No Closing. In the event that on or prior to fifteen (15) business days after the Offering Termination Date, no Closing contemplated by Section 3.1 above shall have been consummated, then the Depositor-Agent shall promptly so advise in writing the Bank-Escrowee ("Notice of No Closing") and authorize and direct in writing the Bank-Escrowee to return as promptly as practicable, the funds held in the Escrow Account to or for the accounts of all of the subscribers at their respective addresses provided pursuant to Section 1.2. In each case the Bank-Escrowee shall return such funds with interest, if any, allocated as provided in Section 3.4.
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Sources: Escrow Deposit Agreement (Community Investment Partners Iii Lp LLP), Escrow Deposit Agreement (Community Investment Partners Iii Lp LLP)