Common use of Conditions to Obligations of the Company and the Purchasers Clause in Contracts

Conditions to Obligations of the Company and the Purchasers. (a) The obligations of the Company to sell the Class A Units are subject to the satisfaction of the following conditions: (i) the representations and warranties of each Purchaser contained in Section 4 of this Agreement shall be true and correct on and as of the Closing Date in all respects; (ii) each Purchaser shall have entered into the LLC Agreement prior to or concurrently with the Closing; and (iii) the concurrent consummation of the Merger, pursuant to the terms of the Merger Agreement.

Appears in 4 contracts

Samples: Subscription Agreement (STR Holdings (New) LLC), Subscription Agreement (STR Holdings LLC), Subscription Agreement (STR Holdings LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!