Common use of Option Notes Clause in Contracts

Option Notes. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the Option Notes at the same price to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time to the relevant Date of Delivery, as defined below). The option hereby granted may be exercised for 30 days after the date hereof and may be exercised in whole or in part at any time from time to time upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (a “Date of Delivery”) shall be determined by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, to such adjustments as ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ in its sole discretion shall make as to be only in multiplies of $25.

Option Notes. In addition, on upon the basis of the warranties and representations and warranties herein contained and subject to the other terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, Underwriter to purchase from the Company up to $11,25,000 aggregate principal amount of Option Notes at the same Notes. The purchase price to be paid for any Option Notes shall be the Initial Notes same percentage of the principal amount thereof as the percentage set forth in paragraph (without giving effect to any a) above for the Firm Notes, plus accrued interest interest, if any, from the Closing Time Issue Date to the relevant Date of Delivery, Delivery (as defined below). ) The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time only for the purpose of covering over-allotments which may be made in connection with the offering and distribution of the Firm Notes upon notice by the Representative Underwriter to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters Underwriter are then exercising the option and the time and date of payment and delivery for such the Option Notes. Any such time and date of delivery (a “"Date of Delivery”") shall be determined by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇the Underwriter, but shall not be later than seven full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said option, nor in any event prior to the Closing Time, as hereinafter defined. If The Underwriter may from time to time increase or decrease the option is exercised as to all or any portion public offering price of the Option Notes, each of Notes after the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, initial public offering to such adjustments extent as ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ the Underwriter may determine in its sole discretion shall make as to be only in multiplies of $25accordance with applicable law.

Option Notes. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the Option Notes at the same price to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time to the relevant Date of Delivery, as defined below). The option hereby granted may be exercised for 30 days after the date hereof and may be exercised in whole or in part at any time from time to time upon notice by the Representative Representatives to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (a “Date of Delivery”) shall be determined by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, to such adjustments as ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ in its sole discretion shall make as to be only in multiplies of $25.