AGREEMENT TO PURCHASE; LIMITS ON PURCHASERS' OBLIGATIONS Sample Clauses

AGREEMENT TO PURCHASE; LIMITS ON PURCHASERS' OBLIGATIONS. Subject to and upon the terms and conditions of this Agreement, from time to time prior to the Termination Date, (a) Seller may request that each Purchaser, ratably in accordance with such Purchaser's Pro Rata Share, purchase from Seller an undivided ownership interest in the Pool Assets specified in each applicable Purchase Notice and (b) each Purchaser severally agrees to purchase its respective Pro Rata Share of such undivided ownership interest in the Pool Assets (each being a "Purchase"); provided that no Purchase shall be funded by the Purchasers if, after giving effect thereto, either (y) the then Capital would exceed an amount equal to $200,000,000, as such amount may be decreased from time to time as provided in Section 1.5 (the "Facility Limit"), or (z) the Receivable Interest would exceed 100% (the "Allocation Limit"); and provided further that each Purchase made pursuant to this Section 1.1 shall require a funding of Capital of at least $1,000,000.
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Related to AGREEMENT TO PURCHASE; LIMITS ON PURCHASERS' OBLIGATIONS

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

  • Conditions to Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Securities at the Closing is subject to the satisfaction, on or before the Closing Date, of each of the following conditions, provided that these conditions may be waived by the Purchaser at any time in its sole discretion:

  • Conditions to Purchaser’s Obligation to Close The obligation of Purchaser to Close under this Agreement is subject to each of the following conditions (any one of which may, at the option of Purchaser, be waived in writing by Purchaser) existing on the date of this Agreement, or such earlier date as the context may require.

  • Conditions to Purchasers’ Obligations at the Closing Purchasers' obligations to purchase the Shares at the Closing are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • CONDITIONS TO EACH PURCHASER'S OBLIGATION TO PURCHASE 7.1 The obligation of each Purchaser hereunder to purchase the Common Shares and Warrants to be purchased by it on the date of the Closing is subject to the satisfaction of each of the following conditions, provided that these conditions are for each Purchaser’s sole benefit and may be waived by such Purchaser at any time in such Purchaser’s sole discretion:

  • Conditions to Purchaser’s Obligations The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the satisfaction (unless waived in writing by Purchaser) of each of the following conditions on or prior to the Closing Date:

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

  • Conditions to the Purchaser’s Obligations The obligations of the Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Purchaser in writing) of the following conditions as of the Closing Date:

  • Conditions Precedent to Purchaser’s Obligations The obligations of Purchaser hereunder to consummate the transaction contemplated hereunder shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing, any of which may be waived by Purchaser in its sole discretion by written notice to Seller at or prior to the Closing Date:

  • Conditions to the Purchasers’ Obligations at Closing The obligations of the Purchaser to purchase Shares at the Closing are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived:

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