Acceptance or Rejection of Subscriptions Sample Clauses

The 'Acceptance or Rejection of Subscriptions' clause defines the process by which an entity, such as a company or fund, reviews and decides whether to approve or deny subscription requests from potential investors or participants. Typically, this clause outlines the criteria or discretion the entity has in making these decisions, and may specify timelines or procedures for notifying applicants of the outcome. Its core practical function is to give the entity control over who is allowed to participate, thereby managing risk and ensuring compliance with relevant regulations or internal policies.
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Acceptance or Rejection of Subscriptions. The Issuer has the right to accept or reject any subscription. Only upon the acceptance of a subscription by the Issuer is a sale made. Upon the acceptance of a subscription, the Issuer shall execute the acceptance on the Subscription Agreement, and shall forward a duplicate of the accepted Subscription Agreement to the subscriber with a copy to the Agent.
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Acceptance or Rejection of Subscriptions. You agree that all subscriptions for Common Stock (including this subscription) are made subject to the following terms and conditions: (a) All subscriptions payments will be held by the Company in a segregated account until accepted or rejected by the Company. (b) The Company may accept subscriptions received by it in such order and at such time, prior to termination of the Offering, as the Company may, in its sole discretion, determine. (c) The Company shall have the right, in its sole discretion, to reject any subscription in whole or in part for any reason. (d) Any subscription received but not accepted by the Company prior to the end of the Offering Period or received by the Company after the end of the Offering Period will be rejected by the Company. (e) If your subscription is rejected by the Company for any reason, the Company shall promptly return (subject to delay as necessary to permit funds deposited to clear) to you your executed Subscription Agreements together with all funds paid by you, without deduction and without interest. (f) If your subscription is accepted only in part, then the Company shall promptly return (subject to delay as necessary to permit funds deposited to clear) to you that part of all funds paid by you relating to that part of your subscription which is not accepted, without deduction and without interest.
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Acceptance or Rejection of Subscriptions. The Company has the right to reject this subscription for Shares, in whole or in part, for any reason and at any time prior to a Closing with respect to this subscription, notwithstanding prior receipt by the Investor of notice of acceptance of this subscription. The Shares subscribed for herein shall not be deemed issued to or owned by the Investor until a copy of this Subscription Agreement has been executed by the Investor and accepted and countersigned by the Company, and a Closing with respect to this subscription has occurred. ​
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Acceptance or Rejection of Subscriptions. The Company reserves the right to accept or reject any subscription, in whole or in part. Any subscription that is not accepted will be returned without interest or deduction and the Subscription Agreement will have no force or effect. A Subscription shall not be deemed to have been accepted by the Company unless and until a Subscription Agreement completed and signed by the Investor has been accepted and signed by the Company. The Debentures subscribed for herein shall not be deemed to have been sold to a Subscriber until the Subscription Agreement has been executed by both the Subscriber and the Company and the Company accepts subscriptions for all of the Debentures offered herein, or $3,000,000. Maturity Date and Interest Rate of the Debentures The maturity date of the Debentures shall be six years from the issue date of each of the Debentures. The Debentures may not be prepaid without the written consent of the Holder, which consent may be withheld for any reason or no reason whatsoever. The maturity date may be extended upon the written consent of the Holder, which consent may be withheld for any reason or no reason whatsoever. Interest on the outstanding principal of the Debentures shall accrue, beginning 180 calendar days after the date of issue of each of the Debentures. Interest on the outstanding principal of the Debentures shall be 4% per annum. Interest shall be computed on the basis of the actual number of days elapsed and a year of three hundred and sixty-five days and shall be calculated as of December 31 of each calendar year and payable on or before March 1 of the following year. Any interest due on the Debentures shall, at the option of the Company, be payable in cash or in Common Stock. If paid in Common Stock, the number of shares of Common Stock payable shall be computed by dividing the interest due by the average closing price of the Common Stock for the thirty consecutive business days immediately prior to the payment date.
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Acceptance or Rejection of Subscriptions. The Investor agrees that the Investor’s subscription for Units is made subject to the following terms and conditions:
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Acceptance or Rejection of Subscriptions. The Company has the right, in its sole discretion, to accept or reject any Purchaser. Only upon the acceptance of investor subscription by the Company is a sale made.
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Acceptance or Rejection of Subscriptions. The Issuer and the Placement Agent each have the right to accept or reject any subscription. Only upon the acceptance of a subscription by the Issuer without the rejection of the subscription by the Placement Agent is a sale made.
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Related to Acceptance or Rejection of Subscriptions

  • Acceptance or Rejection of Subscription (a) I understand and agree that the Company reserves the right to reject this subscription for the Units, in whole or in part, for any reason and at any time prior to the Closing, notwithstanding prior receipt by me of notice of acceptance of my subscription. (b) In the event of the rejection of this subscription, my subscription payment will be promptly returned to me without interest or deduction and this Subscription Agreement shall have no force or effect. In the event my subscription is accepted and the offering is completed, the funds specified above shall be released to the Company.

  • Acceptance of Subscriptions 4.1 Following Agent’s first receipt of Subscriptions, on each business day, or more frequently if reasonably requested as to major tally figures, forward a report by email to [________________] (the “Company Representative”) as to the following information, based upon a preliminary review (and at all times subject to a final determination by Company) as of the close of business on the preceding business day or the most recent practicable time prior to such request, as the case may be: (i) the total number of shares of the Additional Common Stock Subscribed for; (ii) the total number of the Rights sold; (iii) the total number of the Rights partially Subscribed for; (iv) the amount of funds received; and (v) the cumulative totals in categories (i) through (iv), above. 4.2 As promptly as possible following the Expiration Time, advise the Company Representative by email of (i) the number of shares of the Additional Common Stock Subscribed for and (ii) the number of shares of the Additional Common Stock unsubscribed for.

  • Acceptance or Rejection All Goods, Services, and Deliverables are subject to acceptance by the JBE. The JBE may reject any Goods, Services or Deliverables that (i) fail to meet applicable acceptance criteria, (ii) are not as warranted, or (iii) are performed or delivered late (without prior consent by the JBE). If the JBE rejects any Good, Service, or Deliverable (other than for late performance or delivery), Contractor shall modify such rejected Good, Service, or Deliverable at no expense to the JBE to correct the relevant deficiencies and shall redeliver such Good, Service, or Deliverable to the JBE within ten (10) business days after the JBE’s rejection, unless otherwise agreed in writing by the JBE. Thereafter, the parties shall repeat the process set forth in this section until the JBE accepts such corrected Good, Service, or Deliverable. The JBE may terminate that portion of this Agreement which relates to a rejected Good, Service, or Deliverable at no expense to the JBE if the JBE rejects that Good, Service, or Deliverable (i) for late performance or delivery, or (ii) on at least two (2) occasions for other deficiencies. Description of Services or Deliverables provided by Contractor: _____________________________________ Date submitted to the JBE:_____________ The Services or Deliverables are:

  • Acceptance of Subscription At the Closing, if the Manager accepts this subscription in whole or in part, the Company shall execute and deliver to the Purchaser a counterpart executed copy of this Subscription Agreement and cause the Escrow Agent to release the Subscription Price (or applicable portion thereof if such subscription is only accepted in part) to the Company for the benefit of Series #TICKER. The Company shall have no obligation hereunder until the Company shall execute and deliver to the Purchaser an executed copy of this Subscription Agreement, and until the Purchaser shall have executed and delivered to the Manager this Subscription Agreement and a substitute Form W-9 (if applicable) and shall have deposited the Purchase Price in accordance with this Agreement. The Purchaser understands and agrees that this subscription is made subject to the condition that the Series #TICKER Interests to be issued and delivered on account of this subscription will be issued only in the name of and delivered only to the Purchaser. Effective upon the Company’s execution of this Subscription Agreement, the Purchaser shall be a member of the Company, and the Purchaser agrees to adhere to and be bound by, the terms and conditions of the Operating Agreement as if the Purchaser were a party to it (and grants to the Manager the power of attorney described therein).

  • ACCEPTANCE/REJECTION/CANCELLATION The County reserves the right to accept or to reject any or all bids and to make the award to that bidder who, in the opinion of the County, will be in the best interest of and/or the most advantageous to the County. The County also reserves the right to reject the bid of any bidder who has previously failed in the proper performance of an award or to deliver on time contracts of a similar nature or who, in the County’s opinion, is not in a position to perform properly under this award. The County reserves the right to inspect all facilities of bidders in order to make a determination as to the foregoing. The County reserves the right to waive any irregularities and technicalities and may, at its discretion, request a re- bid. Award will be made to the lowest responsive and responsible bidder as determined by the County. The County reserves the right, and the Manager, Procurement Division has absolute and sole discretion, to cancel a solicitation at any time prior to approval of the award by the Board of County Commissioners when such approval is required. The decision to cancel a solicitation cannot be the basis for a protest pursuant to the Orange County Code.