Common use of Completion of Minimum Offering Clause in Contracts

Completion of Minimum Offering. Escrow Agent shall pay to North South by wire transfer the amount of the Escrow Funds equal to the Purchase Price multiplied by the number of Membership Interests purchased in the Minimum Offering, excluding interest and other income earned on the Escrow Funds, and deliver all documents and instruments, including certificates representing the Membership Interests for the Subscribers, no later than three (3) business days following receipt by Escrow Agent of the following items: (1) The Minimum Offering Notice; (2) A Subscription Accounting, substantiating the sale of the Minimum Offering; (3) Subscription Agreements signed by all Subscribers; (4) Certificates representing the Membership Interests for the Subscribers;

Completion of Minimum Offering. Escrow Agent shall pay to North South by wire transfer the amount of the Escrow Funds equal to the Purchase Price multiplied by the number of Membership Interests purchased in the Minimum Offering, excluding interest and other income earned on the Escrow Funds, and deliver all documents and instruments, including certificates representing the Membership Interests for the Subscribers, no later than three (3) business days following receipt by Escrow Agent of the following items: (1) The Minimum Offering Notice; ; (2) A Subscription Accounting, substantiating the sale of the Minimum Offering; ; (3) Subscription Agreements signed by all Subscribers; ; (4) Certificates representing the Membership Interests for the Subscribers; (5) Such other certificates, notices or other documents as Escrow Agent, in its discretion, shall reasonably require and shall have requested from Issuer in writing; and