Common use of Option to Purchase Option Shares Clause in Contracts

Option to Purchase Option Shares. (a) For the purposes of covering any overallotments in connection with the distribution and sale of the Firm Shares as contemplated by the Prospectus, the Company hereby grants an option to the several Underwriters (which may be exercised, at its option, by the Representative, individually) to purchase all or any part of the Option Shares from the Company. This option may be exercised in whole or in part at anytime and from time to time within 30 days after the effective date of the Registration Statement upon written notice (each, an "Option Share Notice") by the Representative to the Company setting forth the aggregate number of Option Shares to be purchased, the names and denominations in which the certificates for such Option Shares are to be registered and the time and date for such purchase. Such time and date shall be determined by the Representative but shall be at least two and no more than five full business days before the date specified for closing in the Option Share Notice (each an "Option Closing Date"). Delivery of the Option Shares against payment therefor shall take place at the offices of the Representative, 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The number of Option Shares to be purchased by each Underwriter, if any, shall bear the same percentage to the total number of Option Shares being purchased by the several Underwriters pursuant to this subsection (a) as the number of Firm Shares such Underwriter is purchasing bears to the total number of Firm Shares being purchased pursuant to subsection (a) of Section 1, as adjusted, in each case by the Representative in such manner as the Representative may deem appropriate. The purchase price to be paid for the Option Shares will be the same price per Option Share as the price per Firm Share set forth in Section 1 hereof.

Option to Purchase Option Shares. (a) For the purposes of covering any overallotments over- allotments in connection with the distribution and sale of the Firm Shares as contemplated by the Prospectus, the Company hereby grants an option to the several Underwriters (which may be exercised, at its option, by the Representative, individually) to purchase all or any part of the Option Shares from the Company. This option may be exercised in whole or in part at anytime and from time to time within 30 45 days after the effective date of the Registration Statement upon written notice (each, an "Option Share Notice") by the Representative to the Company setting forth the aggregate number of Option Shares to be purchased, the names and denominations in which the certificates for such Option Shares are to be registered and the time and date for such purchase. Such time and date shall be determined by the Representative but shall be at least two and no more than five full business days before the date specified for closing in the Option Share Notice (each an "Option Closing Date"). Delivery of the Option Shares against payment therefor shall take place at the offices of the Representative, 00 Xxxx Xxxxxx90 Park Avenue, Xxx XxxxNew York, Xxx Xxxx 00000New York 10016. The number of Option Shares to be purchased by each UnderwriterShxxxx xx xx xxxxxxxxx xx xxxx Xxxxxxxxxxx, if any, shall bear the same percentage to the total number of Option Shares being purchased by the several Underwriters pursuant to this subsection (a) as the number of Firm Shares such Underwriter is purchasing bears to the total number of Firm Shares being purchased pursuant to subsection (a) of Section 1, as adjusted, in each case by the Representative in such manner as the Representative may deem appropriate. The purchase price to be paid for the Option Shares will be the same price per Option Share as the price per Firm Share set forth in Section 1 hereof.

Option to Purchase Option Shares. (a) For the purposes of covering any overallotments in connection with the distribution and sale of the Firm Shares as contemplated by the Prospectus, the Company hereby grants an option to the several Underwriters (which may be exercised, at its option, by Sands Brothers as one of the RepresentativeRepresentatives, individually) to purchase all or any part of the Option Shares from the Company. This option may be exercised in whole or in part at anytime and from time to time within 30 45 days after the effective date of the Registration Statement upon written notice (each, an "Option Share Notice") by the Representative Sands Brothers to the Company setting forth the aggregate number of Option Shares to be purchased, the names and denominations in which the certificates for such Option Shares are to be registered and the time and date for such purchase. Such time and date shall be determined by the Representative Sands Brothers but shall be at least two and no more than five full business days before the date specified for closing in the Option Share Notice (each an "Option Closing Date"). Delivery of the Option Shares against payment therefor shall take place at the offices of the RepresentativeSands Brothers, 00 Xxxx Xxxxxx90 Park Avenue, Xxx XxxxNew York, Xxx Xxxx 00000New York 10016. The number of Option Shares to be purchased by each Underwriterxx xx xxxxxxxxx xx xxxx Xxxxxxxxxxx, if any, shall bear the same percentage to the total number of Option Shares being purchased by the several Underwriters pursuant to this subsection (a) as the number of Firm Shares such Underwriter is purchasing bears to the total number of Firm Shares being purchased pursuant to subsection (a) of Section 1, as adjusted, in each case by the Representative Representatives in such manner as the Representative Representatives may deem appropriate. The purchase price to be paid for the Option Shares will be the same price per Option Share as the price per Firm Share set forth in Section 1 hereof.

Option to Purchase Option Shares. (a) For the purposes of covering any overallotments over-allotments in connection with the distribution and sale of the Firm Shares as contemplated by the Prospectus, the Company hereby grants an option to the several Underwriters (which may be exercised, at its option, by the Representative, individually) to purchase all or any part of the Option Shares from the Company. This option may be exercised in whole or in part at anytime and from time to time within 30 45 days after the effective date of the Registration Statement upon written notice (each, an "Option Share Notice") by the Representative to the Company setting forth the aggregate number of Option Shares to be purchased, the names and denominations in which the certificates for such Option Shares are to be registered and the time and date for such purchase. Such time and date shall be determined by the Representative but shall be at least two and no more than five full business days before the date specified for closing in the Option Share Notice (each an "Option Closing Date"). Delivery of the Option Shares against payment therefor shall take place at the offices of the Representative, 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The number of Option Shares to be purchased by each Underwriter, if any, shall bear the same percentage to the total number of Option Shares being purchased by the several Underwriters pursuant to this subsection (a) as the number of Firm Shares such Underwriter is purchasing bears to the total number of Firm Shares being purchased pursuant to subsection (a) of Section 1, as adjusted, in each case by the Representative in such manner as the Representative may deem appropriate. The purchase price to be paid for the Option Shares will be the same price per Option Share as the price per Firm Share set forth in Section 1 ! hereof.