Common use of Directed Shares Clause in Contracts

Directed Shares. It is understood that approximately 1,364,690 shares of the Initial Shares (“Directed Shares”) initially will be reserved by the Underwriters for offer and sale to employees, trustees, business associates and related persons (“Directed Share Participants”) upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Share Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 1,364,690 [ ] shares of the Initial Shares (“"Directed Shares”") initially will be reserved by the Underwriters for offer and sale to employees, trustees, business associates and related persons (“"Directed Share Participants”") upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “"Directed Share Program”"). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 1,364,690 162,000 shares of the Initial Shares (“Directed Shares”) initially will be reserved by the Underwriters for offer and sale to trustees, employees, trustees, business associates and related persons (“Directed Share Participants”) upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Share Shares Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 1,364,690 [ ] shares of the Initial Shares (“"Directed Shares”") initially will be reserved by the Underwriters for offer and sale to trustees, employees, trustees, business associates and related persons (“"Directed Share Participants”") upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “"Directed Share Program”"). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.