Limitations Upon Company’s Obligations to Purchase Sample Clauses

Limitations Upon Company’s Obligations to Purchase. If the Company is purchasing any Units or Economic Interest hereunder and it cannot satisfy the conditions precedent to acquisition of its own interests under Illinois law, or is restricted from making such purchase under any agreement with its lenders, the Company shall purchase as many Units or Economic Interest as it shall have legal capacity to purchase and the purchase commitment hereunder shall remain in effect as to any unpurchased Units or Economic Interest. If the Company is unable to complete any such purchase because it cannot satisfy the conditions for acquisition of its own interests imposed by Illinois law or by its lenders, the Members shall promptly take all reasonable and permissible actions to satisfy the requirements of Illinois law or its lenders, except that nothing herein shall require the Members to make any contribution of additional capital. Any Units or Economic Interest which the Company is unable to purchase hereunder, because of the limitations stated in this section, shall be held by the owner thereof subject to the provisions of this LLC Agreement without in any way relieving the Company of its purchase commitment or the owner thereof of the duty to sell. The purchase price of such Units or Economic Interest shall not change because of the deferred payment.
Sample 1
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Limitations Upon Company’s Obligations to Purchase. If the Company is purchasing any Units hereunder and it cannot satisfy the conditions precedent to such acquisition under Wisconsin law, or is restricted from making such purchase under any agreement with its lenders, the Company shall purchase as many Units as it shall have legal capacity to purchase and the purchase commitment hereunder shall remain in effect as to any unpurchased Units. Any Units which the Company is unable to purchase hereunder, because of the limitations stated in this section, shall be held by the owner thereof subject to the provisions of this Agreement without in any way relieving the Company of its purchase commitment or the owner thereof of the duty to sell.
Sample 1

Related to Limitations Upon Company’s Obligations to Purchase

  • Conditions to Company’s Obligations The obligations of the Company hereunder are subject to the following conditions:

  • Conditions to the Company’s Obligations The Company’s obligation to issue and sell the Units to the Investor shall be subject to: (i) the receipt by the Company of the purchase price for the Units being purchased hereunder as set forth on the Signature Page and (ii) the accuracy of the representations and warranties made by the Investor and the fulfillment of those undertakings of the Investor to be fulfilled prior to the Closing Date.

  • Conditions to Company’s Obligation to Sell The obligation of Company hereunder to issue and sell the Securities to Investor at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions:

  • Conditions to the Company’s Obligation to Sell The obligation of the Company hereunder to issue and sell the Note to the Buyer at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions thereto, provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion:

  • Conditions to the Company’s Obligation 3.2.2.1 With respect to a given Purchaser, the obligation of the Company to consummate the sale of the Subordinated Notes and to effect the Closing is subject to delivery by or at the direction of such Purchaser to the Company of this Agreement, duly authorized and executed by such Purchaser.

  • CONDITIONS TO COMPANY’S OBLIGATIONS AT THE CLOSING The Company’s obligation to complete the sale and issuance of the Securities and deliver Securities to each Purchaser, individually, as set forth in the Schedule of Purchasers at the Closing shall be subject to the following conditions to the extent not waived by the Company:

  • CONDITIONS TO THE COMPANY'S OBLIGATIONS AT CLOSING The obligations of the Company to the Purchasers under this Agreement are subject to the fulfillment or waiver, on or before the Closing, of each of the following conditions:

  • Release Upon Termination of the Company’s Obligations In the event (i) that the Company delivers to the Trustee an Officer’s Certificate and Opinion of Counsel certifying that all the Obligations under this Indenture, the Notes, the Note Guarantees and the Security Documents have been satisfied and discharged by the payment in full of the Company’s obligations under the Notes, the Note Guarantees, this Indenture and the Security Documents, and all such Obligations have been so satisfied, or (ii) a discharge, Legal Defeasance or Covenant Defeasance of this Indenture occurs under Article 8 or 14, the Trustee at the written request of the Company shall deliver to the Company and the Collateral Agent a notice stating that the Trustee, on behalf of the Holders, disclaims and gives up any and all rights it has in or to the Collateral, and any rights it has under the Security Documents, and upon receipt by the Collateral Agent of such notice, the Collateral Agent shall be deemed not to hold a Lien in the Collateral on behalf of the Trustee, and the Trustee shall do or cause to be done, at the Company’s sole cost and expense, all acts reasonably necessary to release such Lien in favor of the Trustee as soon as is reasonably practicable.

  • CONDITIONS TO COMPANY’S OBLIGATIONS HEREUNDER The obligations of the Company to the Investor hereunder are subject to the satisfaction of each of the following conditions, provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion by providing the Investor with prior written notice thereof:

  • CONDITIONS OF THE COMPANY'S OBLIGATION TO SELL The obligation hereunder of the Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each of the following conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

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