Common use of Postponement of Closing Clause in Contracts

Postponement of Closing. If Firm Shares to which a default relates are to be purchased by the non-defaulting Underwriters or by any other party or parties, the Representative or the Company shall have the right to postpone the First Closing Date for not more than seven business days (or such longer period as may be agreed upon by the Representative and the Company) in order that the necessary changes in the Registration Statement, in the Time of Sale Disclosure Package, in the Prospectus or in any other documents, as well as any other arrangements, may be effected. As used herein, the term “Underwriter” includes any person substituted for an Underwriter under this Section 8.

Postponement of Closing. If Firm Shares ADSs to which a default relates are to be purchased by the non-defaulting non‑defaulting Underwriters or by any other party or parties, the Representative Representatives or the Company shall have the right to postpone the First Closing Date Date, as the case may be, but in no event for not more longer than seven business days (or such longer period as may be agreed upon by the Representative and the Company) in order that the necessary changes in changes, if any, to the Registration Statement, in the Time of Sale Disclosure Package, in the Prospectus or in any other documents, as well as any other arrangements, documents or arrangements may be effected. As used herein, the term “Underwriter” includes any person substituted for an Underwriter under this Section 8.