Common use of Completion of Minimum Offering Clause in Contracts

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B attached hereto and incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds to believe that (a) Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B attached hereto are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received with respect to the Shares, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.

Completion of Minimum Offering. Subject to the provisions of --------------------------------- Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the ----------- Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B C attached hereto and ---------- incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds reason to believe that (a) Cash Investment Instruments in full payment for that number of Shares Units equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice or the documents described in Exhibit B C --------- attached hereto are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received ------------- with respect to the SharesUnits, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transferAutomated Clearing House (“ACH”), no later than fifteen one (151) business days day following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, Accounting Spreadsheet substantiating the sale of the Minimum OfferingOffering and maintained by the sponsor; (3) The documents described on Exhibit B attached hereto and incorporated herein by referenceInstruction Letter (as defined below); and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. The Escrow Agent shall disburse the Escrow Funds by ACH from the Escrow Account in accordance with joint written instructions signed by both the Issuer, NCPS and PORTAL as to the disbursement of such funds (the “Instruction Letter”) in accordance with this Section 4(a). Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds reason to believe that (a) Cash Investment Instruments in full payment for that number of Shares Securities equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B attached hereto Minimum Offering Notice are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received with respect to the SharesSecurities, by certified or bank check or wire transferACH, no later than fifteen one (151) business days day after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B A attached hereto and incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds to believe that (a) Cash Investment Instruments in full payment for that number of Shares Units equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B A attached hereto are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received with respect to the SharesUnits, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.

Completion of Minimum Offering. Subject to the provisions of ------------------------------- Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the ---------- Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B attached hereto and --------- incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds to believe that (a) Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B attached hereto are incorrect --------- or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received ------------ with respect to the Shares, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B C attached hereto and incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds reason to believe that (a) Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice or the documents described in on Exhibit B C attached hereto are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received with respect to the Shares, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 9 hereof, Escrow Agent shall pay disburse to Issuer Sellers, per written instructions executed by Sellers and Placement Agent, the liquidated value of the Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days transfer promptly following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B attached hereto and incorporated herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably requirerequire in a timely manner. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer Sellers if Escrow Agent has grounds reason to believe that (a) Cash Investment Instruments Escrow Funds in full payment for that number of Shares an aggregate amount equal to or greater than the Minimum Offering have not been received, deposited with and or collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice or the documents described in Exhibit B attached hereto are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer Sellers pursuant to this Section 4(a), Escrow Agent shall pay disburse to Issuer Sellers any additional funds received with respect to the SharesUnits, in accordance with written instructions executed by Sellers and Placement Agent, by certified or bank check or wire transfer, no later than fifteen (15) business days transfer promptly after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transferAutomated Clearing House (“ACH”), no later than fifteen one (151) business days day following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, Accounting Spreadsheet substantiating the sale of the Minimum OfferingOffering and maintained by the sponsor; (3) The documents described on Exhibit B attached hereto and incorporated herein by referenceInstruction Letter (as defined below); and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. The Escrow Agent shall disburse the Escrow Funds by ACH from the Escrow Account in accordance with joint written instructions signed by both the Issuer and the NCPS as to the disbursement of such funds (the “Instruction Letter”) in accordance with this Section 4(a). Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds reason to believe that (a) Cash Investment Instruments in full payment for that number of Shares Securities equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B attached hereto Minimum Offering Notice are incorrect or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received with respect to the SharesSecurities, by certified or bank check or wire transferACH, no later than fifteen one (151) business days day after receipt.

Completion of Minimum Offering. Subject to the provisions of Section 10 hereof, Escrow Agent shall pay to Issuer the liquidated value of the Escrow Funds, by certified or bank check or by wire transfer, no later than fifteen (15) business days following receipt of the following documents: (1) A Minimum Offering Notice; (2) Subscription Accounting, substantiating the sale of the Minimum Offering; (3) The documents described on Exhibit B attached hereto and incorporated --------- herein by reference; and (4) Such other certificates, notices or other documents as Escrow Agent shall reasonably require. Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has grounds to believe that (a) Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have not been received, deposited with and collected by the Escrow Agent, or (b) any of the certifications and opinions set forth in the documents described in Exhibit B attached hereto are incorrect --------- or incomplete. After the initial disbursement of Escrow Funds to Issuer pursuant to this Section 4(a), Escrow Agent shall pay to Issuer any additional funds received ------------ with respect to the Shares, by certified or bank check or wire transfer, no later than fifteen (15) business days after receipt.