Example ContractsClausesConditions to the Investor’s Obligation to Purchase Shares of Common Stock
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock contract clause examples

The obligation of the Investor to buy Purchase Shares under this Agreement is subject to the satisfaction or, where legally permissible, the waiver of each of the following conditions on or prior to the Commencement Date and, once such conditions have been initially satisfied, there shall not be any ongoing obligation to satisfy such conditions after the Commencement has occurred:

Conditions to Investor’s Obligation to Purchase. The obligation of Investor hereunder to purchase the Note at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions are for Investor’s sole benefit and may be waived by Investor at any time in its sole discretion:

CONDITIONS TO INVESTOR’S OBLIGATION TO PURCHASE SECURITIES. Notwithstanding anything to the contrary in this Agreement, the Company shall not be entitled to deliver a Purchase Notice and the Investor shall not be obligated to purchase any Securities at a Closing unless each of the following conditions are satisfied:

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares at the Closing is subject to the satisfaction of the following conditions:

Investor’s Conditions. The obligations of Investor to consummate the Debt Exchange and the other transactions contemplated by this Agreement shall be subject to fulfillment of the following conditions on or prior to the date of Closing:

Conditions to the Investor’s Obligations. The Investor’s obligation to purchase the Shares as set forth on the Signature Page will be subject to the completion of the Offering by the Company.

Section # Commitment Amount” shall mean the aggregate amount of up to $25,000,000 provided that the Company shall not affect any sales under this Agreement and the Investor shall not have the obligation to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase and sale the Investor’s beneficial ownership of the Shares would exceed the Ownership Limitation.

Acknowledgment Regarding Investor’s Purchase of Shares. The Company acknowledges and agrees that the Investor is acting solely in the capacity of an arm’s length purchaser with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that no Investor is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any advice given by the Investor or any of its representatives or agents in connection with this Agreement and the transactions contemplated thereby is merely incidental to the Investor’s purchase of the Shares. The Company further represents to the Investor that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

Sale and Issuance. Subject to the terms and conditions of this Agreement, each Investor, severally and not jointly, agrees to purchase at the Closing, and the Company agrees to sell and issue to such Investor at the Closing the number of units (theUnits”) set forth on such Investor’s signature page hereof at a purchase price of $7.00 per Unit. Each Unit consists of one share of the Company’s common stock, $0.0001 par value (theCommon Stock”), and a warrant (theWarrants”) to purchase 0.3 of a share of Common Stock pursuant to the form of warrant attached hereto as Exhibit A. The shares of Common Stock issued pursuant to the Units are referred to here as theShares”; the Shares, together with the Warrants, are referred to herein as theSecurities”; and the shares of Common Stock issuable upon exercise of the Warrants are referred to herein as theWarrant Shares.”

Purchase Obligation. Unless this Agreement is terminated or expires earlier, Customer shall source its and its Affiliates’ entire demands for Final Product and for Supplier Provided Bulk Products, in each case for sale during the Exclusive Purchase Period in the Territory, exclusively from Supplier and/or Supplier-designated Affiliate for a period of ​ from the Launch (theExclusive Purchase Period”) and Customer shall not, either directly or indirectly, during the Exclusive Purchase Period in the Territory, sell Final Product and/or Supplier Provided Bulk Products sourced from any party other than Supplier.

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