Common use of Conditions to Investor’s Obligation to Purchase Clause in Contracts

Conditions to Investor’s Obligation to Purchase. The obligation of Investor hereunder to purchase the Note 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 Investor’s sole benefit and may be waived by Investor at any time in its sole discretion: 6.1. Borrower shall have executed this Agreement, the Note and the Security Agreement and delivered the same to Investor. 6.2. Company shall have delivered to Investor a fully executed Secretary’s Certificate substantially in the form attached hereto as Exhibit C evidencing Borrower’s approval of the Transaction Documents. 6.3. Borrower shall have delivered to Investor fully executed copies of all other Transaction Documents required to be executed by Borrower herein or therein.

Appears in 1 contract

Samples: Note Purchase Agreement (Nemaura Medical Inc.)

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Conditions to Investor’s Obligation to Purchase. The obligation of Investor hereunder to purchase the Note 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 Investor’s sole benefit and may be waived by Investor at any time in its sole discretion: 6.1. Borrower Company shall have executed this Agreement, the Note Note, and the Security Agreement Escrow Agreement, and delivered the same to Investor. 6.2. Company shall have delivered to Investor a fully executed Secretary’s Certificate substantially in the form attached hereto as Exhibit C evidencing BorrowerCompany’s approval of the Transaction Documents. 6.3. Borrower Company shall have delivered or caused to be delivered to Investor fully executed copies of all other Transaction Documents required to be executed by Borrower Company herein or therein., including without limitation, each subsidiary Acknowledgement and Consent substantially in the forms attached hereto as Exhibit D.

Appears in 1 contract

Samples: Forbearance and Line of Credit Agreement (Orbital Infrastructure Group, Inc.)

Conditions to Investor’s Obligation to Purchase. The obligation of Investor hereunder to purchase the Note 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 Investor’s sole benefit and may be waived by Investor at any time in its sole discretion: 6.1. Borrower shall have executed this Agreement, the Note Security Agreement, and the Security Agreement Note, and delivered the same to Investor. 6.2. Company shall have delivered to Investor a fully executed Secretary’s Certificate substantially in the form attached hereto as Exhibit C E evidencing Borrower’s approval of the Transaction Documents. 6.3. Borrower shall have delivered to Investor fully executed copies of all other Transaction Documents required to be executed by Borrower herein or therein.

Appears in 1 contract

Samples: Note Purchase Agreement (Nemaura Medical Inc.)

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Conditions to Investor’s Obligation to Purchase. The obligation of Investor hereunder to purchase the Note 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 Investor’s sole benefit and may be waived by Investor at any time in its sole discretion: 6.1. Borrower Company shall have executed this Agreement, the Note Security Agreement, and the Security Agreement Note, and delivered the same to Investor. 6.2. Company shall have delivered to Investor a fully executed Secretary’s Certificate Unanimous Written Consent of the Board of Directors substantially in the form attached hereto as Exhibit C evidencing Borrowerthe board’s approval of the Transaction Documents. 6.3. Borrower Company shall have delivered to Investor fully executed copies of all other Transaction Documents required to be executed by Borrower Company herein or therein.

Appears in 1 contract

Samples: Note Purchase Agreement (IMAC Holdings, Inc.)

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