Common use of Initial Shares Clause in Contracts

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21, 2012 (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company and the Selling Shareholders shall be delivered by or on behalf of the Company and the Selling Shareholders to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as Company and the case may beSelling Shareholders, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton Lord, Bissell & Xxxxxxxx Brook LLP, 000 Xxxx XxxxxxXxxxx Xxxxxx Xxxxx, Xxx XxxxChicago, Xxx Xxxx 00000IL 60606, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as the case may be, upon at least forty-eight (48) hours’ ' prior notice. The Company will cause the certificates certificates, if any, representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx Xxxxxxx Xxxxx LLP, 000 Xxxx Xxxxxx, Xxx XxxxSuite 4200, Xxx Xxxx 00000Houston, Texas 77002, or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., CST, on the third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time, on March 21, 2012 ) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “"Closing Time.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Company and the Selling Stockholders to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as Company and each of the case may beSelling Stockholders, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m., New York City time, on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Representative, 1000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates certificates, if any, representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx Xxxxxxx Xxxxx LLP, 000 Xxxx Xxxxxx, Xxx XxxxSuite 4200, Xxx Xxxx 00000Houston, Texas 77002, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., CST, on the third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time, on March 21, 2012 ) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representative[s] may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeRepresentative[s], including, at the option of the RepresentativeRepresentative[s], through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representative[s] by the Company, as the case may be, Company upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Representative[s], 1000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representative[s] and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx Cxxxxxxx Chance US LLP, 000 30 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21, 2012 the fifth business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Underwriters may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeUnderwriters, including, at the option of the RepresentativeUnderwriters, through the facilities of The Depository Trust Company (“"DTC”") for the account of such any Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Underwriters by the Company, as the case may be, Company upon at least forty-eight (48) hours’ ' prior notice. The Company will will, upon the request of the Underwriters, cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx LLPthe Ledgewood Law Firm, 000 Xxxx P.C. located at 0000 Xxxxxx Xxxxxx, Xxx XxxxXxxxxxxxxxxx, Xxx Xxxx Xxxxxxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 10:30 a.m., New York City time, on March 21June 25, 2012 (unless another 2004 or on such other time and date shall be agreed to by as the Company and the Representative and the Company)may agree upon in writing. The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time" and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the "Date of Delivery.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as the case may be, Company upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton FBR Capital Markets & Co., 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may reasonably request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as the case may be, Company upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m., Eastern time, on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Representative, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City Eastern time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., Eastern time, business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each the Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Underwriter may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeUnderwriter, including, at the option of the RepresentativeUnderwriter, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Underwriter by the Company, as the case may be, Company upon at least forty-eight (48) hours’ ' prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Underwriter, 0000 00xx Xx. Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, 00000 or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21February 20, 2012 (unless another 2001 or on such other time and date shall be agreed to by as the Representative Company and the Company)Underwriter may agree upon in writing. The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time" and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the "Date of Delivery.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunderhereunder shall be delivered by or on behalf of the Company and the Selling Stockholders to the Representative, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ hours prior notice to the Company shall be delivered by or on behalf of and the Company to the RepresentativeSelling Stockholders, including, at the option of the Representative, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as Company and each of the case may beSelling Stockholders, upon at least forty-eight (48) hours’ hours prior notice. The Company will cause the any certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the First Closing Time (as defined below) Date with respect thereto at the office of Hunton Friedman, Billings, Xxxxxx & Co., Inc., 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such payment and delivery and payment are actually made is hereinafter called the “"First Closing TimeDate.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ ' prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as the case may be, Company upon at least forty-eight (48) hours’ ' prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton Friedman, Billings, Xxxxxx & Co., Inc., 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “"Closing Time.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ prior notice to the Company and the Firm Selling Stockholders shall be delivered by or on behalf of the Company and the Firm Selling Stockholders to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as Company and each of the case may beFirm Selling Stockholders, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Representative, 1000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “Closing Time”.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive book-entry form, and in such authorized denominations and registered in such names and amounts as the Representative Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Company and the Selling Stockholders to the Representative, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account accounts specified to the Representative Representatives by the Company, as Company and each of the case may beSelling Stockholders, upon at least forty-eight (48) hours’ prior notice. The To the extent the Initial Shares are delivered in certificated form and not in book-entry form through the facilities of DTC, the Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton FBR Capital Markets & Xxxxxxxx LLPCo., 000 Xxxx 1000 Xxxxx 00xx Xxxxxx, Xxx XxxxXxxxx 0000, Xxx Xxxx Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21[ ], 2012 2017 (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ ' prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Company and the Selling Stockholders to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as Company and each of the case may beSelling Stockholders, upon at least forty-eight (48) hours’ ' prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton Gibson, Dunn & Xxxxxxxx Crutcher LLP, 000 Xxxx Xxxxxx1050 Connecticut Ave., Xxx XxxxN.W., Xxx Xxxx 00000Washington, X.X., 20000, or at the xx xxx office of DTC or its designated custodianxx XXX xx xxx xxxxxxxxxx xxxxxxxxx, as the case may xx xxx xxxx xxx be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to in writing by the Representative and the Company). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as the case may be, Company upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton Friedman, Billings, Xxxxxx & Co., Inc., 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative Representatives may request upon at least forty-eight (48) hours’ ' prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Company and the Selling Stockholders to the RepresentativeRepresentatives, including, at the option of the RepresentativeRepresentatives, through the facilities of The Depository Trust Company (“"DTC”") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative Representatives by the Company, as Company and each of the case may beSelling Stockholders, upon at least forty-eight (48) hours’ ' prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & the Representatives, 1001 00/xx/ Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “"Designated Office”"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative Representatives and the Company). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “"Closing Time" and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the "Date of Delivery.”"

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hours’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as the case may be, upon at least forty-eight (48) hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of Hunton & Xxxxxxxx Chance US LLP, 000 00 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) hourstwo full business days’ prior notice to the Company shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representative by the Company, as the case may be, Company upon at least forty-eight (48) hourstwo full business days’ prior notice. The Company will use commercially reasonable efforts to cause the certificates representing the Initial Shares to be sold by them to be made available for inspection checking and packaging at least twenty-four (24) hours one full business day’s prior to the Initial Closing Time (as defined below) with respect thereto at the office of Hunton Friedman, Billings, Rxxxxx & Co., 1000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at the office of DTC or its designated custodiancustodian or such other location as the parties may agree, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such payment and delivery and payment are actually made is hereinafter sometimes called the “Initial Closing Time.”

Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, form and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight (48) 48 hours’ prior notice to the Company and the Selling Shareholders, shall be delivered by or on behalf of the Company and the Selling Shareholders to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company, as Company and the case may beAttorneys, upon at least forty-eight (48) 48 hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be sold by them Shares, if any, to be made available for inspection at least twenty-four (24) hours checking and packaging not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of Hunton FBR Capital Markets & Xxxxxxxx LLPCo., 000 Xxxx 0000 Xxxxx 00xx Xxxxxx, Xxx XxxxXxxxx 0000, Xxx Xxxx Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on March 21the third (fourth, 2012 if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time and date at which such delivery and payment are actually made is hereinafter called the “Closing Time.”