Common use of Conditions to Obligations of the Company at the Initial Grant Funding Clause in Contracts

Conditions to Obligations of the Company at the Initial Grant Funding. The obligation of the Company to consummate the transactions which pursuant to the terms hereof shall be effected at the Initial Alliance Grant Funding is subject to the satisfaction or waiver at the Initial Alliance Grant Funding of the conditions set forth below. The benefit of these conditions is for the Company only and may be waived in writing by the Company at any time in its sole discretion.