Common use of Conditions to the Buyer’s Obligation to Exchange Clause in Contracts

Conditions to the Buyer’s Obligation to Exchange. The obligation of the Holder hereunder to exchange the Convertible Notes for the New Notes at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions, provided that these conditions are for the Holder’s sole benefit and may be waived by the Holder at any time in its sole discretion by providing the Company with prior written notice thereof:

Appears in 5 contracts

Samples: Exchange Agreement (Smith & Wesson Holding Corp), Exchange Agreement (Smith & Wesson Holding Corp), Exchange Agreement (Smith & Wesson Holding Corp)

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Conditions to the Buyer’s Obligation to Exchange. The obligation of the Holder Buyer hereunder to exchange the Convertible Notes Note for the New Notes Purchased Debt at the Closing is subject to the satisfaction, at or before the Closing Date, Date of each of the following conditions, provided that these conditions are for the HolderBuyer’s sole benefit and may be waived by the Holder Buyer at any time in its sole discretion by providing the Company with prior written notice thereofdiscretion:

Appears in 3 contracts

Samples: Securities Exchange Agreement (Well Power, Inc.), Securities Exchange Agreement (Efactor Group Corp.), Securities Exchange Agreement (Veriteq)

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