Common use of Acceptance or Rejection of Subscription Clause in Contracts

Acceptance or Rejection of Subscription. The Partnership and the Agent may, in their absolute discretion, accept or reject the Subscriber's subscription for Units as set forth in this Subscription Agreement, in whole or in part, and the Partnership and the Agent reserve the right to allot to the Subscriber less than the amount of Units subscribed for under this Subscription Agreement. Notwithstanding the foregoing, the Subscriber acknowledges and agrees that the acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.

Appears in 4 contracts

Sources: Subscription Agreement, Subscription Agreement, Subscription Agreement

Acceptance or Rejection of Subscription. The Partnership Pursuant to the terms of this Agreement, the Company is proposing to offer and sell the Agent maySecurities up to a maximum principal amount of Five Million Dollars ($5,000,000), which amount may be increased or decreased in the Company’s sole discretion, to accredited investors at a price per Share of Two Dollars ($2.00), subject to the Subscriber agreeing to representations and warranties set forth herein and approval by the Company, in their absolute its sole discretion (the “Investment”). The minimum Investment that the Company will accept is for Twenty-Five Thousand Dollars ($25,000); provided, however that the Company shall have the right, in its sole discretion, to accept or reject an Investment that is less than Twenty-Five Thousand Dollars ($25,000). There is no minimum amount of Shares that must be sold and there will be no escrow of subscriptions; therefore, the Subscriber's funds from the Investment may be used by the Company immediately. This subscription for Units as set forth in this Subscription Agreementthe Securities is irrevocable and may not be withdrawn by the Subscriber (unless afforded such right by law), but may be rejected in whole or in partpart by the Company for any or no reason in the Company’s sole and absolute discretion. The Company shall notify the Subscriber within five (5) days following the date on which this subscription is accepted or rejected. If the Subscriber’s subscription is accepted, the Company shall notify Subscriber and the Partnership and the Agent reserve the right to allot Subscriber shall wire to the Subscriber less than Company immediately available funds in an amount equal to the amount reflected on the signature page of Units subscribed for under this Subscription AgreementAgreement within two (2) business days from receipt of notice of acceptance. Notwithstanding the foregoingFurther, the Subscriber acknowledges and agrees that the upon acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will ’s subscription, this Agreement shall be deemed to have accepted this Subscription Agreement upon been executed and delivered to the delivery at Closing Company and will become a binding contract between Subscriber and the Company shall revise its books and record to evidence ownership of the certificates representing applicable number of Shares, unless a stock certificate is otherwise provided to evidence the Units to the Subscriber or upon the direction Subscriber’s ownership of the Subscriber in accordance with the provisions hereofShares. If this Subscription Agreement subscription is rejected in wholerejected, any certified cheque(s) or bank draft(s) delivered by neither the Subscriber to nor the Agent on account of the Aggregate Subscription Amount for the Units subscribed for Company will be promptly returned to the Subscriber without interest. If have any obligations under this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interestAgreement.

Appears in 3 contracts

Sources: Subscription Agreement (Vocodia Holdings Corp), Subscription Agreement (Vocodia Holdings Corp), Subscription Agreement (Vocodia Holdings Corp)

Acceptance or Rejection of Subscription. The Partnership Subscriber understands and agrees that this Subscription is made subject to the Agent mayfollowing terms and conditions: (a) Contemporaneously with the execution and delivery of this Subscription Agreement through the Portal, Subscriber shall pay the Purchase Price for the Shares in their absolute the form of ACH debit transfer, wire transfer, or credit card. Subscriber’s subscription is irrevocable. Company will maintain all such funds for Subscriber’s benefit in a deposit account at Old Glory Bank, that is subject to a Deposit Account Control Agreement among Company, Old Glory Bank, and Company’s broker, Rialto Markets, LLC, until the earliest to occur of: (i) the acceptance by the Company of some or all of your Subscription at a Closing (as defined below), (ii) the rejection of such subscription, or (iii) the termination of the Offering by the Company (in its sole discretion). If all (or any portion of) your Subscription is accepted by the Company, accept then Rialto Markets, LLC and Company shall direct Old Glory Bank to immediately make available to the Company net funds from the portion of the Purchase Price allocable to the Shares accepted by the Company. (b) This Subscription shall be deemed to be accepted by the Company only when this Subscription Agreement has been accepted and signed by an authorized officer or reject agent of the Subscriber's subscription for Units as set forth in Company (the “Closing”), and a deposit of the Purchase Price will not be deemed an acceptance by the Company of this Subscription Agreement, but it will be your irrevocable obligation to subscribe for such Shares hereunder. (c) The Company shall have the right to reject your Subscription, in whole or in part, and in its sole discretion. If the Partnership and Company rejects any portion of this Subscription, the Agent reserve aggregate payment of the right Purchase Price (or, in the case of rejection of a portion of this Subscription, the part of the payment relating to allot such rejected portion) will be returned promptly to the Subscriber less than the amount of Units subscribed for under this Subscription AgreementSubscriber, without interest or deduction, via check, ACH, and/or credit/debit card refund, in Company’s sole discretion. Notwithstanding anything to contrary, if you fund your Subscription via debit or credit card and Company or Rialto Markets, LLC rejects your Subscription, and either Company or Rialto Markets, LLC reasonably suspects fraud or a substantial risk of charge-back, then Company may delay the foregoingreturn of your Purchase Price for up to 60 calendar day. (d) If the Company accepts all or part of your Subscription, the Company (or its agent) shall provide notice to Subscriber acknowledges and agrees that the acceptance of this Subscription Agreement will be conditional upon among other things, the sale evidence of the Units to the Subscriber being exempt from any prospectus requirements digital entry (or other manner of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(srecord) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units the Shares then owned by Subscriber reflected on the books and records of the Company and verified by the Company’s transfer agent, which is Rialto Markets, LLC (the “Transfer Agent”), which books and records shall bear a notation that the Shares were sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.in reliance upon Regulation A.

Appears in 3 contracts

Sources: Subscription Agreement (Old Glory Holding Co), Subscription Agreement (Old Glory Holding Co), Subscription Agreement (Old Glory Holding Co)

Acceptance or Rejection of Subscription. Subscriber understands and agrees that this Subscription is made subject to the following terms and conditions: (a) Contemporaneously with the execution and delivery of this Subscription Agreement through the Portal, Subscriber shall pay the Purchase Price for the Shares in the form of ACH debit transfer, wire transfer, or credit card. Subscriber’s subscription is irrevocable. The Partnership escrow agent (the “Escrow Agent”) appointed by the Company, who is Rialto Markets, LLC, will maintain all such funds for Subscriber’s benefit until the earliest to occur of: (i) the acceptance by the Company of some or all of your Subscription at a Closing (as defined below), (ii) the rejection of such subscription, or (iii) the termination of the Offering by the Company (in its sole discretion). If all (or any portion of) your Subscription is accepted by the Company, then the Escrow Agent will immediately make available to the Company net funds from the portion of the Purchase Price allocable to the Shares accepted by the Company. (b) This Subscription shall be deemed to be accepted by the Company only when this Subscription Agreement has been accepted and signed by an authorized officer or agent of the Agent mayCompany (the “Closing”), in their absolute discretion, accept or reject and a deposit of the Subscriber's subscription for Units as set forth in Purchase Price will not be deemed an acceptance by the Company of this Subscription Agreement, but it will be your irrevocable obligation to subscribe for such Shares hereunder. (c) The Company shall have the right to reject your Subscription, in whole or in part, and in its sole discretion. If the Partnership and the Agent reserve the right to allot to the Subscriber less than the amount Company rejects any portion of Units subscribed for under this Subscription Agreement. Notwithstanding the foregoingSubscription, the Subscriber acknowledges and agrees that aggregate payment of the acceptance Purchase Price (or, in the case of rejection of a portion of this Subscription Agreement Subscription, the part of the payment relating to such rejected portion) will be conditional upon among other thingsreturned promptly to Subscriber, without interest or deduction, via check, ACH, and/or credit/debit card refund, in Company’s (or its Escrow Agent’s) sole discretion. (d) If the sale Company accepts all or part of your Subscription, Company (or its agent) shall provide notice to Subscriber and evidence of the Units to the Subscriber being exempt from any prospectus requirements digital entry (or other manner of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(srecord) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units the Shares then owned by Subscriber reflected on the books and records of the Company and verified by the Company’s transfer agent, which is Rialto Markets, LLC (the “Transfer Agent”), which books and records shall bear a notation that the Shares were sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.in reliance upon Regulation A.

Appears in 1 contract

Sources: Subscription Agreement (Old Glory Holding Co)

Acceptance or Rejection of Subscription. (a) The Partnership and General Partner, on behalf of the Agent Partnership, may, in their its absolute discretion, accept or reject the Subscriber's ’s subscription for L.P. Units as set forth in this Subscription Agreement, in whole or in part, and the Partnership and the Agent reserve reserves the right to allot to the Subscriber less than the amount of L.P. Units subscribed for under this Subscription Agreement. . (b) Notwithstanding the foregoing, the Subscriber acknowledges and agrees that the acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the L.P. Units to the Subscriber being exempt from any prospectus and Offering memorandum requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership General Partner will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the L.P. Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. . (c) If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) funds delivered by the Subscriber to the Agent Partnership on account of the Aggregate Subscription Amount for the L.P. Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent Partnership exceeds the subscription price of the number of L.P. Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.

Appears in 1 contract

Sources: Private Placement Subscription Agreement