Common use of Payment for the Shares Clause in Contracts

Payment for the Shares. Payment for the Firm Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Firm Shares for the account of the Underwriters at 10:30 a.m., New York time, on August 20, 2012, or at such other time on the same date as shall be agreed by the Company and the Representative. The time and date of such payment are hereinafter referred to as the “First Time of Delivery.” Payment for any Optional Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Optional Shares for the account of the Underwriters at 10:30 a.m. (New York time), on the date specified in the notice described in Section 3(c) or at such other time on the same or on such other date, in any event not later than 10:30 a.m., New York time, four Business Days (as defined below) following the date provided in the written notice described in Section 3(c) of this Agreement, as shall be designated in writing by the Underwriters. The time and date of such payment are hereinafter referred to as the “Second Time of Delivery,” and each such time and date for delivery (including the First Time of Delivery) shall be referred to as a “Time of Delivery.” It is understood that the Representative has been authorized, for its own accounts and the account of the several Underwriters, to accept delivery of and receipt for, and to make payment of the purchase price for, the Firm Shares and any Optional Shares the Underwriters have agreed to purchase. Barclays Capital Inc., individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by Barclays Capital Inc. by the First Time of Delivery or the Second Time of Delivery, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Payment for the Shares. Payment for the Firm Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Firm Shares for the account of the Underwriters at 10:30 a.m., New York time, on August 20March 19, 20122014, or at such other time on the same date as shall be agreed by the Company and the RepresentativeRepresentatives. The time and date of such payment are hereinafter referred to as the “First Time of Delivery.” Payment for any Optional Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Optional Shares for the account of the Underwriters at 10:30 a.m. (New York time), on the date specified in the notice described in Section 3(c) or at such other time on the same or on such other date, in any event not later than 10:30 a.m., New York time, four Business Days (as defined below) following the date provided in the written notice described in Section 3(c) of this Agreement, as shall be designated in writing by the Underwriters. The time and date of such payment are hereinafter referred to as the “Second Time of Delivery,” and each such time and date for delivery (including the First Time of Delivery) shall be referred to as a “Time of Delivery.” It is understood that the Representative has Representatives have been authorized, for its own accounts and the account of the several Underwriters, to accept delivery of and receipt for, and to make payment of the purchase price for, the Firm Shares and any Optional Shares the Underwriters have agreed to purchase. Barclays Capital Inc., individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by Barclays Capital Inc. by the First Time of Delivery or the Second Time of Delivery, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Payment for the Shares. Payment for the Firm Shares shall be made to the Company by the wire transfer of in immediately available funds to the order account specified to the Underwriter by the Company: (a) in the case of the Company against delivery of such Firm Shares for the account of the Underwriters at 10:30 a.m., New York timeUnderwritten Shares, on August 20December 6, 20122004, or at such other time on the same date or such other date, not later than the fifth Business Day thereafter, as shall be agreed by the Underwriter and the Company and may agree upon in writing or (b) in the Representativecase of the Option Shares, on any Business Day from the Closing Date to the fifth Business Day after the date of the written notice from the Underwriter to the Company notifying the Company of its exercise of the over-allotment option granted to it. The time and date of such payment are hereinafter for the Underwritten Shares is referred to herein as the “First Time of Delivery.” Payment for any Optional Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Optional Shares for the account of the Underwriters at 10:30 a.m. (New York time), on the date specified in the notice described in Section 3(c) or at such other time on the same or on such other date, in any event not later than 10:30 a.m., New York time, four Business Days (as defined below) following the date provided in the written notice described in Section 3(c) of this Agreement, as shall be designated in writing by the Underwriters. The time and date of such payment are hereinafter referred to as the “Second Time of Delivery,Closing Date” and each such the time and date for delivery (including such payment for the First Time of Delivery) shall be Option Shares, if other than the Closing Date, is herein referred to as a an “Time of Delivery.” It is understood that the Representative has been authorized, for its own accounts and the account of the several Underwriters, to accept delivery of and receipt for, and to make payment of the purchase price forAdditional Closing Date”. As used herein, the Firm Shares and term “Business Day” means any Optional Shares day other than a day on which banks are permitted or required to be closed in New York, New York or Houston, Texas. Payment for the Underwriters have agreed to purchase. Barclays Capital Inc., individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by on the Closing Date or any Underwriter whose funds shall not have been received by Barclays Capital Inc. by the First Time of Delivery or the Second Time of DeliveryAdditional Closing Date, as the case may be, shall be made against delivery to the Underwriter of the Shares to be purchased on such date registered in such names and in such denominations as the Underwriter shall request in writing not later than two full Business Days prior to the Closing Date or any Additional Closing Date, as the case may be, with any transfer taxes payable in connection with the transfer to the Underwriter of the Shares duly paid by the Company. Unless the Underwriter elects to take delivery of the Shares through the book-entry facilities of the Depository Trust Company, the certificates for the account Shares will be made available for inspection and packaging by the Underwriter at the office of such Underwriterthe Underwriter set forth above not later than 1:00 P.M., but New York City time, on the Business Day prior to the Closing Date or any such payment shall not relieve such Underwriter from any of its obligations under this AgreementAdditional Closing Date, as the case may be.

Payment for the Shares. Payment for the Firm Shares shall be made to the Company by the wire transfer of in immediately available funds to the order account specified to the Underwriter by the Company: (a) in the case of the Company against delivery Underwritten Shares, in the amount of such Firm Shares for the account of the Underwriters at 10:30 a.m., New York time, on August 20, 2012, or at such other time $[ ] on the same date as shall be agreed by the Company and the Representative. The time and date of such payment are hereinafter referred to as the “First Time of Delivery.” Payment for any Optional Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Optional Shares for the account of the Underwriters at 10:30 a.m. (New York time), on the date specified in the notice described in Section 3(c) Closing Date or at such other time on the same or on such other date, in any event not later than 10:30 a.m.the fifth Business Day thereafter, New York timeas the Underwriter and the Company may agree upon in writing or (b) in the case of the Option Shares, four in the amount of $[ ] on any Business Days (as defined below) following Day from the Additional Closing Date to the fifth Business Day after the date provided in of the written notice described in Section 3(c) from the Underwriter to the Company notifying the Company of this Agreement, as shall be designated in writing by its exercise of the Underwritersover-allotment option granted to it. The time and date of such payment are hereinafter for the Underwritten Shares is referred to herein as the “Second Time of Delivery,Closing Date” and each such the time and date for delivery (including such payment for the First Time of Delivery) shall be Option Shares, if other than the Closing Date, is herein referred to as a an “Time of Delivery.” It is understood that the Representative has been authorized, for its own accounts and the account of the several Underwriters, to accept delivery of and receipt for, and to make payment of the purchase price forAdditional Closing Date”. As used herein, the Firm Shares and term “Business Day” means any Optional Shares day other than a day on which banks are permitted or required to be closed in New York, New York or Houston, Texas. Payment for the Underwriters have agreed to purchase. Barclays Capital Inc., individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by on the Closing Date or any Underwriter whose funds shall not have been received by Barclays Capital Inc. by the First Time of Delivery or the Second Time of DeliveryAdditional Closing Date, as the case may be, shall be made against delivery to the Underwriter of the Shares to be purchased on such date registered in such names and in such denominations as the Underwriter shall request in writing not later than two full Business Days prior to the Closing Date or any Additional Closing Date, as the case may be, with any transfer taxes payable in connection with the transfer to the Underwriter of the Shares duly paid by the Company. Unless the Underwriter elects to take delivery of the Shares through the book-entry facilities of the Depository Trust Company, the certificates for the account Shares will be made available for inspection and packaging by the Underwriter at the office of such Underwriterthe Underwriter set forth above not later than 1:00 P.M., but New York City time, on the Business Day prior to the Closing Date or any such payment shall not relieve such Underwriter from any of its obligations under this AgreementAdditional Closing Date, as the case may be.

Payment for the Shares. Payment for the Firm Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Firm Shares for the account of the Underwriters at 10:30 a.m., New York time, on August 20February 11, 20122013, or at such other time on the same date as shall be agreed by the Company and the Representative. The time and date of such payment are hereinafter referred to as the “First Time of Delivery.” Payment for any Optional Shares shall be made to the Company by the wire transfer of immediately available funds to the order of the Company against delivery of such Optional Shares for the account of the Underwriters at 10:30 a.m. (New York time), on the date specified in the notice described in Section 3(c) or at such other time on the same or on such other date, in any event not later than 10:30 a.m., New York time, four Business Days (as defined below) following the date provided in the written notice described in Section 3(c) of this Agreement, as shall be designated in writing by the Underwriters. The time and date of such payment are hereinafter referred to as the “Second Time of Delivery,” and each such time and date for delivery (including the First Time of Delivery) shall be referred to as a “Time of Delivery.” It is understood that the Representative has been authorized, for its own accounts and the account of the several Underwriters, to accept delivery of and receipt for, and to make payment of the purchase price for, the Firm Shares and any Optional Shares the Underwriters have agreed to purchase. Barclays Capital Inc., individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by Barclays Capital Inc. by the First Time of Delivery or the Second Time of Delivery, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.