Common use of Conditions for the Benefit of the Purchaser Clause in Contracts

Conditions for the Benefit of the Purchaser. The obligations of the Purchaser to complete the purchase of the Purchaser’s Units as contemplated hereby shall be conditional upon the fulfilment at or before the Closing Time, for the exclusive benefit of the Purchaser, of each of the following conditions: (a) the representations and warranties of the Corporation will be true and correct in all material respects as at the Closing Date with the same force and effect as if such representations and warranties had been made at and as of the Closing Date; (b) the Corporation will have, in all material respects, performed and complied with all covenants and agreements contained in this Subscription Agreement to be performed or complied with, or caused to be performed or complied with, by the Corporation at or prior to the Closing; (c) all necessary corporate action will have been taken by the Corporation to authorize the execution and delivery of this Subscription Agreement, and to consummate the transactions contemplated by this Subscription Agreement; and (d) the Purchaser shall have received an opinion of legal counsel to the Corporation addressing matters related to this Subscription Agreement and the transactions contemplated thereby, in such form as is acceptable to counsel to the Finder acting reasonably.

Appears in 1 contract

Samples: Subscription Agreement (Vista Gold Corp)

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Conditions for the Benefit of the Purchaser. The obligations of the Purchaser to complete the purchase of the Purchaser’s Units as contemplated hereby shall be conditional upon the fulfilment at or before the Closing Time, for the exclusive benefit of the Purchaser, of each of the following conditions: (a) the representations and warranties of the Corporation will be true and correct in all material respects as at the Closing Date with the same force and effect as if such representations and warranties had been made at and as of the Closing Date; (b) the Corporation will have, in all material respects, performed and complied with all covenants and agreements contained in this Subscription Agreement to be performed or complied with, or caused to be performed or complied with, by the Corporation at or prior to the Closing; (c) all necessary corporate action will have been taken by the Corporation to authorize the execution and delivery of this Subscription Agreement, and to consummate the transactions contemplated by this Subscription Agreement; and (d) the Purchaser shall have received an opinion of legal counsel to the Corporation addressing matters related to this Subscription Agreement and the transactions contemplated thereby, in such form as is acceptable to the Finders or their counsel to the Finder acting reasonably.

Appears in 1 contract

Samples: Subscription Agreement (Vista Gold Corp)

Conditions for the Benefit of the Purchaser. The obligations of the Purchaser to complete the purchase of the Purchaser’s Units as contemplated hereby shall be conditional upon the fulfilment at or before the Closing Time, for the exclusive benefit of the Purchaser, of each of the following conditions: (a) the representations and warranties of the Corporation will be true and correct in all material respects as at the Closing Date with the same force and effect as if such representations and warranties had been made at and as of the Closing Date; (b) the Corporation will have, in all material respects, performed and complied with all covenants and agreements contained in this Subscription Agreement to be performed or complied with, or caused to be performed or complied with, by the Corporation at or prior to the Closing; (c) all necessary corporate action will have been taken by the Corporation to authorize the execution and delivery of this Subscription Agreement, and to consummate the transactions contemplated by this Subscription Agreement; and (d) the Purchaser shall have received an opinion of legal counsel to the Corporation addressing matters related to this Subscription Agreement and the transactions contemplated thereby, in such form as is acceptable to counsel to the Finder acting reasonably.

Appears in 1 contract

Samples: Subscription Agreement (Vista Gold Corp)

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Conditions for the Benefit of the Purchaser. The obligations of the Purchaser Purchaser's obligation to complete the purchase Transaction is subject to the fulfillment or satisfaction of, or compliance with, all of the Purchaser’s Units as contemplated hereby shall be conditional upon the fulfilment at or before following conditions, by the Closing TimeDate or such earlier date as may be specified below, each of which is for the exclusive benefit of the PurchaserPurchaser and may be waived by it in whole or in part by written notice to the Vendor at any time, of each of provided that, if the following conditionsPurchaser has not notified the Vendor in writing that a condition has been satisfied or waived, then it shall be deemed not to have been satisfied or waived: (a) the representations and warranties all of the Corporation will representations, warranties, and covenants of the Vendor and Gage Co made in or pursuant to this Agreement shall be true and correct in all material respects as at the Closing Date with the same force and effect as if such representations and warranties had been made at and as of the Closing Date; (b) the Corporation will haveVendor and Gage Co shall have performed or complied with, in all material respects, performed and complied with all of the their obligations, covenants and agreements contained in under this Subscription Agreement to be performed or complied with, or caused to be performed or complied with, by the Corporation at or prior to the Closing; (c) all necessary corporate action will have been taken by the Corporation to authorize the execution and delivery of this Subscription Agreement, and to consummate the transactions contemplated by this Subscription Agreement; and (dc) the Purchaser Vendor and Gage Co shall have received an opinion of legal counsel delivered to the Corporation addressing matters related to this Subscription Agreement Purchaser the Ancillary Documents and other items described in Section 7.1 as required at the transactions contemplated thereby, Closing Date and all such documents shall be in such form as is and content acceptable to counsel to the Finder acting reasonablyPurchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wolverine Partners Corp.)

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