CONDITIONS PRECEDENT TO THE ADDITIONAL CLOSINGS Sample Clauses

CONDITIONS PRECEDENT TO THE ADDITIONAL CLOSINGS. Except as set forth in this Section 3.10, there shall be no conditions precedent to the respective obligations of each of the Additional Investors to purchase the shares of Preferred Stock to be purchased by it at the applicable Additional Closing; PROVIDED HOWEVER, that in no event shall any Additional Investor be obligated to purchase any shares of Preferred Stock, if, prior to the date of the applicable Additional Closing, (a) the Company has filed a petition in bankruptcy (or takes any equivalent action under applicable state law), (b) a receiver and/or administrator (or equivalent) has been appointed in respect of substantially all of the Company's assets, (c) the Company has sought to make a compromise, assignment or other arrangement for the benefit of its creditors, (d) there has been filed any complaint, application or petition against the Company seeking an order of relief or adjudication of bankruptcy under the Bankruptcy Act with respect to the Company, which complaint, application or petition is not timely contested, or, if timely contested, is not dismissed within 60 days of the date when such petition was filed, or (e) there has been filed any Unveil Technologies, Inc. Series A Convertible Preferred Stock Purchase Agreement Page 7 -------------------------------------------------------------------------------- complaint against the Company alleging that the Company has violated the intellectual property or other proprietary rights of a third party, which complaint (if resolved in favor of the plaintiff) would reasonably be expected to have a Material Adverse Effect.
Sample 1
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Related to CONDITIONS PRECEDENT TO THE ADDITIONAL CLOSINGS

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions Precedent to the Closing 12 7.1. Consents; Stockholder Approval .................................. 12 7.2. No Suits or Actions ............................................. 12 ARTICLE VIII - MISCELLANEOUS................................................. 12

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to the Loans The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received on or before the Execution Date (other than with respect to paragraphs (11), (14) and (18) below, which shall be required by the Closing Date) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to Initial Advances The obligation of each Bank to make its initial Advance on or after the Closing Date is subject to the conditions precedent that (i) all principal, accrued interest, fees, expenses, costs and other amounts outstanding under the terms of each of the Prior Agreements, accrued to the Closing Date, shall have been paid, and the commitments of the lenders thereunder to extend credit shall have terminated, (ii) the Agent shall have received, for the benefit of the Banks, the one time upfront fees due and payable on the Closing Date pursuant to the Joint Fee Letter and (iii) the Agent shall have received on or before the day of the initial Borrowing the following, each dated the Closing Date, in form and substance satisfactory to the Agent and in sufficient copies for each Bank:

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

  • CONDITIONS PRECEDENT TO THE MERGER The obligations of the Parties to effect the Merger are subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

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