Common use of Revocation of Offer Clause in Contracts

Revocation of Offer. The Selected Dealer's offer to purchase, if made prior to the effective date of the Registration Statement, may be revoked in whole or in part without obligation or commitment of any kind by it any time prior to acceptance and no offer may be accepted by the Representatives and no sale can be made until after the Registration Statement covering the Shares has become effective with the Securities and Exchange Commission. Subject to the foregoing, upon execution by the Selected Dealer of the Offer to Purchase below and the return of same to the Representatives, the Selected Dealer shall be deemed to have offered to purchase the number of Shares set forth in its offer on the basis set forth in Section 1 above. Any oral offer to purchase made by the Selected Dealer shall be deemed subject to this Agreement and shall be confirmed by the Representatives by the subsequent execution and return of this Agreement. Any oral notice by the Representatives of acceptance of the Selected Dealer's offer shall be followed by written or telegraphic confirmation preceded or accompanied by a copy of the Prospectus. If a contractual commitment arises hereunder, all the terms of this Selected Dealer Agreement shall be applicable. The Representatives may also make available to the Selected Dealer an allotment to purchase Shares, but such allotment shall be subject to modification or termination upon notice from the Representatives any time prior to an exchange of confirmations reflecting completed transactions. All references hereafter in this Agreement to the purchase and sale of Shares assume and are applicable only if contractual commitments to purchase are completed in accordance with the foregoing.

Revocation of Offer. The Selected Dealer's offer to purchase, if made prior to the effective date of the Registration Statement, may be revoked in whole or in part without obligation or commitment of any kind by it any time prior to acceptance and no offer may be accepted by the Representatives Representative and no sale can be made until after the Registration Statement covering the Shares Units has become effective with the Securities and Exchange Commission. Subject to the foregoing, upon execution by the Selected Dealer of the Offer to Purchase below and the return of same to the RepresentativesRepresentative, the Selected Dealer shall be deemed to have offered to purchase the number of Shares Units set forth in its offer on the basis set forth in Section 1 above. Any oral offer to purchase made by the Selected Dealer shall be deemed subject to this Agreement and shall be confirmed by the Representatives Representative by the subsequent execution and return of this Agreement. Any oral notice by the Representatives Representative of acceptance of the Selected Dealer's offer shall be followed by written or telegraphic confirmation preceded or accompanied by a copy of the Prospectus. If a contractual commitment arises hereunder, all the terms of this Selected Dealer Agreement shall be applicable. The Representatives Representative may also make available to the Selected Dealer an allotment to purchase SharesUnits, but such allotment shall be subject to modification or termination upon notice from the Representatives Representative any time prior to an exchange of confirmations reflecting completed transactions. All references hereafter in this Agreement to the purchase and sale of Shares Units assume and are applicable only if contractual commitments to purchase are completed in accordance with the foregoing.

Revocation of Offer. The Selected Dealer's offer to purchase, if made prior to the effective date of the Registration Statement, may be revoked in whole or in part without obligation or commitment of any kind by it any time prior to acceptance and no offer may be accepted by the Representatives Representative and no sale can be made until after the Registration Statement covering the Shares has become effective with the Securities and Exchange Commission. Subject to the foregoing, upon execution by the Selected Dealer of the Offer to Purchase below and the return of same to the RepresentativesRepresentative, the Selected Dealer shall be deemed to have offered to purchase the number of Shares set forth in its offer on the basis set forth in Section 1 above. Any oral offer to purchase made by the Selected Dealer shall be deemed subject to this Agreement and shall be confirmed by the Representatives Representative by the subsequent execution and return of this Agreement. Any oral notice by the Representatives Representative of acceptance of the Selected Dealer's offer shall be followed by written or telegraphic confirmation preceded or accompanied by a copy of the Prospectus. If a contractual commitment arises hereunder, all the terms of this Selected Dealer Agreement shall be applicable. The Representatives Representative may also make available to the Selected Dealer an allotment to purchase Shares, but such allotment shall be subject to modification or termination upon notice from the Representatives Representative any time prior to an exchange of confirmations reflecting completed transactions. All references hereafter in this Agreement to the purchase and sale of Shares assume and are applicable only if contractual commitments to purchase are completed in accordance with the foregoing.