Condition to Issuance Sample Clauses
A Condition to Issuance clause sets out specific requirements that must be satisfied before a party is obligated to issue something, such as shares, bonds, or insurance policies. In practice, this clause might require the completion of due diligence, receipt of regulatory approvals, or fulfillment of contractual obligations before the issuance can proceed. Its core function is to protect the issuing party by ensuring that all necessary prerequisites are met, thereby reducing risk and ensuring compliance before any issuance occurs.
Condition to Issuance. The representations, warranties, understandings, acknowledgments and agreements in this Agreement are true and accurate as of the date hereof, shall be true and accurate as of the date of the issuance of the Securities by the Company and shall survive thereafter.
Condition to Issuance. THE SALE OF THE PURCHASED SHARES HAS NOT --------------------- BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA, AND THE ISSUANCE OF SUCH SHARES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL UNLESS THE SALE OF SUCH SHARES IS EXEMPT FROM QUALIFICATION BY SECTIONS 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UNLESS THE SALE IS SO EXEMPT.
Condition to Issuance. The issuance of this Warrant is conditioned upon delivery to the Company by the Holder of a written representation to the effect that it is an “accredited investor,” as that term is defined in Rule 501 of Regulation D promulgated under Section 4(2) of the Securities Act.