Common use of Mutual Conditions of Closing Clause in Contracts

Mutual Conditions of Closing. The obligations of the Company and the Investor to consummate the transactions contemplated hereby is subject to the satisfaction, or written waiver from the Company and the Investor, of the following conditions precedent: (a) there shall not be any Law in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated by this Agreement, and no action, suit, investigation or proceeding pending by a Governmental Entity of competent jurisdiction that seeks such Law; (b) the issue and delivery of the Subject Shares shall be exempt from the requirement to file a prospectus or registration statement and there shall be no requirement to deliver an offering memorandum under applicable securities Law relating to the issuance and delivery of the Subject Shares; and (c) the Investor and the Company shall have executed and delivered the Investor Agreement.

Mutual Conditions of Closing. The obligations of the Company and the Investor Purchaser to consummate the transactions contemplated hereby to be consummated at the Closing is subject to the satisfaction, or mutual written waiver from the Company and the Investorwaiver, of the following conditions precedent: (a) there There shall not be any Law or Governmental Order in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated by this Agreement, and no action, suit, investigation or proceeding pending by a Governmental Entity of competent jurisdiction that seeks such Law;a Governmental Order; and (b) the The issue and delivery sale of the Subject Shares shall be exempt from the requirement to file a prospectus or registration statement and there shall be no requirement to deliver an offering memorandum under applicable securities Law relating to the issuance and delivery sale of the Subject Shares; and (c) the Investor and the Company shall have executed and delivered the Investor Agreement.

Mutual Conditions of Closing. The obligations of the Company and the Investor Purchaser to consummate the transactions contemplated hereby to be consummated at the Closing is subject to the satisfaction, or mutual written waiver from the Company and the Investorwaiver, of the following conditions precedent: : (a) there There shall not be any Law or Governmental Order in effect that enjoins, prohibits or materially alters the terms of the transactions contemplated by this Agreement, and no action, suit, investigation or proceeding pending by a Governmental Entity Authority of competent jurisdiction that seeks such Law; a Governmental Order; and (b) the The issue and delivery sale of the Subject Shares shall be exempt from the requirement to file a prospectus or registration statement and there shall be no requirement to deliver an offering memorandum under applicable securities Law relating to the issuance and delivery sale of the Subject Shares; and (c) the Investor and the Company shall have executed and delivered the Investor Agreement.