Right to Reject Subscriptions Sample Clauses
The Right to Reject Subscriptions clause gives the issuer or managing party the authority to refuse or decline subscription requests from potential investors. In practice, this means that even if an investor submits all required documents and funds, the issuer can still decide not to accept their subscription, often without needing to provide a reason. This clause is essential for allowing the issuer to control who becomes an investor, manage compliance with legal or regulatory requirements, and protect the interests of the investment vehicle.
Right to Reject Subscriptions. We maintain the right to accept or reject subscriptions, in whole or in part, for any reason or for no reason, including, but not limited to, in the event that an investor fails to provide all necessary information, even after further requests from us, in the event an investor fails to provide requested follow-up information to complete background checks or fails background checks, and, in the event we receive over-subscriptions in excess of the maximum offering amount.
Right to Reject Subscriptions. We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours after we receive them.
Right to Reject Subscriptions. The Trustee shall at its sole option be entitled to reject subscriptions for purchases of Units at any time and shall be required to reject subscriptions during any period when the right to redeem Units is suspended pursuant to Section 4.04. The Trustee shall at all times ensure that any decision to reject a subscription is made and communicated to the investor within one valuation day of receipt of the subscription application and refund to the investor immediately any moneys received without interest.
Right to Reject Subscriptions. We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours after we receive them. DESCRIPTION OF SECURITIES Each Convertible Debenture is one in a series authorized for issuance by the Company on December 3, 2012. The aggregate principal amount of the Convertible Debenture is $1,500,000. Each Convertible Debenture will be issued in a minimum of $15,000 in face value, with increments of $5,000 for investments greater than $15,000 (although the Company reserves the right, in the sole and absolute discretion of its Managers, to accept subscriptions for and issue Convertible Debentures in face values of less than $15,000). The purchase price paid by an Investor will be the face value of the Convertible Debenture issued to the Investor. The Company’s Convertible Debentures are expected to be the only debt-securities issued by the Company, and will be senior to all rights of owners of the Company in liquidation. The Convertible Debentures will be fully non-recourse, with no person or entity having personal liability for the Notes. The Convertible Debentures will not be secured by any collateral. The Convertible Debentures will be issued with maturities of two (2) years (“Maturity”), measured from the issuance date of the Convertible Debenture (being the date of the Company’s acceptance of the Investor’s Subscription Agreement). The interest rate of each Convertible Debenture will be 8% per year. Interest will be paid quarterly in arrears and will be payable in full together with repayment of the Principal on the Maturity date. The Maturity Date will be established by the Investor at the time of his/her/its subscription for the Convertible Debenture. Once the Subscription Agreement is accepted by the Company, the Maturity date of each Convertible Debenture will be fixed and not subject to change. Any Convertible Debenture may be called for prepayment, in part or in whole, at any time at the discretion of the Managers. No prepayment or early redemption penalty or fee will be payable in the event of prepayment. The Convertible Debentures will be convertible into common stock of the Company, at the option of the investor, upon the date of prepayment or Maturity. The Company will give written notice to each investor of the da...
Right to Reject Subscriptions. We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions.