Common use of Delivery of and Payment for Securities Clause in Contracts

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M., Eastern time, on [●], 2023 or at such other time as shall be agreed upon in writing by the Representative and the Company, and, with respect to the Option Shares, 10:00 A.M., Eastern time, on the date specified by the Representative in the written notice given by the Representative of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. Each Closing shall be at the offices of the Representative or at such other place as shall be agreed upon by the Representative and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative of the Firm Shares or Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative for all such Firm Shares or Option Shares, as applicable.

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M.a.m., Eastern New York City time, on [●[ ], 2023 2022 or at such other time as shall be agreed upon in writing by the Representative and the Company, and, with respect to the Option Shares, 10:00 A.M.a.m., Eastern New York City time, on the date specified by the Representative in the written notice given by the Representative of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. .” Each Closing shall be at the offices of the Representative or at such other place as shall be agreed upon by the Representative and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative of the Firm Shares or and Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or and Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative for all such Firm Shares or and Option Shares, as applicable.

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M., Eastern time, on [●], 2023 or at such other time as shall be agreed upon in writing by the Representative and the Company, and, with respect to the Option Shares, 10:00 A.M., Eastern time, on the date specified by the Representative in the written notice given by the Representative of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. Each Closing shall be at the offices of the Representative or at such other place as shall be agreed upon by the Representative and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative of the Firm Shares or Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative for all such Firm Shares or Option Shares, as applicable.

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M., Eastern time, on [●]March 25, 2023 2024 or at such other time as shall be agreed upon in writing by the Representative and the Company, and, with respect to the Option Shares, 10:00 A.M., Eastern time, on the date specified by the Representative in the written notice given by the Representative of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. Each Closing shall be at the offices of the Representative or at such other place as shall be agreed upon by the Representative and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative of the Firm Shares or Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative for all such Firm Shares or Option Shares, as applicable.

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M., Eastern time, on [●], 2023 2024 or at such other time as shall be agreed upon in writing by the Representative and the Company, and, with respect to the Option Shares, 10:00 A.M., Eastern time, on the date specified by the Representative in the written notice given by the Representative of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. The Option Closing Date may be simultaneous with, but not earlier than, the First Closing Date, and in the event that such time and date are simultaneous with the First Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm Shares and Option Shares. Each Closing shall be at the offices of the Representative or at such other place as shall be agreed upon by the Representative and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative of the Firm Shares or Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative for all such Firm Shares or Option Shares, as applicable.

Delivery of and Payment for Securities. Delivery of and payment for the Firm Shares shall be made at 10:00 A.M.a.m., Eastern New York City time, on [●[ ], 2023 or at such other time as shall be agreed upon in writing by the Representative Representatives and the Company, and, with respect to the Option Shares, 10:00 A.M.a.m., Eastern New York City time, on the date specified by the Representative Representatives in the written notice given by the Representative Representatives of the Underwriters’ election to purchase such Option Shares, or at such other time as shall be agreed upon in writing by the Representative Representatives and the Company. The hour and date of delivery of and payment for the Firm Shares is called the “First Closing Date,” and each time and date for delivery of the Option Shares, if not the First Closing Date, is called an “Option Closing Date,” and each such closing of the payment of the purchase price for, and delivery of the Firm Shares or Option Shares, as applicable, is referred to herein as a “Closing” and the date of each such Closing, a “Closing Date”. .” Each Closing shall be at the offices of either of the Representative Representatives or at such other place as shall be agreed upon by the Representative Representatives and the Company, and each Closing may be undertaken by remote electronic exchange of Closing documentation. Payment for the Firm Shares and Option Shares, as applicable, shall be made on the applicable Closing Date by wire transfer in Federal (same day) funds upon delivery to the Company and the Selling Shareholder, as applicable, upon delivery by each of the Company and the Selling Shareholder to the Representative Representatives of the Firm Shares or and Option Shares, as applicable, through the full fast transfer facilities of the Depository Trust Company (the “DTC”) for the account of the Underwriters. The Firm Shares and Option Shares shall be registered in such names and in such denominations as the Representative Representatives may request in writing at least two Business Days prior to the applicable Closing Date. The Company and the Selling Shareholder (with respect to the Selling Shareholder Firm Shares) shall not be obligated to sell or deliver the Firm Shares or and Option Shares to be purchased on such Closing Date except upon tender of payment by the Representative Representatives for all such Firm Shares or and Option Shares, as applicable.