Common use of Maximum Offering Clause in Contracts

Maximum Offering. The offering of the Units ("Offering") shall be conducted by Sonus. There is no minimum subscription for Units or minimum aggregate offering. The maximum subscription is 5,000,000 Units, or $3,000,000. Subject to the foregoing, closings will be held at the discretion of the Company, upon receipt of subscriptions and acceptance thereof by Sonus. An executed copy of this Subscription Agreement, and a statement of accredited investor, together with the purchase price, should be returned to the Company. All funds will be held at Commercial Bank of New York, pending Closing, and will be returned in full, without interest, if Sonus rejects a subscription or terminates the Offering. This Offering shall terminate on July 27, 2000, unless extended by the Company in its sole discretion (the "Termination Date").

Maximum Offering. The offering of the Units ("Offeringoffering") shall be conducted by Sonus. There is no minimum subscription for Units or minimum aggregate offering. The maximum subscription is 5,000,000 Units, 150 Units or $3,000,000150,000. Subject to the foregoing, closings will be held at the discretion of the Company, upon receipt of subscriptions and acceptance thereof by Sonus. An executed copy of this the Subscription Agreement, and a statement of accredited investorinvestors (if not already filed with the Company), together with the purchase price, should be returned to the Company. All funds will be held at Commercial Bank of New York, pending Closing, and will be returned in full, without interest, if Sonus rejects a subscription or terminates the Offering. This Offering shall terminate on July 27, 2000on_________, unless extended by the Company in its sole discretion (the "Termination Date").