Common use of Conditions Precedent to the Obligation Clause in Contracts

Conditions Precedent to the Obligation. of the Company to Sell the Preferred Shares. The obligation hereunder of the Company to issue and/or sell the Preferred Shares to the Investor at a Put Closing, or the First Call Closing or Second Call Closing (each a "Closing") is subject to the satisfaction, at or before such Closing, as the case may be, of each of the applicable conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

Appears in 2 contracts

Samples: Put and Call Agreement (Secure Computing Corp), Put and Call Agreement (Secure Computing Corp)

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Conditions Precedent to the Obligation. of the Company to Sell the Preferred SharesShares and Warrants. The obligation hereunder of the Company to issue and/or sell the Preferred Shares and the Warrants to the Investor at a Put Closing, or the First Call Closing or Second Call Closing (each a "Closing") is subject to the satisfaction, at or before such the Closing, as the case may be, of each of the applicable conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc)

Conditions Precedent to the Obligation. of the Company to Sell the Preferred Shares. The obligation hereunder of the Company to issue and/or sell the Preferred Shares to the Investor Investors at a Put Closing, or the First Call Closing or Second Call Closing (each a "Closing"unless otherwise specified) is subject to the satisfaction, at or before such the Closing, as the case may be, of each of the applicable conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

Appears in 1 contract

Samples: Preferred Stock Investment Agreement (General Magic Inc)

Conditions Precedent to the Obligation. of the Company to Sell the Preferred SharesShares and Warrants. The obligation hereunder of the Company to issue and/or sell the Preferred Shares and Warrants to the Investor at a Put Closing, or the First Call Closing or Second Call Closing (each a "Closing") is subject to the satisfaction, at or before such the Closing, as the case may be, of each of the applicable conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

Appears in 1 contract

Samples: Preferred Stock Investment Agreement (Stan Lee Media Inc)

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Conditions Precedent to the Obligation. of the Company to Sell the Preferred Shares. The obligation hereunder of the Company to issue and/or sell the EXHIBIT 10.1 Preferred Shares to the Investor at a Put Closing, or the First Call Closing or Second Call and to issue and/or sell the Additional Preferred Shares at an Option Closing (each a "Closing") is subject to the satisfaction, at or before such the Closing, or Option Closing, as the case may be, of each of the applicable conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

Appears in 1 contract

Samples: Preferred Stock Investment Agreement (Secure Computing Corp)

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