Paladin Realty Income Properties Inc)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyFund, which reserves the right to reject any order order, in whole or in part, for any reason or no reasonreason at all. Orders not accompanied by a Subscription Agreement and Agreement, an executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 seven (7) days of an ordersale, the Company Fund reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within thirty (30) days thereafter any commission or Dealer Manager Fee Concession theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission or Dealer ManagerManager Concession, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Concessions due and otherwise payable to Participating Selected Dealer.

Appears in 4 contracts

Samples: Selected Dealer Agreement (FS Global Credit Opportunities Fund - ADV), Selected Dealer Agreement (FS Global Credit Opportunities Fund - ADV), Selected Dealer Agreement (FS Global Credit Opportunities Fund - ADV)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission Upfront Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission Upfront Selling Commission or Dealer ManagerManager Fee, the Dealer Manager shall have the right to offset amounts owed against future commissions or Upfront Selling Commissions, Dealer Manager Fees or Stockholder Servicing Fees due and otherwise payable to Participating Selected Dealer.

Appears in 4 contracts

Samples: Selected Dealer Agreement (FS Credit Real Estate Income Trust, Inc.), Dealer Manager Agreement (FS Credit Real Estate Income Trust, Inc.), Selected Dealer Agreement (FS Credit Real Estate Income Trust, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Selected Dealer.

Appears in 4 contracts

Samples: Selected Dealer Agreement (VII Peaks Co-Optivist Income BDC II, Inc.), Selected Dealer Agreement (VII Peaks-KBR Co-Optivist Income BDC II, Inc.), Selected Dealer Agreement (VII Peaks-KBR Co-Optivist Income BDC II, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyFund, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement an Investor Application and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 fifteen (15) days of an ordersale, the Company Fund reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Broker-Dealer agrees to return to the Dealer Manager within thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission theretofore paid with respect to such order, and, if Participating Broker-Dealer fails to so return any such commission or Dealer ManagerSelling Commission, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions due and otherwise payable to Participating Broker-Dealer.

Appears in 3 contracts

Samples: Advisor Agreement (Eagle Point Enhanced Income Trust), Dealer Agreement (Eagle Point Institutional Income Fund), Dealer Manager Agreement (Eagle Point Institutional Income Fund)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Shares may be rejected. Issuance and delivery of the Primary Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Dealer.

Appears in 3 contracts

Samples: Participating Dealer Agreement (Paladin Realty Income Properties Inc), Participating Dealer Agreement (Paladin Realty Income Properties Inc), Participating Dealer Agreement (Paladin Realty Income Properties Inc)

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Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyCorporation, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Corporation is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 fifteen (15) days of an ordersale, the Company Corporation reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Broker-Dealer agrees to return to the Dealer Manager within thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission and any Additional Selling Commissions theretofore paid with respect to such order, and, if Participating Broker-Dealer fails to so return any such commission Selling Commission or Dealer ManagerAdditional Selling Commissions, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions and Additional Selling Commissions due and otherwise payable to Participating Broker-Dealer.

Appears in 3 contracts

Samples: Dealer Agreement (Owl Rock Capital Corp II), Broker Dealer Agreement (Owl Rock Capital Corp II), Dealer Agreement (Owl Rock Capital Corp II)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyFund, which reserves the right to reject any order order, in whole or in part, for any reason or no reasonreason at all. Orders not accompanied by a Subscription Agreement and Agreement, an executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 seven (7) days of an ordersale, the Company Fund reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within thirty (30) days thereafter any commission Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission Selling Commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Selling Commissions, the Dealer Manager Fees Fee or the Distribution Fee due and otherwise payable to Participating Selected Dealer.

Appears in 2 contracts

Samples: Selected Dealer Agreement (FS Global Credit Opportunities Fund - T), Selected Dealer Agreement (FS Global Credit Opportunities Fund - T)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyFund, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company Fund reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Selected Dealer agrees to return to the Dealer Manager within 30 days thereafter any commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Selected Dealer fails to so return any such commission or Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Selected Dealer.

Appears in 2 contracts

Samples: Selected Dealer Agreement (FS Energy & Power Fund), Selected Dealer Agreement (FS Energy & Power Fund)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the CompanyFund, which reserves the right to reject any order order, in whole or in part, for any or no reason. Orders not accompanied by a Subscription Agreement an Investor Application and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Shares Preferred Stock may be rejected. Issuance and delivery of the Primary Shares Preferred Stock will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company Fund is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Shares Preferred Stock within 15 fifteen (15) days of an ordersale, the Company Fund reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer Sxxxxxx Agent agrees to return to the Dealer Manager within thirty (30) days thereafter any commission or Dealer Manager Fee Selling Commission theretofore paid with respect to such order, and, if Participating Dealer Selling Agent fails to so return any such commission or Dealer ManagerSelling Commission, the Dealer Manager shall have the right to offset amounts owed against future commissions or Dealer Manager Fees Selling Commissions due and otherwise payable to Participating DealerSelling Agent.

Appears in 1 contract

Samples: Sales Agreement (Eagle Point Credit Co Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Offered Shares may be rejected. Issuance and delivery of the Primary Offered Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Offered Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager any commission commission, Additional Selling Commission or Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or to the Dealer Manager, the Dealer Manager shall have the right to offset amounts owed against future commissions commissions, Additional Selling Commissions or Dealer Manager Fees due and otherwise payable to Participating Dealer.

Appears in 1 contract

Samples: Participating Dealer Agreement (Prospect Flexible Income Fund, Inc.)

Right to Reject Orders or Cancel Sales. All orders, whether initial or additional, are subject to acceptance by and shall only become effective upon confirmation by the Company, which reserves the right to reject any order for any or no reason. Orders not accompanied by a Subscription Agreement and executed signature page thereto and the required instrument of payment Subscription Payment for the Primary Shares may be rejected. Issuance and delivery of the Primary Shares will be made only after actual receipt of payment therefor. If any instrument of payment Subscription Payment is not paid upon presentment, or if the Company is not in actual receipt of clearinghouse funds or cash, certified or cashier’s check or the equivalent in payment for the Primary Shares within 15 days of an ordersale, the Company reserves the right to cancel the order sale without notice. In the event an order is rejected, canceled or rescinded for any reason, Participating Dealer agrees to return to the Dealer Manager Company any commission or to the Dealer Manager the Dealer Manager Fee theretofore paid with respect to such order, and, if Participating Dealer fails to so return any such commission or Dealer Manager Fee, the Company or Dealer Manager, as the Dealer Manager case may be, shall have the right to offset amounts owed against future commissions or Dealer Manager Fees due and otherwise payable to Participating Dealer.

Appears in 1 contract

Samples: Participating Dealer Agreement (Paladin Realty Income Properties Inc)

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