Common use of Option Notes Clause in Contracts

Option Notes. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the Option Notes at the same price to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time to the relevant Option Closing Time, as defined below). The option granted by this Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes. The option hereby granted may be exercised for 30 days after the date hereof and may be exercised in whole or in part at any time from time to time upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the Representative, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, to such adjustments as the Representative in its sole discretion shall make as to be only in multiplies of $25.

Option Notes. In addition, on the basis of the representations and warranties contained herein contained and subject to the terms and conditions herein set forthforth herein, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the Option Notes at the same price to set forth in Section 3(a) above. Option Notes may be paid purchased as provided in Section 3(c) solely for the Initial Notes (without giving effect to any accrued interest from the Closing Time to the relevant Option Closing Time, as defined below). The option granted by this Section 2(b) may be exercised only to cover purpose of covering over-allotments, if any, allotments made in connection with the sale offering of the Initial Firm Notes. The option hereby granted may be exercised for 30 shall expire thirty (30) days after the date hereof and may be exercised in whole or in part at any time from time to time in connection with the offering and distribution of the Firm Notes upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an a “Option Closing TimeDate of Delivery”) shall be determined by the Representative, but shall not be later than seven (7) full business days and no earlier than three (3) full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will shall purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Firm Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Firm Notes, subject, subject in each case, case to such adjustments as to the Representative in its sole discretion shall make as aggregate principal amount of Option Notes which such Underwriter may become obligated to be only in multiplies purchase pursuant to the provisions of $25Section 11 hereof.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained and subject to the other terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes at the same purchase price to be paid by the Underwriters for the Initial Firm Notes, plus any additional aggregate principal amount of Option Notes (without giving effect in the same proportion which such Underwriter may become obligated to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Time, as defined below). The option granted by this provisions of Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes8 hereof. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing TimeDate”) shall be determined by the Representative, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing TimeDate. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Firm Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative in its sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.

Option Notes. In addition, on upon the basis of the warranties and representations and warranties herein contained and subject to the other terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, Underwriter to purchase from the Company up to $11,25,000 aggregate principal amount of Option Notes at the same Notes. The purchase price to be paid for any Option Notes shall be the Initial Notes same percentage of the principal amount thereof as the percentage set forth in paragraph (without giving effect to any a) above for the Firm Notes, plus accrued interest from the Closing Time to the relevant Option Closing Time, as defined below). The option granted by this Section 2(b) may be exercised only to cover over-allotmentsinterest, if any, in from the sale Issue Date to the relevant Date of the Initial Notes. Delivery (as defined below) The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time only for the purpose of covering over-allotments which may be made in connection with the offering and distribution of the Firm Notes upon notice by the Representative Underwriter to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters Underwriter are then exercising the option and the time and date of payment and delivery for such the Option Notes. Any such time and date of delivery (each, an “Option Closing Time”a "Date of Delivery") shall be determined by the RepresentativeUnderwriter, but shall not be later than seven full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said option, nor in any event prior to the Closing Time, as hereinafter defined. If The Underwriter may from time to time increase or decrease the option is exercised as to all or any portion public offering price of the Option Notes, each of Notes after the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, initial public offering to such adjustments extent as the Representative Underwriter may determine in its sole discretion shall make as to be only in multiplies of $25accordance with applicable law.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained warranties, covenants and subject to the other terms and conditions herein set forth, at the purchase price for the Notes set forth in paragraph (a) above, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes at the same price to be paid for the Notes, plus any additional amount of Initial Notes (without giving effect which such Underwriter may become obligated to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Time, as defined below). The option granted by this provisions of Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes8 hereof. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period only for the purpose of covering over-allotments, which may be made in connection with the offering and distribution of the Initial Notes upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the Representative, but shall not be later than seven three full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time, as defined below, unless otherwise agreed upon between the Company and the Representative. If the option is exercised as to all or any portion of the Option Notes, the Company will sell that amount of Option Notes then being purchased and each of the Underwriters, acting severally and not jointly, will purchase that amount of Notes equal to the proportion of that the aggregate principal total amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal total amount of Initial Notes, subject, in each case, to such adjustments as the Representative in its sole discretion shall make as to be only in multiplies of $25.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained and subject to the other terms and conditions herein set forth, at the purchase price equal to 97% of their principal amount, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes, plus any additional principal amount of Option Notes at in the same price proportion which such Underwriter may become obligated to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Time, as defined below). The option granted by this provisions of Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes9 hereof. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative Representatives to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the RepresentativeRepresentatives, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative Representatives in its sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.

Option Notes. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the $50,000,000 principal amount of Option Notes at the same price to be paid set forth in Schedule B for the Initial Notes (without giving effect to any Notes, plus accrued interest from the Closing Time to the relevant Option Closing Time, as defined below). The option granted by this Section 2(b) may be exercised only to cover over-allotmentsinterest, if any, in from the sale of Closing Date to the Initial NotesAdditional Closing Time. The option hereby granted may be exercised for 30 will expire 13 days after the date hereof and may be exercised in whole or in part at any time from time to time (but not more than two (2) times without the written consent of the Company) only for the purpose of covering overallotments which may be made in connection with the offering and distribution of the Initial Notes upon written notice by the Representative Representatives to the Company setting forth the aggregate principal amount number of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Additional Closing Time”) shall be determined by the RepresentativeRepresentatives, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Notes, subject, in each case, to such adjustments as the Representative in its sole discretion shall make as to be only in multiplies of $25.

Option Notes. In addition, on the basis of the representations and warranties contained herein contained and subject to the terms and conditions herein set forthforth herein, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase the Option Notes at the same price to set forth in Section 3(a) above. Option Notes may be paid purchased as provided in Section 3(c) solely for the Initial Notes (without giving effect to any accrued interest from the Closing Time to the relevant Option Closing Time, as defined below). The option granted by this Section 2(b) may be exercised only to cover purpose of covering over-allotments, if any, allotments made in connection with the sale offering of the Initial Firm Notes. The option hereby granted may be exercised for 30 shall expire thirty (30) days after the date hereof and may be exercised in whole or in part at any time from time to time in connection with the offering and distribution of the Firm Notes upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which of the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an a “Option Closing TimeDate of Delivery”) shall be determined by the Representative, but shall not be later than seven (7) full business days and no earlier than three (3) full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will shall purchase that proportion of the aggregate principal amount of Option Notes then being purchased which the aggregate principal amount of Initial Firm Notes set forth in Schedule A opposite the name of such Underwriter bears to the aggregate principal amount of Initial Firm Notes, subject, subject in each case, case to such adjustments as to the Representative in its sole discretion shall make as aggregate principal amount of Option Notes which such Underwriter may become obligated to be only in multiplies purchase pursuant to the provisions of $25Section 11 hereof.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained and subject to the other terms and conditions herein set forth, at the purchase price equal to 96.85% of their principal amount, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes, plus any additional principal amount of Option Notes at in the same price proportion which such Underwriter may become obligated to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Time, as defined below). The option granted by this provisions of Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes9 hereof. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the Representative, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative in its sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.

Option Notes. In addition, on upon the basis of the warranties and representations and warranties herein contained and subject to the other terms and conditions herein set forth, at the purchase price equal to 96.99% of their principal amount, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes, plus any additional principal amount of Option Notes at in the same price proportion which such Underwriter may become obligated to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Time, as defined below). The option granted by this provisions of Section 2(b) may be exercised only to cover over-allotments, if any, in the sale of the Initial Notes9 hereof. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative Representatives to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the RepresentativeRepresentatives, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time, as hereinafter defined. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative Representatives in its their sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained and subject to the other terms and conditions herein set forth, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes at the same price Purchase Price to be paid by the Underwriters for the Initial Firm Notes, plus any additional principal amount of Option Notes (without giving effect in the same proportion which such Underwriter may become obligated to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Timeprovisions of Section 8 hereof, as defined below). The option granted by this Section 2(b) may be exercised only solely to cover over-allotments, if any, in the sale of the Initial Notes. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the Representative, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Firm Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative in its sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.

Option Notes. In addition, on upon the basis of the representations and warranties herein contained and subject to the other terms and conditions herein set forth, at the purchase price equal to 96.85% of their principal amount, the Company hereby grants an option to the Underwriters, acting severally and not jointly, to purchase from the Company, all or any part of the Option Notes, plus any additional principal amount of Option Notes at in the same price proportion which such Underwriter may become obligated to be paid for the Initial Notes (without giving effect to any accrued interest from the Closing Time purchase pursuant to the relevant Option Closing Timeprovisions of Section 9 hereof, as defined below). The option granted by this Section 2(b) may be exercised only solely to cover over-allotments, if any, in the sale of the Initial Notes. The option hereby granted may be exercised for will expire 30 days after the date hereof and may be exercised in whole or in part at any time from time to time within such 30-day period upon notice by the Representative Representatives to the Company setting forth the aggregate principal amount of Option Notes as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Notes. Any such time and date of delivery (each, an “Option Closing Time”) shall be determined by the RepresentativeRepresentatives, but shall not be later than seven five full business days (or earlier, without the consent of the Company, than two full business days) after the exercise of said such option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option Notes, each of the Underwriters, acting severally and not jointly, will purchase that proportion its proportionate share of the aggregate principal amount of Option Notes then being purchased which based on its proportionate share of the aggregate principal amount of Initial Notes set forth in Schedule A I opposite the name of such Underwriter bears to the aggregate principal amount of Initial NotesUnderwriter, subject, subject in each case, to such adjustments among the Underwriters as the Representative Representatives in its their sole discretion shall make as to be only eliminate any sales or purchases of the Option Notes in multiplies of denominations other than $2525.00.