Common use of Rejection of Subscriptions Clause in Contracts

Rejection of Subscriptions. If Issuer rejects any Subscription, then either Issuer or Broker shall direct Bank to return such funds to such Investor via check mailed to the Investor’s address set forth within such Subscription Agreement; provided, however, if Investor funded any portion of such Subscription Funds via a credit or debit card, then in lieu of mailing a check, Broker may refund such amount via such credit or debit card. Issuer shall be deemed to reject any Subscription that Issuer has not accepted within 10 calendar days of the date in which Investor executed the Subscription Agreement.