Common use of Conditions Precedent to the Obligation of the Company to Sell the Drawdown Shares Clause in Contracts

Conditions Precedent to the Obligation of the Company to Sell the Drawdown Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Drawdown Shares to the Buyer is subject to the satisfaction or waiver, at or before the Initial Closing, and as of each Settlement Date of each of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company in writing at any time in its sole discretion.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Ambient Water Corp), Securities Purchase Agreement (Ambient Water Corp), Securities Purchase Agreement (Ambient Water Corp)

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