Common use of Initial Shares Clause in Contracts

Initial Shares. The Initial Shares to be purchased by the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriters, against payment by or on behalf of the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts specified to the Representatives by the Company upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives Representative may request upon at least forty-eight (48) hours’ prior notice to the Company Company, shall be delivered by or on behalf of the Company to the RepresentativesRepresentative, including, at the option of the RepresentativesRepresentative, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives Representative by the Company upon at least forty-eight (48) hours’ prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives Representative and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “Closing Time” and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the “Date of Delivery.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“"DTC”") for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company upon at least forty-eight (48) hours’ ' prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representatives, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time" and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the "Date of Delivery.”"

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives Representative may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativesRepresentative, including, at the option of the RepresentativesRepresentative, through the facilities of The Depository Trust Company (“"DTC”") for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives Representative by the Company upon at least forty-eight (48) hours’ ' prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives Representative and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time" and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the "Date of Delivery.”"

Initial Shares. The Initial Shares to be purchased by the Underwriters Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives Underwriter may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativesUnderwriter, including, at the option of the RepresentativesUnderwriter, through the facilities of The Depository Trust Company (“DTC”) for the account of the UnderwritersUnderwriter, against payment by or on behalf of the Underwriters Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts specified to the Representatives Underwriter by the Company upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives Underwriter and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the UnderwritersUnderwriter, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives Representative may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativesRepresentative, including, at the option of the RepresentativesRepresentative, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives Representative by the Company Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on Company will cause the third (fourth, if the determination of the purchase price of certificates representing the Initial Shares occurs after 4:30 p.m., New York City timeto be sold by them to be made available for inspection at least twenty-four (24) business day after hours prior to the date hereof Closing Time (unless another time and date shall be agreed to by the Representatives and the Companyas defined below) with respect thereto at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21, 2012 (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on Company will cause the third (fourth, if the determination of the purchase price of certificates representing the Initial Shares occurs after 4:30 p.m., New York City timeto be sold by them to be made available for inspection at least twenty-four (24) business day after hours prior to the date hereof Closing Time (unless another time and date shall be agreed to by the Representatives and the Companyas defined below) with respect thereto at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 10:00 a.m., New York City time, on October 11, 2012 (unless another time and date shall be agreed to by the Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriters, against payment by or on behalf of the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 4:00 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company upon at least forty-eight (48) hours’ prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time with respect thereto at the office of FBR, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder shall be delivered by or on behalf of the Underwriters hereunderCompany and the Selling Shareholders to the Representatives, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) 24 hours’ ' prior notice to the Company shall be delivered by or on behalf of and the Company to the RepresentativesSelling Shareholders, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“"DTC”") for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company and each of the Selling Shareholders, upon at least forty-eight (48) hours’ prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the First Closing Date (as defined below) with respect thereto at the office of ▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter called the “"First Closing TimeDate.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder shall be delivered by or on behalf of the Underwriters hereunderCompany and the Selling Shareholders to the Representatives, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) 24 hours’ prior notice to the Company shall be delivered by or on behalf of and the Company to the RepresentativesSelling Shareholders, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company and each of the Selling Shareholders, upon at least forty-eight (48) hours’ prior notice. The timeCompany will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the First Closing Date (as defined below) with respect thereto at the office of ▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date and place of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if the determination of the purchase price of the Initial Shares pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company) at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇). The time and date at which such payment and delivery and payment are actually made is hereinafter called the “First Closing TimeDate.”

Initial Shares. The Initial Shares to be purchased by the Underwriters each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company (“DTC”) for the account of the Underwriterssuch Underwriter, against payment by or on behalf of the Underwriters such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts account specified to the Representatives by the Company Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The time, date and place of such delivery and payment shall be 9:30 a.m., New York City time, on Company will cause the third (fourth, if the determination of the purchase price of certificates representing the Initial Shares occurs after 4:30 p.m., New York City timeto be sold by them to be made available for inspection at least twenty-four (24) business day after hours prior to the date hereof Closing Time (unless another time and date shall be agreed to by the Representatives and the Companyas defined below) with respect thereto at the office of Hunton & ▇▇▇▇▇▇▇▇ LLP, counsel for the Underwriters, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on July 16, 2012 (unless another time and date shall be agreed to by the Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”