Common use of CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL Clause in Contracts

CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL. The obligation hereunder of the Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each of the following conditions set forth below. (A) The Investor shall have executed this Agreement and delivered the same to the Company. (B) The Company shall first issue a ‘Put’ notice to the investor. (C) The Investor shall have delivered to the Company the Purchase Price for the Securities being purchased by the Investor. (D) The representations and warranties of the Investor shall be true and correct in all material respects as of the date when made and as of the applicable Closing Date as though made at that time and the Investor shall have performed, satisfied, and complied in all material respects with the covenants, agreements, and conditions required by the Transaction Documents to be performed, satisfied, or complied with by the Investor on or before such Closing Date. (E) No statute, rule, regulation, executive order, decree, ruling, or injunction shall have been enacted, entered, promulgated, or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement.

CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL. The obligation hereunder of the Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each of the following conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion. (A) 6.1 The Investor shall have executed this Agreement and the Registration Rights Agreement and delivered the same to the Company. (B) The Company shall first issue a ‘Put’ notice to the investor. (C) 6.2 The Investor shall have delivered to the Company the Purchase Price for the Securities being purchased by the Investor. (D) 6.3 No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement. 6.4 The representations and warranties of the Investor shall be true and correct in all material respects as of the date when made and as of the applicable Closing Date as though made at that time and the Investor shall have performed, satisfied, satisfied and complied in all material respects with the covenants, agreements, agreements and conditions required by the Registered Offering Transaction Documents to be performed, satisfied, or complied with by the Investor on or before such Closing Date. (E) No statute, rule, regulation, executive order, decree, ruling, or injunction shall have been enacted, entered, promulgated, or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement.

CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL. The obligation hereunder of the Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each of the following conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion. (A) The Investor shall have executed this Agreement and delivered the same to the Company. (B) The Company shall first issue a ‘Put’ notice to the investor. (C) The Investor shall have delivered to the Company the Purchase Price for the Securities being purchased by the Investor. (DC) The representations and warranties of the Investor shall be true and correct in all material respects as of the date when made and as of the applicable Closing Date as though made at that time and the Investor shall have performed, satisfied, and complied in all material respects with the covenants, agreements, and conditions required by the Equity Line Transaction Documents to be performed, satisfied, or complied with by the Investor on or before such Closing Date. (ED) No statute, rule, regulation, executive order, decree, ruling, or injunction shall have been enacted, entered, promulgated, or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement.