Common use of Conditions Precedent to the Obligation of the Purchasers to Purchase Clause in Contracts

Conditions Precedent to the Obligation of the Purchasers to Purchase. The obligation hereunder of the Purchasers to acquire and pay for the Preferred Shares and Warrants at the Closing is subject to the satisfaction, at or before the Closing, of each of the applicable conditions set forth below. These conditions are for the Purchasers' benefit and may be waived by the Purchasers at any time in their sole discretion.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Vaxgen Inc), Securities Purchase Agreement (Chromavision Medical Systems Inc)

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Conditions Precedent to the Obligation of the Purchasers to Purchase. The obligation hereunder of the Purchasers each Purchaser, to acquire and pay for the Preferred Common Shares and Warrants at the Closing is subject to the satisfaction, at or before the Closing, of each of the applicable conditions set forth below. These conditions are for the Purchasers' such Purchaser’s benefit and may be waived by the Purchasers Purchaser at any time in their its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Star Scientific Inc)

Conditions Precedent to the Obligation of the Purchasers to Purchase. The obligation hereunder of the Purchasers to acquire and pay for the Preferred Shares and Warrants Convertible Notes at the Closing is subject to the satisfaction, at or before the Closing, satisfaction of each of the applicable conditions set forth below. These conditions are for the Purchasers' Purchasers benefit and may be waived by the Purchasers at any time in their sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Isco International Inc)

Conditions Precedent to the Obligation of the Purchasers to Purchase. The obligation hereunder of the Purchasers to acquire and pay for the Preferred Shares Debentures and Warrants at the Closing is subject to the satisfaction, at or before the Closing, of each of the applicable conditions set forth below. These conditions are for the Purchasers' benefit and may be waived by the Purchasers at any time in their sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hybrid Networks Inc)

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Conditions Precedent to the Obligation of the Purchasers to Purchase. the Shares and Warrants. The obligation hereunder of the Purchasers to acquire and pay ----------------------- for the Preferred Shares and the Warrants at the Closing to be acquired by it hereunder is subject to the satisfactionsatisfaction or waiver by the Purchasers, at or before the Closing, of each of the applicable conditions set forth below. These conditions are for the Purchasers' benefit and may be waived by the Purchasers at any time in their sole discretion.following conditions:

Appears in 1 contract

Samples: Registration Rights Agreement (Fonix Corp)

Conditions Precedent to the Obligation of the Purchasers to Purchase. The obligation of each Purchaser hereunder of the Purchasers to acquire and pay for the Preferred Shares and Warrants at the Closing is subject to the satisfactionsatisfaction or waiver (with prior written notice to the Company and each other Purchaser) by such Purchaser, at or before the Closing, of each of the applicable conditions set forth below. These conditions are for the Purchasers' benefit and may be waived by the Purchasers at any time in their sole discretion.following conditions:

Appears in 1 contract

Samples: Securities Purchase Agreement (Provident American Corp)

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