Conditions of the Purchasers’ Obligations at Closing. The obligations of each Purchaser to the Company under this Agreement are subject to the fulfillment, on or before the applicable Closing, of each of the following conditions, unless otherwise waived: (a) the representations and warranties of the Company contained in Section 5 shall be true on and as of such Closing with the same effect as though such representations and warranties had been made on and as of the date of such Closing; (b) all authorizations, approvals or permits, if any, that are required in connection with the lawful issuance and sale of the Securities pursuant to this Agreement shall be obtained and effective as of such Closing; (c) at such Closing, the sale and issuance by the Company, and the purchase by the applicable Purchasers, of the applicable Notes shall be legally permitted by all laws and regulations to which such Purchasers or the Company are subject; (d) all corporate and other proceedings in connection with the transactions contemplated at such Closing and all documents and instruments incident to such transactions shall be reasonably satisfactory in substance and form to the applicable Purchasers; (e) the Company shall have duly executed and delivered to the applicable Purchasers (i) this Agreement and (ii) the applicable Notes issued hereunder; in accordance with procedures of the WeFunder Intermediary and the terms of the Special Purpose Vehicle.
Appears in 7 contracts
Samples: Convertible Note Purchase Agreement, Convertible Note Purchase Agreement, Convertible Note Purchase Agreement
