Common use of Conditions Precedent to the Obligation of the Purchaser to Accept a Draw Down and Purchase the Shares Clause in Contracts

Conditions Precedent to the Obligation of the Purchaser to Accept a Draw Down and Purchase the Shares. The obligation hereunder of the Purchaser to accept a Draw Down request and to acquire and pay for the Shares is subject to the satisfaction or waiver, at or before each Draw Down Exercise Date, of each of the conditions set forth below. The conditions are for the Purchaser's sole benefit and may be waived by the Purchaser at any time in its sole discretion.

Appears in 6 contracts

Samples: Common Stock Purchase Agreement (Meta Materials Inc.), Common Stock Purchase Agreement (Aquis Communications Group Inc), Common Stock Purchase Agreement (McGlen Internet Group Inc)

AutoNDA by SimpleDocs

Conditions Precedent to the Obligation of the Purchaser to Accept a Draw Down and Purchase the Shares. The obligation hereunder of the Purchaser to accept a Draw Down request and to acquire and pay for the Shares is subject to the satisfaction or waiver, at or before the date of each Draw Down request (the "Draw Down Exercise Date"), of each of the conditions set forth below. The conditions are for the Purchaser's sole benefit and may be waived by the Purchaser at any time in its sole discretion.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (DBS Industries Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!