Common use of Conditions to Holder’s Obligation to Exchange Clause in Contracts

Conditions to Holder’s Obligation to Exchange. The obligation of Holder hereunder to exchange the Original Shares at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions are for Holder’s sole benefit and may be waived by Holder at any time in its sole discretion:

Appears in 2 contracts

Samples: Exchange Agreement (Jaguar Health, Inc.), Exchange Agreement (Jaguar Health, Inc.)

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Conditions to Holder’s Obligation to Exchange. The obligation of Holder hereunder to exchange the Original Exchange Securities for the Preferred Shares at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions are for Holder’s sole benefit and may be waived by Holder at any time in its sole discretion:

Appears in 1 contract

Samples: Exchange Agreement (Jaguar Health, Inc.)

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Conditions to Holder’s Obligation to Exchange. The obligation of Holder hereunder to exchange Exchange the Original Shares Prior Notes at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions are for Holder’s sole benefit and may be waived by Holder at any time in its sole discretion:

Appears in 1 contract

Samples: Exchange Agreement (China Recycling Energy Corp)

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