RELEASE FROM REQUIREMENTS OBLIGATION Sample Clauses

RELEASE FROM REQUIREMENTS OBLIGATION. Technologies shall have no obligation pursuant to Section 2.2 to purchase its requirements for Product from Collagen in the event that: (i) Collagen shall fail to deliver Product within ninety (90) days of Collagen's receipt of a firm purchase order issued by Technologies and acknowledged by Collagen (unless the scheduled delivery date set forth in such purchase order is more than ninety (90) days from Collagen's receipt thereof) or shall fail on two (2) consecutive occasions or three (3) occasions in any one hundred eighty (180) day period to deliver Product within fifteen (15) days of the scheduled delivery date therefor as set forth in a firm purchase order issued by Technologies and acknowledged by Collagen; (ii) Collagen shall have manufactured any Product not in conformance with Section 4.3, except as otherwise requested by Technologies; or (iii) the quantity of Product supplied by Collagen is not sufficient to meet Technologies' Requirements. [*] Application for an order granting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934 has been made. Confidential portions of this document have been redacted and marked with an [*] and have been filed with the Securities and Exchange Commission separately with such application.
Sample 1
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RELEASE FROM REQUIREMENTS OBLIGATION. Technologies shall have no obligation pursuant to Section 2.5 to purchase its requirements for Specified Materials and Products from Collagen in the event that: (i) Collagen shall fail to deliver any such Specified Materials or Products within ninety (90) days of Collagen's receipt of a firm purchase order issued by Technologies and acknowledged by Collagen (unless the scheduled delivery date set forth in such purchase order is more than ninety (90) days from Collagen's receipt thereof) or shall fail on two (2) consecutive occasions or three (3) occasions in any one hundred eighty (180) day period to deliver such Specified Materials or Products within fifteen (15) days of the scheduled delivery date therefor as set forth in a firm purchase order issued by Technologies and acknowledged by Collagen; (ii) Collagen shall have manufactured any Specified Materials and/or Products not in conformance with Section 4.3, except as otherwise requested by Technologies; or (iii) the quantity in the aggregate, of Specified Materials and Products shall exceed the Supply Obligation, and Collagen shall not agree to supply any such excess Specified Materials or Products.
Sample 1

Related to RELEASE FROM REQUIREMENTS OBLIGATION

  • Conditions to MLV’s Obligations The obligations of MLV hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by MLV of a due diligence review satisfactory to it in its reasonable judgment, and to the continuing satisfaction (or waiver by MLV in its sole discretion) of the following additional conditions:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • 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 Seller's Obligation To Sell Seller's obligation to sell the Debentures is conditioned upon:

  • Conditions to Buyer’s Obligation The obligation of Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction 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 PRECEDENT TO THE COMPANY’S OBLIGATIONS 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 Seller’s Obligations The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Obligation of the Purchaser The obligation of the Purchaser to purchase the Receivables from the Seller on the Closing Date is subject to the satisfaction of the following conditions:

  • Conditions to the Agent’s Obligations The obligations of the Agent hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein (other than those representations and warranties made as of a specified date or time), to the due performance in all material respects by the Company of its obligations hereunder, to the completion by the Agent of a due diligence review satisfactory to it in its reasonable judgment, and to the continuing reasonable satisfaction (or waiver by the Agent in its sole discretion) of the following additional conditions:

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