Common use of Purchase of Optional Shares Clause in Contracts

Purchase of Optional Shares. In addition, upon written notice from the Underwriter given to the Company from time to time, the Underwriter may purchase all or less than all of the Optional Shares at the Purchase Price per share paid for the Firm Shares. Such Optional Shares may be purchased by the Underwriter only for the purpose of covering over-allotments made in connection with the sale of the Firm Shares. No Optional Shares shall be sold or delivered unless the Firm Shares previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Shares or any portion thereof may be exercised from time to time, not more than 45 days subsequent to the date of the Prospectus, and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Underwriter to the Company. Each time for the delivery of and payment for the Optional Shares, being herein referred to as an "Optional Closing Date," which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a "Closing Date"), shall be determined by the Underwriter but shall be not earlier than three and not later than five full business days after written notice of election to purchase, unless otherwise mutually agreed to by the Underwriter and the Company. Optional Shares is given. The Company will deliver the Optional Shares to the Underwriter in the form of definitive certificates, issued in such names and in such denominations as the Underwriter may direct upon reasonable notice in writing to the Company prior to such Optional Closing Date or, if no such direction is received, in the name of the Underwriter (solely for the purpose of administrative convenience) and in such denominations as the Underwriter may determine, against payment of the aggregate purchase price therefor in Federal or other immediately available funds, by certified or official bank check or checks payable to the order of the Company or by wire transfer to accounts designated by the Company. The Company shall make the certificates for the Optional Shares available to the Underwriter at a reasonable time in advance of such Optional Closing Date. If the Underwriter so elects, delivery of the Optional Shares may be made by credit through full fast transfer to the accounts at The Depository Trust Company designated by the Underwriter.

Purchase of Optional Shares. In addition, upon written notice from the Underwriter given to the Company from time to time, the Underwriter may purchase all or less than all of the Optional Shares at the Purchase Price per share to be paid for the Firm Shares. Such Optional Shares may be purchased by the Underwriter only for the purpose of covering over-allotments made in connection with the sale of the Firm Shares. No Optional Shares shall be sold or delivered unless the Firm Shares previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Shares or any portion thereof may be exercised from time to time, not more than 45 30 days subsequent to the date of the Prospectus, and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Underwriter to the Company. Each time for the delivery of and payment for the Optional Shares, being herein referred to as an "Optional Closing Date," which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a "Closing Date"), shall be determined by the Underwriter but shall be not earlier than three and not later than five full business days after written notice of election to purchase, unless otherwise mutually agreed to by the Underwriter and the Company. purchase Optional Shares is given. The Company will deliver the Optional Shares to the Underwriter in the form of definitive certificates, issued in such names and in such denominations as the Underwriter may direct upon reasonable notice in writing to the Company prior to such Optional Closing Date or, if no such direction is received, in the name of the Underwriter (solely for the purpose of administrative convenience) and in such denominations as the Underwriter may determine, against payment of the aggregate purchase price therefor in Federal or other immediately available funds, by certified or official bank check or checks payable to the order of the Company or by wire transfer to accounts designated by the Company. The Company shall make the certificates for the Optional Shares available to the Underwriter at a reasonable time in advance of such Optional Closing Date. If the Underwriter so elects, delivery of the Optional Shares may be made by credit through full fast transfer to the accounts at The Depository Trust Company designated by the Underwriter.

Purchase of Optional Shares. In addition, upon written notice from the Underwriter given to the Company from time to time, the Underwriter may purchase all or less than all of the Optional Shares at the Purchase Price per share to be paid for the Firm Shares. Such Optional Shares may be purchased by the Underwriter only for the purpose of covering over-allotments made in connection with the sale of the Firm Shares. No Optional Shares shall be sold or delivered unless the Firm Shares previously have been, or simultaneously are, sold and delivered. The right to purchase the Optional Shares or any portion thereof may be exercised from time to time, not more than 45 days subsequent to the date of the Prospectus, and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Underwriter to the Company. Each time for the delivery of and payment for the Optional Shares, being herein referred to as an "Optional Closing Date," which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a "Closing Date"), shall be determined by the Underwriter but shall be not earlier than three and not later than five full business days after written notice of election to purchase, unless otherwise mutually agreed to by the Underwriter underwriter and the Company. , Optional Shares is given. The Company will deliver the Optional Shares to the Underwriter in the form of definitive certificates, issued in such names and in such denominations as the Underwriter may direct upon reasonable notice in writing to the Company prior to such Optional Closing Date or, if no such direction is received, in the name of the Underwriter (solely for the purpose of administrative convenience) and in such denominations as the Underwriter may determine, against payment of the aggregate purchase price therefor in Federal or other immediately available funds, by certified or official bank check or checks payable to the order of the Company or by wire transfer to accounts designated by the Company. The Company shall make the certificates for the Optional Shares available to the Underwriter at a reasonable time in advance of such Optional Closing Date. If the Underwriter so elects, delivery of the Optional Shares may be made by credit through full fast transfer to the accounts at The Depository Trust Company designated by the Underwriter.