Subscription Payments Clause Samples
The Subscription Payments clause defines the terms and conditions under which a subscriber is required to make regular payments for access to a service or product. Typically, it outlines the payment schedule (such as monthly or annually), acceptable payment methods, and any consequences for late or missed payments, such as suspension of service. This clause ensures that both parties understand the financial obligations involved, providing predictability for the provider and clarity for the subscriber regarding ongoing costs.
Subscription Payments. An investor subscribing to purchase Shares (the “Subscriber”) will be instructed by the Dealer Manager (with respect to any sales made by the Dealer Manager) or the Dealers to remit the purchase price in the form of checks, drafts or money orders (the “Payment Instruments”) payable to the order of, or funds wired in favor of, “UMB Bank, N.A., as escrow agent for NorthStar Real Estate Income II, Inc.” or “UMB Bank, N.A., as escrow agent for NorthStar Income II” (the “Escrow Account”), or, after the Company meets the Minimum Amount, payable to the order of, or funds wired in favor of “NorthStar Real Estate Income II, Inc.” or “NorthStar Income II.” By noon of the next business day after receipt of any Payment Instruments, the Dealer Manager (with respect to any sales made by the Dealer Manager) or the Dealers shall remit, or shall cause its authorized agent or representative to remit, to the Escrow Agent the Subscription Payments. Such Subscription Payments shall be retained in the Escrow Account by the Escrow Agent and invested as set forth in Section 7 and shall be deposited within one (1) business day of receipt. In the event that any Payment Instruments deposited in the Escrow Account prove uncollectible after the funds represented thereby have been released by the Escrow Agent to the Company, then the Company shall promptly reimburse the Escrow Agent for any and all costs incurred for such, upon request, and the Escrow Agent shall deliver the uncollectible Payment Instrument to the Company. The Escrow Agent shall be under no duty or responsibility to enforce collection of any check delivered to it hereunder. Notwithstanding the foregoing, if any Subscriber exercises any right provided by law to rescind his or her subscription, the Escrow Agent shall, upon notice from the Company or the Dealer Manager, return to such Subscriber all Subscription Payments pertaining to such subscription, together with any earnings thereon during the period that such payments were held by the Escrow Agent under this Agreement.
Subscription Payments. The Subscriber shall have delivered the aggregate subscription payment for the Units in the amount specified for the Subscriber on the signature page hereto.
Subscription Payments. During the period of this Agreement, Subscription (License) Payments shall be paid by the Subscriber (Licensee) at the rate set forth in Exhibit C for the license to the PatentBook Patents.
Subscription Payments. (a) Payments received by us or you for Subscriptions shall be made payable to "Bank of Texas, N.A. as Escrow Agent for Reef Global Energy [VIII, IX, X, XI or XII], L.P."
(b) You shall transfer all such funds to us by noon of the next business day after their receipt by you so that we may transfer them to the Escrow Agent by noon of the next business day after their receipt by us for deposit in escrow in accordance with the Prospectus. In the event that the Minimum Offering is not achieved on or before the Termination Date for a Partnership, all funds held in the Escrow Account shall, within 10 days after the Termination Date for such Partnership, be returned directly to the respective subscribers, together with a pro rata share of any interest earned thereon. In the event the Minimum Offering is achieved on or before the Termination Date, all funds held in the Escrow Account attributable to subscribers whose Subscriptions for a Partnership are rejected by Reef, together with any interest earned thereon, shall, within 10 days after the filing of the Certificate of Limited Partnership, be returned to such subscribers.
Subscription Payments. The Investor shall have delivered the aggregate subscription payment for the Notes and Warrants in the amount specified for the Investor on the signature page hereto.
Subscription Payments. The Investor shall have delivered the Purchase Price.
Subscription Payments. (a) Payments received by us or you for subscriptions shall be made payable to “First Security Bank, N.A., Escrow Agent for Crown Exploration Fund I, L.P.”
(b) You shall transfer all such funds to the escrow agent by noon of the next business day after receipt by you for deposit in escrow in accordance with the Prospectus. In the event that the Minimum Offering is not achieved on or before the Termination Date, all funds held in the escrow account shall, within 10 days after the Termination Date for the Offering, be returned directly to the respective subscribers, together with a pro rata share of any interest earned thereon. In the event the Minimum Offering is achieved on or before the Termination Date, all funds held in the escrow account attributable to subscribers whose subscriptions for the Partnership are rejected by Crown, together with any interest earned thereon, shall, within 10 days after the filing of the Certificate of Limited Partnership, be returned to such subscribers.
Subscription Payments. The Company shall deliver to the Escrow Agent all checks, drafts and money orders ("Subscription Payments") and all Subscription Agreements and other related documents ("Subscription Documents") received by the Company from Subscribers in connection with the Offering. All Subscription Payments shall be made payable to "PEOPLES STATE BANK OF FRANCESVILLE AS ESCROW AGENT FOR - IROQUOIS BIO-ENERGY COMPANY, LLC ESCROW." ALL FUNDS HELD BY THE ESCROW AGENT SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY THE ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST THE COMPANY OR THE ESCROW AGENT UNTIL RELEASED TO THE COMPANY IN ACCORDANCE WITH SECTION 3 HEREOF. IN NO EVENT SHALL ANY OF THE SUBSCRIPTION PAYMENTS BE COMMINGLED WITH DEPOSIT ACCOUNTS OF THE ESCROW AGENT OR OTHERWISE TREATED AS A DEPOSIT ACCOUNT OR REFLECTED ON THE FINANCIAL STATEMENTS OF THE ESCROW AGENT.
Subscription Payments. (a) Payments received by us or you for Subscriptions shall be made payable to "Bank of Texas, N.A. as Escrow Agent for Reef [2007-A, 2007-B, 2008-A, 2008-B, 2008-C, 2009-A, 2009-B] Drilling Partnership, L.P."
(b) You shall transfer all such funds to us by noon of the next business day after their receipt by you so that we may transfer them to the Escrow Agent by noon of the next business day after their receipt by us for deposit in escrow in accordance with the Prospectus. In the event that the Minimum Offering is not achieved on or before the Termination Date for a Partnership, all funds held in the Escrow Account shall, within 10 days after the Termination Date for such Partnership, be returned directly to the respective subscribers, together with a pro rata share of any interest earned thereon. In the event the Minimum Offering is achieved on or before the Termination Date, all funds held in the Escrow Account attributable to subscribers whose Subscriptions for a Partnership are rejected by Reef, together with any interest earned thereon, shall, within 10 days after the filing of the Certificate of Limited Partnership, be returned to such subscribers.
Subscription Payments. Licensee agrees to pay the Company Subscription Fees detailed in the Summary Section of the Order Form starting on the Commencement Date and continuing for the Agreement Term for the right to connect to the Company’s Service.