Common use of Holding Proceeds of Rights Offering Clause in Contracts

Holding Proceeds of Rights Offering. A. All proceeds received by the Agent from Record Date Stockholders in respect of the exercise of Rights pursuant to the Basic Subscription and the Over-Subscription Privilege shall be held by the Agent, on behalf of the Company, in a segregated account (the "Account"). No interest shall accrue to the Company or Record Date Stockholders, on funds held in the Account pending disbursement in the manner described in Section 4 above. B. The Agent shall deliver all proceeds received in respect of the exercise of Rights, other than those to be refunded to exercising Record Date Stockholders pursuant to Section 4 above, to the Company as promptly as practicable, but in no event later than 10 Business Days after the Confirmation Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in Computershare’s name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Holding Proceeds of Rights Offering. A. All proceeds received by the Agent from Record Date Stockholders Rights Holders in respect of the exercise of Rights pursuant to the Basic Subscription and the Over-Subscription Privilege shall be held by the Agent, on behalf of the Company, in a segregated account (the "Account"). No interest shall accrue to the Company or Record Date StockholdersRights Holders, on funds held in the Account pending disbursement in the manner described in Section 4 above. B. The Agent shall deliver all proceeds received in respect of the exercise of Rights, other than those to be refunded to exercising Record Date Stockholders Rights Holders pursuant to Section 4 above, to the Company as promptly as practicable, but in no event later than 10 Business Days after the Confirmation Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in Computershare’s name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.