Selling Period Obligation. The Investor's obligation to purchase shares of the Company's Common Stock shall be null and void if (i) a Blocking Event occurs (as provided in Section 2.4); or (ii) the remaining Selling Period Obligation multiplied by the Purchase Price is less than $100,000. The Investor may waive, in its sole discretion, in whole or in part, the limitations on the Investor's obligations to purchase shares of Common Stock contained in this Section 2.2(a).
Appears in 2 contracts
Samples: Stand by Purchase Agreement (Onyx Software Corp/Wa), Stand by Purchase Agreement (Mgi Pharma Inc)
Selling Period Obligation. The Investor's obligation to purchase shares of the Company's Common Stock shall be null and void if (i) a Blocking Event occurs (as provided in Section 2.4); or (ii) the remaining Selling Period Obligation multiplied by the Purchase Price is less than $100,00050,000. The Investor may waive, in its sole discretion, in whole or in part, the limitations on the Investor's obligations to purchase shares of Common Stock contained in this Section 2.2(a).
Appears in 2 contracts
Samples: Stand by Purchase Agreement (Axonyx Inc), Stand by Purchase Agreement (Triangle Pharmaceuticals Inc)
