Common use of Terms of Underwriting Clause in Contracts

Terms of Underwriting. In connection with any offering involving an underwriting of shares issued by the Company, and in addition to the underwriter's consent, the Company shall not be required to include any of the Purchaser's Shares in such underwriting unless the Purchaser accepts the terms of the underwriting as agreed upon between the Company and the underwriters selected by it, and then only in such quantity as will not, in the written opinion of the underwriters, jeopardize the success of the offering by the Company. If the total amount of Shares that the Purchaser requests to be included in such offering exceeds the amount of shares that the underwriters reasonably believe compatible with the success of the offering, the Company shall only be required to include in the offering that number of the Shares of the Purchaser (pro rata with the other offered shares of the Company) which the underwriters believe will not jeopardize the success of the offering provided that no such reduction shall be made as a consequence of the filing of a registration statement with respect to treasury securities offered by the Company for its own account or any securities offered by selling shareholders.

Terms of Underwriting. In connection with any offering involving an underwriting of shares issued by the Company, and in addition to the underwriter's consent, the Company shall not be required to include any of the Purchaser's Shares in such underwriting unless the Purchaser accepts the terms of the underwriting as agreed upon between the Company and the underwriters selected by it, and then only in such quantity as will not, in the written opinion of the underwriters, jeopardize the success of the offering by the Company. If the total amount of Shares that the Purchaser requests to be included in such offering exceeds the amount of shares that the underwriters reasonably believe compatible with the success of the offering, offering the Company shall only be required to include in the offering that number of the Shares of the Purchaser (pro rata with the other offered shares of the Company) which the underwriters believe will not jeopardize the success of the offering provided that no such reduction shall be made as a consequence of the filing of a registration statement with respect to treasury securities offered by the Company for its own account or any securities offered by selling shareholders.