Common use of Conditions to Obligation Clause in Contracts

Conditions to Obligation. The obligations of Executive with respect to --- ------------------------- the Approved Sale are subject to the satisfaction of the following conditions: (i) upon the consummation of the Approved Sale, Executive shall receive the same form of consideration and the same portion of the aggregate consideration that Executive would have received if such aggregate consideration had been distributed by the Company in complete liquidation pursuant to the rights and preferences set forth in the Company's Certificate of Incorporation as in effect immediately prior to the consummation of the Approved Sale; (ii) if any other holder of capital stock of the Company is given an option as to the form and amount of consideration to be received, Executive shall be given the same option.

Conditions to Obligation. The obligations of Executive Investor with respect to --- ------------------------- -------------------------- the Approved Sale are subject to the satisfaction of the following conditions: (i) upon the consummation of the Approved Sale, Executive Investor shall receive the same form of consideration and the same portion of the aggregate consideration that Executive Investor would have received if such aggregate consideration had been distributed by the Company in complete liquidation pursuant to the rights and preferences set forth in the Company's Certificate of Incorporation as in effect immediately prior to the consummation of the Approved Sale; (ii) if any other holder of capital stock of the Company is given an option as to the form and amount of consideration to be received, Executive Investor shall be given the same option.

Conditions to Obligation. The obligations of Executive with -------------------------- respect to --- ------------------------- the Approved Sale are subject to the satisfaction of the following conditions: (i) upon the consummation of the Approved Sale, Executive shall receive the same form of consideration and the same portion of the aggregate consideration that Executive would have received if such aggregate consideration had been distributed by the Company in complete liquidation pursuant to the rights and preferences set forth in the Company's Certificate of Incorporation as in effect immediately prior to the consummation of the Approved Sale; (ii) if any other holder of capital stock of the Company is given an option as to the form and amount of consideration to be received, Executive shall be given the same option.