Common use of Conditions to the Investor’s Obligations Clause in Contracts

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 8 contracts

Samples: Subscription Agreement (CytoDyn Inc.), Subscription Agreement (CytoDyn Inc.), Subscription Agreement (CytoDyn Inc.)

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Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 7 contracts

Samples: Tecogen Inc., Tonix Pharmaceuticals Holding Corp., Tecogen Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 5 contracts

Samples: Subscription Agreement (Uni-Pixel), Form of Subscription Agreement (Oxygen Biotherapeutics, Inc.), CorMedix Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 5 contracts

Samples: Subscription Agreement (Capstone Turbine Corp), Subscription Agreement (Savient Pharmaceuticals Inc), Subscription Agreement (Cytokinetics Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 4 contracts

Samples: Subscription Agreement (NovaBay Pharmaceuticals, Inc.), Subscription Agreement (New Generation Biofuels Holdings, Inc), Subscription Agreement (NovaBay Pharmaceuticals, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 4 contracts

Samples: Conformis Inc, Great Basin Scientific, Inc., Great Basin Scientific, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 3 contracts

Samples: Placement Agency Agreement (American Dg Energy Inc), Subscription Agreement (American Dg Energy Inc), Placement Agency Agreement (Hudson Technologies Inc /Ny)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below. In addition, the Investor’s obligation to purchase the Securities will be subject to the condition that NASDAQ determine that the Offering qualifies as a “public offering” pursuant to NASDAQ Marketplace Rule 5635(d) and NASDAQ Interpretation IM-5635-3.

Appears in 3 contracts

Samples: Great Basin Scientific, Inc., Great Basin Scientific, Inc., Great Basin Scientific, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and the Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and the Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 3 contracts

Samples: Catalyst Pharmaceutical Partners, Inc., Lucas Energy, Inc., Nile Therapeutics, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 3 contracts

Samples: Subscription Agreement (Fuel Systems Solutions, Inc.), Subscription Agreement (Phoenix Technologies LTD), Subscription Agreement (Siga Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 3 contracts

Samples: Subscription Agreement (Lpath, Inc), Subscription Agreement (Lpath, Inc), Subscription Agreement (Lpath, Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 3 contracts

Samples: Subscription Agreement, Subscription Agreement (CytoDyn Inc.), Subscription Agreement (CytoDyn Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Underwriting Agreement, and to the condition that the Placement Agent Underwriter shall not have: (a) terminated the Placement Underwriting Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Underwriting Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors Investor of the Shares and Warrants that they have such Other Investor has agreed to purchase from the Company, but are explicitly conditioned on the purchase by Investors and sale by the Company of not less than _________ Shares in the offering. The Investor understands and agrees that, in the event that the Placement Agent Underwriter in its sole discretion determines that the conditions to closing in the Placement Underwriting Agreement have not been satisfied or if the Placement Underwriting Agreement may be terminated for any other reason permitted by such Placement Underwriting Agreement, then the Placement Agent Underwriter may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 2 contracts

Samples: Subscription Agreement (Aegis Identity Software, Inc.), Subscription Agreement (Aegis Identity Software, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Notes will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that LCM, on behalf of the Placement Agent Agents, shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Notes that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that LCM, in behalf of the Placement Agent Agents, in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent LCM may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Agent Agreement (Harvest Natural Resources, Inc.), Subscription Agreement (Harvest Natural Resources, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Firm Securities will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Firm Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: International Stem Cell CORP, International Stem Cell CORP

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreementthereby, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Subscription Agreement (Wireless Ronin Technologies Inc), Subscription Agreement (Wireless Ronin Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Underwriting Agreement, and to the condition that the Placement Agent Underwriter shall not have: (a) terminated the Placement Underwriting Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Underwriting Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors Investor of the Shares and Warrants that they have such Other Investor has agreed to purchase from the Company, but are explicitly conditioned on the purchase by Investors and sale by the Company of not less than Shares in the offering. The Investor understands and agrees that, in the event that the Placement Agent Underwriter in its sole discretion determines that the conditions to closing in the Placement Underwriting Agreement have not been satisfied or if the Placement Underwriting Agreement may be terminated for any other reason permitted by such Placement Underwriting Agreement, then the Placement Agent Underwriter may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 2 contracts

Samples: Subscription Agreement (Eco Innovation Group, Inc.), Subscription Agreement (FilmOn.TV Networks Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company in this Agreement and the fulfillment of those undertakings of the Company in this Agreement to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Subscription Agreement (Lpath, Inc), Subscription Agreement (Lpath, Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Clean Diesel Technologies Inc, Intellipharmaceutics International Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Units and the Selling Stockholder Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the Selling Stockholders and the fulfillment of those undertakings of the Company and the Selling Stockholders to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Units and the Selling Stockholder Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Subscription Agreement (Coffee Holding Co Inc), Subscription Agreement (Coffee Holding Co Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, Agreement and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Great Basin Scientific, Inc., Great Basin Scientific, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including including, without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agent, in its sole discretion discretion, determines that the conditions to closing of the Offering set forth in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 2 contracts

Samples: Form of Subscription Agreement (Delcath Systems, Inc.), Form of Subscription Agreement (Delcath Systems, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of (x) the representations and warranties made by the Company in the Agreements and the fulfillment Placement Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date and the Company shall have fulfilled those undertakings of the Company required to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition (y) that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Xxxx in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Xxxx may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below. In addition, the Investor’s obligation to purchase the Units will be subject to the condition that NASDAQ determine that the Offering qualifies as a “public offering” pursuant to NASDAQ Marketplace Rule 5635(d) and NASDAQ Interpretation IM-5635-3.

Appears in 1 contract

Samples: Subscription Agreement (Ocean Power Technologies, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement and the receipt of the Investor’s Leak-Out Agreement, substantially in the form of Exhibit D attached hereto, duly executed by the Company, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Great Basin Scientific, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Stock will be subject to the accuracy of the representations and warranties made by the Company and the Selling Shareholders and the fulfillment of those undertakings of the Company and the Selling Shareholders to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent RBC shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Stock that they have agreed to purchase from the CompanyCompany and the Selling Shareholders. The Investor understands and agrees that, in the event that the Placement Agent RBC in its sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (interCLICK, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to (I) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those Date that are contained in the Placement Agreement and the Subscription Agreement, (II) to the condition that on the Closing Date, the Registration Statement shall be effective and no stop order shall have been issued by the Securities and Exchange Commission with respect to the Registration Statement, and (III) to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company or the issuance of any minimum amount of Units by the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Unit Subscription Agreement (Chelsea Therapeutics International, Ltd.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to (i) the delivery by the Company of the Shares in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, (iii) the satisfaction of the conditions to the closing set forth in the Placement Agreement, and to the condition that the Placement Agent Canaccord, as lead placement agent, shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Canaccord, as lead placement agent, may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Dakota Plains Holdings, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of (x) the representations and warranties made by the Company in the Agreement and the fulfillment Placement Agreement shall be true and correct as of the date hereof and as of the Closing Date and the Company shall have fulfilled those undertakings of the Company required to be fulfilled prior to the Closing Date, including without limitation, those contained as set forth in the Placement Agreement, and to the condition (y) that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agent, in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Avino Silver & Gold Mines LTD)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company in this Agreement and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agency Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Biodel Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the neither Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the either Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the such Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Fuelcell Energy Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Xxxxxxx shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Xxxxxxx in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Xxxxxxx may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Electro Optical Sciences Inc /Ny)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreementthereby, then the Placement Agent Agents may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 15 below.

Appears in 1 contract

Samples: Subscription Agreement (Wireless Ronin Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and the Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and the Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 15 below.

Appears in 1 contract

Samples: Speed Commerce, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Underwriting Agreement, and to the condition that the Placement Agent Underwriter shall not have: (a) terminated the Placement Underwriting Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Underwriting Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors Investor of the Shares and Warrants that they have such Other Investor has agreed to purchase from the Company, but are explicitly conditioned on the purchase by Investors and sale by the Company of not less than 1,000,000 Shares in the offering. The Investor understands and agrees that, in the event that the Placement Agent Underwriter in its sole discretion determines that the conditions to closing in the Placement Underwriting Agreement have not been satisfied or if the Placement Underwriting Agreement may be terminated for any other reason permitted by such Placement Underwriting Agreement, then the Placement Agent Underwriter may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 1 contract

Samples: Subscription Agreement (Code Rebel Corp)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing Closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing Closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Agreement may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Titan Pharmaceuticals Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Peregrine Pharmaceuticals Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and and, if applicable, the Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and and, if applicable, the Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 15 below.

Appears in 1 contract

Samples: Atossa Genetics Inc

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agency Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agency Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agency Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agency Agreement have not been satisfied or if the Placement Agency Agreement may be terminated for any other reason permitted by such the Placement Agency Agreement, then the Placement Agent may, but shall not be obligated to, terminate such the Placement Agency Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 I below.

Appears in 1 contract

Samples: Placement Agency Agreement (Amicus Therapeutics Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date[, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. .] The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. [The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.]

Appears in 1 contract

Samples: Subscription Agreement (CytoDyn Inc.)

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Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the placement agreement in connection with the offering (the “Placement Agreement Agreement”) pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (DelMar Pharmaceuticals, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to (i) the delivery by the Company of the Units in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to (iii) the condition that the Placement Agent Agents shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Columbia Laboratories Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be Units is subject to (i) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitationthe representations and warranties and undertakings of the Company in the Placement Agreement, those (ii) the satisfaction of the conditions contained in the Placement Agreement, (iii) the Placement Agreement being in full force and to the condition that effect and not having been terminated and (iv) the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) having determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 1 contract

Samples: Subscription Agreement (Uqm Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including including, without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agent, in its sole discretion discretion, determines that the conditions to closing of the Offering set forth in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Augme Technologies, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to (i) the delivery by the Company of the Units in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to (iii) the condition that the Placement Agent shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Arrowhead Research Corp)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to (i) the accuracy of the representations and warranties made by the Company in this Agreement and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition (ii) that the Placement Agent shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Form of Subscription Agreement (Athersys, Inc / New)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agents in its their sole discretion determines determine that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agents may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 15 below.

Appears in 1 contract

Samples: Subscription Agreement (Raser Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s 's obligation to purchase the Common Shares and Warrants will be subject to the accuracy of (x) the representations and warranties made by the Company in the Agreement and the fulfillment Placement Agreement shall be true and correct as of the date hereof and as of the Closing Date and the Company shall have fulfilled those undertakings of the Company required to be fulfilled prior to the Closing Date, including without limitation, those contained as set forth in the Placement Agreement, and to the condition (y) that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agent, in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Avino Silver & Gold Mines LTD)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to (i) the delivery by the Company of the Shares in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to (iii) the condition that the Placement Agent shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Air Industries Group)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent LCM in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Ariad Pharmaceuticals Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 15 below.

Appears in 1 contract

Samples: Subscription Agreement (Biodel Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and the Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and the Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole reasonable discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Somaxon Pharmaceuticals, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to (i) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement AgreementAgreement and (ii) the delivery of a legal opinion by Sxxxxx Xxxxxx LLP in form and substance reasonably acceptable to the Investor, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Moleculin Biotech, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including including, without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that Xxxx, as representative of the Placement Agent Agents, in its sole discretion determines that the conditions to closing of the Offering set forth in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Xxxx may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Placement Agent Agreement (Ym Biosciences Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be Units is subject to (i) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitationthe representations and warranties and undertakings of the Company in the Placement Agreement, those (ii) the satisfaction of the conditions contained in the Placement Agreement, (iii) the Placement Agreement being in full force and to the condition that effect and not having been terminated and (iv) the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) having determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 1 contract

Samples: Subscription Agreement (Cereplast Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to (i) the delivery by the Company of the Securities in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, (iii) the satisfaction of the conditions to the closing set forth in the Placement Agreement, and to the condition that the Placement Agent Agent, shall not have: (ax) terminated the Placement Agreement pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Agent, in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (GreenHunter Resources, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Remark Media, Inc.

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Representative in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agent Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent Representative may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Curis Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants LP Units will be subject to (i) the delivery by the Partnership of the LP Units in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company Partnership and the fulfillment of those undertakings of the Company Partnership to be fulfilled prior to the Closing Date, including without limitation, those in each case as contained in the Placement this Agreement, and to (iii) the condition that the Placement Agent shall not have: (ax) terminated the Placement Agreement Agency Agreement, dated April 24, 2019 (the “Placement Agreement”) pursuant to the terms thereof or (by) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants LP Units that they have agreed to purchase from the CompanyPartnership. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Placement Agent Agent, may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 13 below.

Appears in 1 contract

Samples: Agency Agreement (PBF Logistics LP)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfiedsatisfied (or waived by the Placement Agent). The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Form of Subscription Agreement (Bionovo Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to (i) the delivery by the Company of the Shares in accordance with the provisions of this Agreement, (ii) the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, (iii) the satisfaction of the conditions to the closing as set forth in the Placement Agreement, and to the condition that none of the Placement Agent Agents shall not have: (a) have terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfiedthereof. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreementagreement, then the such Placement Agent may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (BPZ Resources, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreementthereby, then the Placement Agent may, but shall not be obligated to, terminate such Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Wireless Ronin Technologies Inc)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Placement Agent shall not have: (a) terminated the Placement Agreement pursuant to the terms thereof or (b) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent LCM in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such Placement Agreement, then the Placement Agent LCM may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Form of Subscription Agreement (Cyclacel Pharmaceuticals, Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Units will be subject to the accuracy of the representations and warranties made by the Company and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and to the condition that the Representative or the Placement Agent Agents shall not have: (ai) terminated the Placement Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Units that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Representative in its sole discretion determines that the conditions to closing in the Placement Agreement have not been satisfied or if the Placement Agreement may be terminated for any other reason permitted by such the Placement Agreement, then the Representative or the Placement Agent Agents, as the case may be, may, but shall not be obligated to, terminate such the Placement Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Alexza Pharmaceuticals Inc.)

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares and Warrants Securities will be subject to the accuracy of the representations and warranties made by the Company in this Agreement and the fulfillment of those undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agency Agreement, and to the condition that the Placement Agent Xxxxx shall not have: (ai) terminated the Placement Agency Agreement pursuant to the terms thereof or (bii) determined that the conditions to the closing in the Placement Agency Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the Other Investors of the Shares and Warrants Securities that they have agreed to purchase from the Company. The Investor understands and agrees that, in the event that the Placement Agent Xxxxx in its sole discretion determines that the conditions to closing in the Placement Agency Agreement have not been satisfied or if the Placement Agency Agreement may be terminated for any other reason permitted by such the Placement Agency Agreement, then the Placement Agent Xxxxx may, but shall not be obligated to, terminate such Agreement, which shall have the effect of terminating this Subscription Agreement pursuant to Section 14 below.

Appears in 1 contract

Samples: Subscription Agreement (Biodelivery Sciences International Inc)

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