Common use of CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL THE DEBENTURES AND WARRANTS Clause in Contracts

CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL THE DEBENTURES AND WARRANTS. The obligation hereunder of the Company to issue and/or sell the Debentures and Warrants to the Subscriber at each Closing is subject to the satisfaction, at or before such Closing, of each of the 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.

Appears in 5 contracts

Samples: Convertible Securities Subscription Agreement (Zycad Corp), Convertible Securities Subscription Agreement (Zycad Corp), Convertible Securities Subscription Agreement (Zycad Corp)

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