Common use of Conditions to Initial Closing and Draw Downs Clause in Contracts

Conditions to Initial Closing and Draw Downs. 5.1 Conditions Precedent to the Obligation of the Company to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 2 contracts

Samples: Securities Purchase Agreement (Easy Energy Inc), Securities Purchase Agreement (Easy Energy Inc)

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Conditions to Initial Closing and Draw Downs. 5.1 Section 5.1. Conditions Precedent to the Obligation of the Company to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 1 contract

Samples: Common Stock Purchase Agreement (Medplus Inc /Oh/)

Conditions to Initial Closing and Draw Downs. 5.1 Section 5.1. Conditions Precedent to the Obligation of the Company to --------------------------------------------------------- Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down --------------- Shares to the Purchaser 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 1 contract

Samples: Escrow Agreement (Hollis Eden Pharmaceuticals Inc /De/)

Conditions to Initial Closing and Draw Downs. 5.1 SECTION 4.1. Conditions Precedent to the Obligation of the Company to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 1 contract

Samples: Common Stock Purchase Agreement (Lumenon Innovative Lightwave Technology Inc)

Conditions to Initial Closing and Draw Downs. 5.1 Conditions Precedent to the Obligation of the Company to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 1 contract

Samples: Securities Purchase Agreement (MINERALRITE Corp)

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Conditions to Initial Closing and Draw Downs. 5.1 Section 4.1. Conditions Precedent to the Obligation of the Company to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 1 contract

Samples: Common Stock Purchase Agreement (Cel Sci Corp)

Conditions to Initial Closing and Draw Downs. 5.1 Section 4.1. Conditions Precedent to the Obligation of the Company ----------------------------------------------------- to Sell the Draw Down Shares. The obligation hereunder of the Company to proceed to close ------------------ this Agreement and to issue and sell the Draw Down Shares to the Purchaser 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 1 contract

Samples: Common Stock Purchase Agreement (Valicert Inc)

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