Common use of Exercise of Over-allotment Option Clause in Contracts

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to Section 1(b)(i) hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities within 45 days after the Closing Date. An Underwriter shall not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Representative, and, subject to the terms and conditions set forth herein, the Representative will become obligated to purchase, the number of Option Shares and/or Option Warrants specified in such notice.

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i) 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 days after the Closing Datedate of the Prospectus (as defined below). An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representativeallotment Option. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five two (52) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, Representative Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, andOption Shares, subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of Option Shares and/or Option Warrants specified in such noticenotice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter bears to the total number of Firm Shares, subject, in each case, to such adjustments as the Representative, in its sole discretion, shall determine.

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i) 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 days after the Closing Datedate of the Prospectus (as defined below). An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representativeallotment Option. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing Date”), which shall not be earlier later than one (1) full Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, Representative Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, andOption Shares, subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of Option Shares and/or Option Warrants specified in such notice, and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter bears to the total number of Firm Shares, subject, in each case, to such adjustments as the Representative, in its sole discretion, shall determine.

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to this Section 1(b)(i1(b) hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 forty-five (45) days after the Closing Dateeffective date of the Registration Statement. An Underwriter shall will not be under any obligation to purchase subscribe for any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased subscribed for and the date and time for delivery issue of and payment for the Option Shares and/or Option Warrants, as the case may be (each, an “Option Closing Date”), which shall will not be earlier than one (1) Business Day nor later than five three (53) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery issue and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey issue to the RepresentativeUnderwriters, and, subject to the terms and conditions set forth herein, the Representative Underwriters will become obligated to purchasesubscribe for, the number of Option Shares and/or Option Warrants specified in such notice. The Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company (except to the extent the Representative has exercised the Over-Allotment Option in accordance herewith).

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to Section 1(b)(i) hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities within 45 30 days after the Closing Date. An Underwriter shall not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Representative, and, subject to the terms and conditions set forth herein, the Representative will become obligated to purchase, the number of Option Shares and/or Option Warrants specified in such notice.

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to this Section 1(b)(i1(b) hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of any combination of the Option Securities within 45 days after the Closing Dateexecution date of this Agreement. An Underwriter shall will not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as the case may be Securities (each, an “Option Closing Date”), which shall will not be earlier than one two (12) Business Day Days nor later than five three (53) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Representative Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants Securities does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the RepresentativeUnderwriters, and, subject to the terms and conditions set forth herein, the Representative Underwriters will become obligated to purchase, the number of Option Shares and/or Option Warrants Securities specified in such notice. The Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company (except to the extent the Representative has exercised the Over-Allotment Option in accordance herewith).

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to this Section 1(b)(i1(b) hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of any combination of the Option Securities within 45 days after the Closing Dateexecution date of this Agreement. An Underwriter shall will not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as the case may be Securities (each, an “Option Closing Date”), which shall will not be earlier than one (1) Business Day Days nor later than five three (53) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Representative Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants Securities does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the RepresentativeUnderwriters, and, subject to the terms and conditions set forth herein, the Representative Underwriters will become obligated to purchase, the number of Option Shares and/or Option Warrants Securities specified in such notice. The Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company (except to the extent the Representative has exercised the Over-Allotment Option in accordance herewith).

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i1(c) hereof may be exercised by the Representative as to all (at any time) or any part (from time to one time) for any number of the Option Securities Shares within 45 forty-five (45) days after the Closing Date. An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment allotment Option by the Representativeexercise. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of the Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing DateTime”), which shall not be earlier than one (1) Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, or at such other place (including remotely by facsimile or other electronic transmissiontransmissions) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does do not occur on at the Closing DateTime, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, and, Option Shares subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of the Option Shares and/or Option Warrants specified in such noticenotice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of the Option Shares then being purchased as set forth in Schedule I opposite the name of such Underwriter.

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i) 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 days after the Closing Datedate of the Prospectus (as defined below). An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representativeallotment Option. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five two (52) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, Representative Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, andOption Shares, subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of Option Shares and/or Option Warrants specified in such notice, and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter bears to the total number of Firm Shares, subject, in each case, to such adjustments as the Representative, in its sole discretion, shall determine.

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i) 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 thirty (30) days after the Closing Date. An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representativeallotment Option. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, andOption Shares, subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of Option Shares and/or Option Warrants specified in such noticenotice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

Exercise of Over-allotment Option. The Over-Allotment Option granted pursuant to Section 1(b)(i) hereof may be exercised by the Representative Representatives as to all (at any time) or any part (from time to time) of the Option Securities within 45 days after the Closing Date. An Underwriter shall not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the RepresentativeRepresentatives. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the RepresentativeRepresentatives, which must be confirmed in writing by overnight mail or by email or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as the case may be (each, an “Option Closing Date”), which shall not be earlier than one (1) Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the RepresentativeRepresentatives, at the offices of the Representative’s Representatives’ Counsel, or at such other place (including remotely by electronic transmission) as shall be agreed upon by the Company and the RepresentativeRepresentatives. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the RepresentativeRepresentatives, and, subject to the terms and conditions set forth herein, the Representative Representatives will become obligated to purchase, the number of Option Shares and/or Option Warrants specified in such notice. The Representatives may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company (except to the extent the Representatives have exercised the Over-Allotment Option in accordance herewith).

Exercise of Over-allotment Option. The Over-Allotment allotment Option granted pursuant to Section 1(b)(i) 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities Shares within 45 days after the Closing Datedate of the Prospectus (as defined below). An Underwriter The Underwriters shall not be under any obligation to purchase any Option Securities Shares prior to the exercise of the Over-Allotment Option by the Representativeallotment Option. The Over-Allotment allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or by email facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Shares and/or Option Warrants, as (the case may be (each, an “Option Closing Date”), which shall not be earlier later than one (1) full Business Day nor later than five (5) full Business Days after the date of the written notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s Counsel, Representative Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Shares and/or Option Warrants does not occur on the Closing Date, each the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, allotment Option with respect to all or any portion of the Company will become obligated to convey to the Representative, andOption Shares, subject to the terms and conditions set forth herein, (i) the Representative will Company shall become obligated to purchase, sell to the Underwriters the number of Option Shares and/or Option Warrants specified in such noticenotice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Option Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter bears to the total number of Firm Shares, subject, in each case, to such adjustments as the Representative, in its sole discretion, shall determine.