Common use of Conditions to the Purchasers’ Obligation Clause in Contracts

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction or delivery by or at the direction of the Company to such Purchaser, (or, with respect to the Settlement Agent Agreement, the Settlement Agent, and with respect to the opinions of counsel, the Placement Agent) on or prior to the Closing Date, of each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc)

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Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction or delivery by or at the direction of the Company to such Purchaser, Purchaser (or, with respect to the Settlement Agent Agreement, the Settlement Agent, and with respect to the opinions of counsel, the Placement Agent) ), on or prior to the Closing Date, of each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Union Bankshares Inc)

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction or delivery by or at the direction of the Company to such Purchaser, (Purchaser or, with respect to the Settlement Paying Agent Agreement, the Settlement Paying Agent, and with respect to the opinions opinion of counsel, the Placement Agent) ), on or prior to the Closing Date, of each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Heritage Commerce Corp)

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction or delivery by or at the direction of the Company to such Purchaser, Purchaser (or, with respect to the Settlement Agent Paying Agency Agreement, the Settlement Agent, and with respect to the opinions of counsel, the Placement Paying Agent) on or prior to the Closing Date, Date of each of the following (unless or written waiver by such Purchaser shall have waived prior to the Closing of such satisfaction or delivery):

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (MainStreet Bancshares, Inc.)

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Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Subordinated Senior Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction of or delivery by or at the direction of the Company to such Purchaser, Purchaser (or, with respect to the Settlement Paying Agent Agreement, the Settlement Paying Agent, and with respect to the opinions of counsel, the Placement Agent) Agents), on or prior to the Closing Date, of each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Patriot National Bancorp Inc)

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