Common use of Payment for the Clause in Contracts

Payment for the. Firm Shares and Warrants to be sold hereunder is to be made in Federal (same day) funds (i) with respect to the Firm Shares to (A) an account designated by the Company for the shares to be sold by it and (B) an account designated by the Custodian for the shares to be sold by the Selling Shareholders and (ii) with respect to the Warrants and the Warrant Shares, to an account designated by the Custodian for the Warrants to be sold by the Selling Shareholders and to an account designated by the Company for the aggregate Warrant Exercise Price, in each case against delivery of certificates therefor (including certificates for the Warrant Shares) to the Representatives for the several accounts of the Underwriters. Such payment and delivery are to be made through the facilities of the Depository Trust Company at 10:00 a.m., New York time, on the third business day after the date of this Agreement or at such other time and date not later than five business days thereafter as you and the Company shall agree upon, such time and date being herein referred to as the "Closing Date." (As used herein, "business day" means a day on which the New York Stock Exchange is open for trading and on which banks in New York are open for business and not permitted by law or executive order to be closed.)

Payment for the. Firm Shares and Warrants to be sold hereunder is to be made in Federal (same day) by wire transfer of immediately available funds (i) with respect to the Firm Shares to (A) an a bank account designated by the Company for the shares to be sold by it and (B) an by wire transfer of immediately available funds to a bank account designated by the Custodian each Selling Stockholder for the shares to be sold by the Selling Shareholders and (ii) with respect to the Warrants and the Warrant Shares, to an account designated by the Custodian for the Warrants to be sold by the Selling Shareholders and to an account designated by the Company for the aggregate Warrant Exercise PriceStockholders, in each case against delivery of certificates therefor (including certificates for the Warrant Shares) to the Representatives for the several accounts of the Underwriters. Such payment and delivery are to be made through at the facilities offices of the Depository Trust Company Alex. ▇▇▇▇▇ & Sons Incorporated, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, at 10:00 a.m., New York Baltimore time, on the third business day after the date of this Agreement or at such other time and date not later than five business days thereafter as you and the Company shall agree upon, such time and date being herein referred to as the "Closing Date." (As used herein, "business day" means a day on which the New York Stock Exchange is open for trading and on which banks in New York are open for business and not permitted by law or executive order to be closed.)) The certificates for the Firm Shares will be delivered in such denominations and in such registrations as the Representatives request in writing not later than the second full business day prior to the Closing Date, and will be made available for inspection by the Representatives at least one business day prior to the Closing Date.

Payment for the. Firm Shares and Warrants to be sold hereunder is to be made in Federal (same day) New York Clearing House funds (i) with respect by certified or bank cashier's checks or similar next day funds drawn to the Firm Shares to (A) an account designated by order of the Company for the shares Shares to be sold by it and (B) an account designated by to the Custodian order of the Company, "as Custodian" for the shares Shares to be sold by the Selling Shareholders and (ii) with respect to the Warrants and the Warrant Shares, to an account designated by the Custodian for the Warrants to be sold by the Selling Shareholders and to an account designated by the Company for the aggregate Warrant Exercise PriceShareholders, in each case against delivery of certificates therefor (including certificates for the Warrant Shares) to the Representatives for the several accounts of the Underwriters. Such payment and delivery are to be made through at the facilities offices of the Depository Trust Company Alex. ▇▇▇▇▇ & Sons Incorporated, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, at 10:00 a.m.10:00 a. m., New York Baltimore time, on the third business day after the date of this Agreement (or on the fourth business day thereafter if pricing of the offering of the Shares shall occur after 4:30 p.m., Baltimore time) or at such other time and date not later than five business days thereafter as you and the Company shall agree upon, such time and date being herein referred to as the "Closing Date." (As used herein, "business day" means a day on which the New York Stock Exchange is open for trading and on which banks in New York are open for business and not permitted by law or executive order to be closed.)) The certificates for the Firm Shares will be delivered in such denominations and in such registrations as the Representatives request in writing not later than the second full business day prior to the Closing Date, and will be made available for inspection by the Representatives at least one business day prior to the Closing Date.

Payment for the. Firm Shares and Warrants to be sold hereunder is to be made via wire transfer to the Company in Federal (same day) funds (i) with respect to the case of the Firm Shares to (A) an account designated being sold by the Company for the shares to be sold by it and (B) an account designated by the Custodian for the shares to be sold by the Selling Shareholders and (ii) with respect to the Warrants and order of "Douglas M. Cerny, as Custodian" in the Warrant Shares, to an account designated by case of the Custodian for the Warrants to be sold by the Firm Shares ▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇he Selling Shareholders and to an account designated by the Company for the aggregate Warrant Exercise PriceShareholders, in each case against delivery of certificates therefor (including certificates for the Warrant Firm Shares) to the Representatives for the several accounts of the Underwriters. Such payment and delivery are to be made through at the facilities offices of the Depository Trust Company BT Alex. Brown Incorporated, One South Street, Baltimore, Maryland, at 10:00 ▇▇:▇▇ a.m., New York timeBaltimor▇ ▇▇▇▇, on the third business day after ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇er the date of this Agreement or at such other place, time and date not later than five (5) business days thereafter as you and the Company shall agree upon, such time and date being herein referred to as the "Closing Date." (As used herein, "business day" means a day on which the New York Stock Exchange ("NYSE") is open for trading and on which banks in New York are open for business and are not permitted by law or executive order to be closed.)) The certificates for the Firm Shares will be delivered in such denominations and in such registrations as the Underwriters request in writing not later than the second full business day prior to the Closing Date, and will be made available for inspection by the Underwriters at least one business day prior to the Closing Date.