Common use of CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE Clause in Contracts

CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE. The obligation of the Buyer hereunder to purchase the Debenture at Pre-Closing is subject to the satisfaction, of the following conditions: (a) The Company shall have executed this Agreement and delivered the same to the Buyer. (b) No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated herein which prohibits the consummation of any of the transactions contemplated by this Agreement. (c) The Company shall have received funds from the Buyer representing the Purchase Price in an amount equal to the Subscription Amount.

CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE. The obligation of the Buyer hereunder to purchase the Debenture at Pre-Closing is subject to the satisfaction, of the following conditions: (a) The Company shall have executed this Agreement and delivered the same to the Buyer. (b) No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated herein which prohibits the consummation of any of the transactions contemplated by this Agreement. (c) The Company shall have received funds from the Buyer representing the Purchase Price in an amount equal to the Subscription Amount.