Common use of Postponement of Closing Date Clause in Contracts

Postponement of Closing Date. In the event that the Firm Shares or Option Shares to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company and the Selling Stockholders shall have the right to postpone the Closing Date or Option Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement, the Pricing Disclosure Package or the Prospectus or in any other documents and arrangements, and the Company and the Selling Stockholders agree to file promptly any amendment to the Registration Statement, the Pricing Disclosure Package or the Prospectus that in the opinion of Representative Counsel may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section8 with like effect as if it had originally been a party to this Agreement with respect to such Firm Shares or Option Shares.

Postponement of Closing Date. In the event that the Firm Shares or Option Shares to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative non-defaulting Underwriters or the Company and the Selling Stockholders shall have the right to postpone the Closing Date or Option Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement, the Pricing Disclosure Package or Statement and/or the Prospectus or in any other documents and arrangements, and the Company and the Selling Stockholders agree agrees to file promptly any amendment to the Registration Statement, the Pricing Disclosure Package or Statement and/or the Prospectus that in the opinion of Representative Counsel the Representative’s counsel may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section8 Section 7 with like effect as if it had originally been a party to this Agreement with respect to such Firm Shares or Option Shares.

Postponement of Closing Date. In the event that the Firm Shares or Option Shares to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative non-defaulting Underwriters or the Company and the Selling Stockholders shall have the right to postpone the Closing Date or Option Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement, the Pricing Disclosure Package Statutory Prospectus or the Prospectus or in any other documents and arrangements, and the Company and the Selling Stockholders agree agrees to file promptly any amendment to the Registration Statement, the Pricing Disclosure Package Statutory Prospectus or the Prospectus that in the opinion of Representative the Representative’s Counsel may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section8 Section 7 with like effect as if it had originally been a party to this Agreement with respect to such Firm Shares or Option Shares.

Postponement of Closing Date. In the event that the Firm Shares or Option Shares to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, you, the Representative Company, or the Company and the Selling Stockholders Shareholder shall have the right to postpone the Closing Date or Option Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement, the Pricing Disclosure Package or the Prospectus or in any other documents and arrangements, and the Company and the Selling Stockholders agree agrees to file promptly any amendment to the Registration Statement, the Pricing Disclosure Package or the Prospectus that in the opinion of Representative Counsel counsel for the Underwriter may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section8 Section 8 with like effect as if it had originally been a party to this Agreement with respect to such Firm Shares or Option Shares.

Postponement of Closing Date. In the event that the Firm Shares or Option Shares to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company and the Selling Stockholders Shareholder shall have the right to postpone the Closing Date or Option Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement, the Pricing Disclosure Package or the Prospectus or in any other documents and arrangements, and the Company and the Selling Stockholders agree Shareholder agrees to file promptly any amendment to the Registration Statement, the Pricing Disclosure Package or the Prospectus that in the opinion of Representative Counsel may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section8 Section 8 with like effect as if it had originally been a party to this Agreement with respect to such Firm Shares or Option Shares.