Common use of Purchase, Delivery and Sale of the Shares Clause in Contracts

Purchase, Delivery and Sale of the Shares. (a) Subject to the terms and conditions of this Agreement, and upon the basis of the representations, warranties and agreements herein contained, the Company agrees to issue and sell to the Underwriters, and the Underwriters agree to buy from the Company at $10.80 per Unit at the place and time hereinafter specified, 500,000 Units. Delivery of the Firm Units as well as the Representative's Warrant against payment therefor shall take place at the offices of Kensington Securities, Inc., 0000 X. Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxx 00000 (or at such other place as may be designated by agreement between you and the Company) at 9:00 a.m. local time on July ___, 1997 or at such later time and date as you may designate within ten business days of the effective date of the Registration Statement or the date which you receive the Prospectus in sufficient quantity to send confirmations of sale, such time and date of delivery for the Firm Units being herein called the "First Closing Date." Time shall be of the essence and delivery at the time and place specified in this subsection (a) is a further condition to the obligations of the Underwriters hereunder. Payment shall be made to the order of the Company on the First Closing Date.

Purchase, Delivery and Sale of the Shares. (a) Subject to the terms and conditions of this Agreement, and upon the basis of the representations, warranties and agreements herein contained, the Company agrees to issue and sell to the Underwriters, and the Underwriters agree to buy from the Company at $10.80 per Unit at the place and time hereinafter specified, 500,000 Units. Delivery of the Firm Units as well as the Representative's Warrant Representatives' Warrants against payment therefor shall take place at the offices of Kensington Securities, Inc., 0000 X. Xxxxxxxxx Xxxxx Xxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxx 00000 (or at such other place as may be designated by agreement between you and the Company) at 9:00 a.m. local time on July September ___, 1997 or at such later time and date as you may designate within ten business days of the effective date of the Registration Statement or the date which you receive the Prospectus in sufficient quantity to send confirmations of sale, such time and date of delivery for the Firm Units being herein called the "First Closing Date." Time shall be of the essence and delivery at the time and place specified in this subsection (a) is a further condition to the obligations of the Underwriters hereunder. Payment shall be made to the order of the Company on the First Closing Date.

Purchase, Delivery and Sale of the Shares. (a) Subject to the terms and conditions of this Agreement, and upon the basis of the representations, warranties and agreements herein contained, the Company agrees to issue and sell to the UnderwritersUnderwriter, and the Underwriters agree Underwriter agrees to buy from the Company at $10.80 9.00 per Unit at the place and time hereinafter specified, 500,000 450,000 Units. Delivery of the Firm Units as well as the RepresentativeUnderwriter's Warrant against payment therefor shall take place at the offices of Kensington First Midwest Securities, Inc., 0000 X. Xxxxxxxxx Xxxxxxx Xxxx, Xxxxx 000, XxxxxxxxxxXxxxxxxxx, Xxxxxxx Xxxxxxxxx 00000 (or at such other place as may be designated by agreement between you and the Company) at 9:00 a.m. local time on July ___, 1997 or at such later time and date as you may designate within ten five business days of the effective date of the Registration Statement or the date which you receive the Prospectus in sufficient quantity to send confirmations of sale, such time and date of delivery for the Firm Units being herein called the "First Closing Date." Time shall be of the essence and delivery at the time and place specified in this subsection (a) is a further condition to the obligations of the Underwriters Underwriter hereunder. Payment shall be made to the order of the Company on the First Closing Date.

Purchase, Delivery and Sale of the Shares. (a) Subject to the terms and conditions of this Agreement, and upon the basis of the representations, warranties and agreements herein contained, the Company agrees to issue and sell to the UnderwritersUnderwriter, and the Underwriters agree Underwriter agrees to buy from the Company at $10.80 9.00 per Unit at the place and time hereinafter specified, 500,000 550,000 Units. Delivery of the Firm Units as well as the RepresentativeUnderwriter's Warrant against payment therefor shall take place at the offices of Kensington First Midwest Securities, Inc., 0000 X. Xxxxxxxxx Xxxxxxx Xxxx, Xxxxx 000, XxxxxxxxxxXxxxxxxxx, Xxxxxxx Xxxxxxxxx 00000 (or at such other place as may be designated by agreement between you and the Company) at 9:00 a.m. local time on July ___, 1997 or at such later time and date as you may designate within ten five business days of the effective date of the Registration Statement or the date which you receive the Prospectus in sufficient quantity to send confirmations of sale, such time and date of delivery for the Firm Units being herein called the "First Closing Date." Time shall be of the essence and delivery at the time and place specified in this subsection (a) is a further condition to the obligations of the Underwriters Underwriter hereunder. Payment shall be made to the order of the Company on the First Closing Date.