Common use of Delivery and Payment of Additional Shares Clause in Contracts

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date, if any, by wire transfer in Federal (same day) funds, upon delivery to the Underwriters of certificates (in form and substance customarily satisfactory to the Underwriters) representing the Additional Shares (or through the facilities of DTC) for the account of the Underwriters. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least one (1) full business day prior to the Option Closing Date, if any. The Company shall not be obligated to sell or deliver the Additional Shares except upon tender of payment by the Underwriters for applicable Additional Shares. The Option Closing Date, if any, may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm Shares and Additional Shares.

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date, if any, by wire transfer in Federal (same day) funds, upon delivery to the Underwriters of certificates (in form and substance customarily satisfactory to the Underwriters) representing the Additional Shares (or through the facilities of DTC) for the account of the Underwriters. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least one two (12) full business day days prior to the Option Closing Date, if any. The Company shall not be obligated to sell or deliver the Additional Shares except upon tender of payment by the Underwriters for applicable Additional Shares. The Option Closing Date, if any, may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm Shares and Additional Shares.