Common use of Conditions Precedent to a Draw Down Clause in Contracts

Conditions Precedent to a Draw Down. The right of the Company to deliver a Draw Down Notice and the obligation of the Investor to accept a Draw Down Notice and to acquire and pay for the Shares in accordance therewith is subject to the satisfaction, at each Draw Down Exercise Date and at each Settlement Date (except as otherwise expressly set forth below), of each of the conditions set forth in this Section 7.2.

Appears in 13 contracts

Samples: Common Stock Purchase Agreement (Terra Tech Corp.), Common Stock Purchase Agreement (American Petro-Hunter Inc), Common Stock Purchase Agreement (Santo Mining Corp.)

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Conditions Precedent to a Draw Down. The right of the Company to deliver a Draw Down Notice and the obligation of the Investor to accept a Draw Down Notice and to acquire and pay for the Shares in accordance therewith is subject to the satisfaction, at each Draw Down Exercise Date and at each Settlement Date (except as otherwise expressly set forth below)Date, of each of the conditions set forth in this Section 7.2.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Bioheart, Inc.), Common Stock Purchase Agreement (Bioheart, Inc.)

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Conditions Precedent to a Draw Down. The right of the Company to deliver a Draw Down Notice and the obligation of each of the Investor Investors to accept a Draw Down Notice and to acquire and pay for its Pro Rata Amount of the Shares in accordance therewith is subject to the satisfaction, at each Draw Down Exercise Date and at each Settlement Date (except as otherwise expressly set forth below), of each of the conditions set forth in this Section 7.2.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Liquidmetal Technologies Inc)

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