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

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 1.4.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within forty-five (45) days after the Effective Date. The Underwriters shall not be under any obligation to purchase any Option Unit prior to the exercise of the Over-allotment Option. 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 electronic transmission setting forth the number of Option Units to be purchased and the date and time for delivery of and payment for the Option Units (the “Option Closing Date”), which shall not be later than five (5) Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of Representative’s Counsel, or at such other place (including remotely via electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Overallotment Option with respect to all or any portion of the Option Units, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Option Units 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 Units 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 1.4.1 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 Units Shares within forty-five (45) days after the Effective Date. The Underwriters shall not be under any obligation to purchase any Option Unit Shares prior to the exercise of the Over-allotment Option. 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 electronic transmission setting forth the number of Option Units Shares to be purchased and the date and time for delivery of and payment for the Option Units Shares (the “Option Closing Date”), which shall not be later than five (5) Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of Representative’s Counsel, Counsel or at such other place (including remotely via other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Units Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Overallotment Over-allotment Option with respect to all or any portion of the Option UnitsShares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Option Units Shares 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 Units 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 1.4.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within forty-five (45) days after the Effective Date. The Underwriters shall not be under any obligation obligations to purchase any of the Option Unit Debentures prior to the exercise of the Over-allotment Allotment Option. The Lead Underwriters, on behalf of the Underwriters, may exercise the Over-allotment Option granted hereby may be exercised Allotment Option, in whole or in part, at any time up to 30 days following the Closing Date by the giving delivery of oral written notice to the Company from Corporation (an "Option Notice") specifying the Representative, date and time of closing of the Over-Allotment Option (which must shall be confirmed in writing by overnight mail or electronic transmission setting forth a Business Day not later than 30 days following the Closing Date) and the number of Option Units to be purchased and Debentures in respect of which the date and time for delivery of and payment for the Over-Allotment Option Units (the “Option Closing Date”), which shall not be later than five (5) Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of Representative’s Counsel, or at such other place (including remotely via electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the noticeis being exercised. Upon exercise of the Overallotment Option with respect to all or any portion delivery of the Option UnitsNotice, the Corporation shall become obligated to issue and sell the total number of Option Debentures in respect of which the Underwriters are exercising the Over- Allotment Option, to each of the Underwriters and, subject to the terms and conditions herein set forth hereinforth, (i) the Company each Underwriter severally and not jointly shall become obligated to sell to purchase from the Underwriters Corporation the number of Option Units specified in such notice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion same percentage of the total number of the Option Units Debentures in respect of which the Underwriters are then being purchased exercising the Over-Allotment Option as set forth in Schedule 1 opposite such Underwriter is obligated to purchase of the name aggregate number of such UnderwriterInitial Debentures (adjusted if necessary to avoid fractional securities).

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 1.4.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within forty-five (45) days after the Effective Date. 10.1 The Underwriters shall not be under any obligation to purchase any Option Unit of the Additional Shares prior to the delivery to the Corporation of the Over-Allotment Option Notice to exercise the Over-Allotment Option. BMO, on behalf of the Underwriters, may exercise the Over-Allotment Option at any time and from time to time prior to the expiry of the Over-Allotment Option by delivery of the Over-Allotment Notice. The Over-Allotment Option Closing Date will be determined by BMO but will not be earlier than two (2) Business Days or later than seven (7) Business Days after delivery of the Over-Allotment Option Notice. Upon exercise of the Over-allotment Allotment Option. The , the Corporation will become obligated to issue and sell to the Underwriters a total number of Additional Shares in respect of which the Underwriters are exercising 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 electronic transmission setting forth the number of Option Units to be purchased and the date and time for delivery of and payment for the Option Units (the “Option Closing Date”), which shall not be later than five (5) Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of Representative’s Counsel, or at such other place (including remotely via electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Overallotment Option with respect to all or any portion of the Option Unitsand, subject to the terms and conditions herein set forth hereinforth, (i) each of the Company shall Underwriters severally and not jointly will become obligated to sell to purchase from the Underwriters Corporation the number of Option Units specified in such notice and (ii) each of the Underwriters, acting severally and not jointly, shall purchase that portion same percentage of the total number of Additional Shares in respect of which the Underwriters are then exercising the Over-Allotment Option Units then being purchased as set forth in Schedule 1 opposite such Underwriter is obligated to purchase of the name aggregate number of such UnderwriterUnderwritten Shares as adjusted by the Underwriters.