Common use of Upon acceptance of a Subscription Clause in Contracts

Upon acceptance of a Subscription. (a) hold all monies received in a special account for the benefit of the Company. Promptly following the Expiration Time the Subscription Agent shall distribute to the Company the funds in such account and issue certificates for shares of Additional Common Stock issuable with respect to Subscriptions which have been accepted. (b) advise the Company daily by telecopy and confirm by letter to the Company, attention of Xxxx XxXxxxx, Secretary (the 'Company Representative'), as to the total number of shares of Additional Common Stock Subscribed for, total number of Rights sold, total number of Rights partially Subscribed for and the amount of funds received, with cumulative totals for each; and in addition advise the Company Representative, by telephone at 000 000-0000 confirmed by telecopy, of the amount of funds received identified in accordance with (a) above, deposited, available or transferred in accordance with (a) above, with cumulative totals; and (c) as promptly as possible but in any event on or before 3:30 p.m., New York City Time, on the first full business day following the Expiration Time, advise the Company Representative in accordance with (b) above of the number of shares Subscribed for, the number of Subscription guarantees received and the number of shares of Additional Common Stock unsubscribed for.

Upon acceptance of a Subscription. (a) hold all monies received in a special account for the benefit of the Company. Promptly following the Expiration Time the Subscription Agent you shall distribute to the Company the funds in such account and issue certificates for shares of Additional Common Stock issuable with respect to Subscriptions which have been accepted. (b) advise the Company daily by telecopy and confirm by letter [to the Company, attention of Xxxx XxXxxxx, Secretary ] (the '"Company Representative'"), with copies to [Underwriter, Address and Attention Party] as to the total number of shares of Additional Common Stock Subscribed for, total number of Rights sold, total number of Rights partially Subscribed for and the amount of funds received, with cumulative totals for each; and in addition advise the Company Representative, by telephone at 000 000-0000 [telephone number], confirmed by telecopy, of the amount of funds received identified in accordance with (a) above, deposited, available or transferred in accordance with (a) above, with cumulative totals; and (c) as promptly as possible but in any event on or before 3:30 p.m., New York City Time, on the first full business day following the Expiration Time, advise the Company Representative in accordance with (b) above of the number of shares Subscribed for, the number of Subscription guarantees received and the number of shares of Additional Common Stock unsubscribed for.

Upon acceptance of a Subscription. (a) hold all monies received in a special account for the benefit of the Company. Promptly following the Expiration Time the Subscription Agent shall distribute to the Company the funds in such account and issue certificates for shares of Additional Common Stock issuable with respect to Subscriptions which have been accepted. (b) advise the Company daily by telecopy and confirm by letter to the Company, attention of Xxxx XxXxxxxGill R. Grady, Secretary an officer of the Company (the thx 'Company Cxxxxxx Representative'), as to the total number of shares of Additional Common Stock Subscribed for, total number of Rights sold, total number of Rights partially Subscribed for and the amount of funds received, with cumulative totals for each; and in addition advise the Company Representative, by telephone at 000 000(410) 772-0000 3500 confirmed by telecopy, of the amount of funds received identified in accordance with (a) above, deposited, available or transferred in accordance with (a) above, with cumulative totals; and (c) as promptly as possible but in any event on or before 3:30 p.m., New York City Eastern Time, on the first full business day following the Expiration Time, advise the Company Representative in accordance with (b) above of the number of shares of Additional Common Stock Subscribed for, the number of Subscription guarantees received and the number of shares of Additional Common Stock unsubscribed for.

Upon acceptance of a Subscription. (a) hold all monies received in a special account for the benefit of the Company. Promptly following the Expiration Time the Subscription Agent you shall distribute to the Company the funds in such account and issue certificates for shares of Additional Common Stock issuable with respect to Subscriptions which have been accepted. (b) advise the Company daily by telecopy e-mail and confirm by letter to the Company, attention of Xxxx XxXxxxx, Secretary facsimile [TO THE ATTENTION OF INSERT] (the '"Company Representative'"), with copies to Xxxxxxx X. Xxxxxxxx, 212-223-6700 as to the total number of shares of Additional Common Stock Subscribed for, total number of Rights soldfor pursuant to the Basic Subscription Privilege and the Over-Subscription Privilege, total number of Rights partially Subscribed for for, and the amount of funds receivedreceived for each including the Over Subscription Privilege, with cumulative totals for each; and in addition advise the Company Representative, by telephone at 000 000-0000 _____ [TELEPHONE NUMBER], confirmed by telecopy, of the amount of funds received identified in accordance with (a) above, deposited, available or transferred in accordance with (a) above, with cumulative totals; and (c) as promptly as possible but in any event on or before 3:30 p.m., New York City Time, on the first full business day following the Expiration Time, advise the Company Representative in accordance with (b) above of the number of shares Subscribed for, the number of Subscription guarantees received and the number of shares of Additional Common Stock unsubscribed for.