Common use of CONDITIONS TO PURCHASE Clause in Contracts

CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December 31, 1996. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (3 Dimensional Pharmaceuticals Inc)

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CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December 31, 1996. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof hereof, the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received an opinion of Seller's counsel, substantially in the form attached hereto as Exhibit B. (i) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Sale and Leaseback Agreement (Dyax Corp)

CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, business prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December January 31, 19961995. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (Lightspan Partnership Inc)

CONDITIONS TO PURCHASE. The obligation obigation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December January 31, 19961995. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (Lightspan Partnership Inc)

CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December 31September 30, 19961997. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received an opinion of Seller's counsel, substantially in the form attached hereto as Exhibit B. (i) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Sale and Leaseback Agreement (Progenitor Inc)

CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx Bill of Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December January 31, 19961995. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (Lightspan Partnership Inc)

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CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December January 31, 19961995. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (Lightspan Partnership Inc)

CONDITIONS TO PURCHASE. The obligation Obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Bill xx Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December January 31, 19961995. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Master Lease Agreement (Lightspan Partnership Inc)

CONDITIONS TO PURCHASE. The obligation of the Buyer to purchase ---------------------- the Equipment is subject to the following conditions: (a) The Buyer shall have received this Agreement, duly executed by the Seller. (b) The Buyer shall have received the Xxxx of Sale, duly executed by the Seller. (c) The Buyer shall have received the Lease, duly executed by the Seller. (d) The Buyer shall have received resolutions of the Board of Directors of the Seller approving and authorizing the execution, delivery and performance by the Seller of this Agreement, the Lease and the notices and other documents to be delivered by the Seller hereunder and thereunder (collectively, the "Sale and Leaseback Documents"). (e) The Buyer shall have received the certificate of title or similar evidence of ownership with respect to each item of Equipment and Uniform Commercial Code financing statements covering the Equipment in form and substance satisfactory to the Buyer, duly executed by the Seller. (f) No material adverse change has occurred with respect to the business, prospects, properties, results of operations, assets, liabilities or condition (financial or otherwise) of the Seller and its affiliates, taken as a whole, since December 31, 1996. (g) The Buyer shall have received all warranties and other documentation received or executed by Seller in connection with the original acquisition of the Equipment by the Seller (and by its execution hereof hereof, the Seller hereby assigns to the Buyer all such warranties and other Documentation). (h) The Buyer shall have received an opinion of Seller's counsel, substantially in the form attached hereto as Exhibit B. (i) The Buyer shall have received such other approvals, opinions or documents as the Buyer may reasonably request.

Appears in 1 contract

Samples: Sale and Leaseback Agreement (Dyax Corp)

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