CONDITIONS TO THE COMPANY'S OBLIGATION TO ISSUE THE COMPANY SHARES AND WARRANTS Sample Clauses

CONDITIONS TO THE COMPANY'S OBLIGATION TO ISSUE THE COMPANY SHARES AND WARRANTS. The Purchaser understands that the Company's obligation to sell the Company Shares and the Warrants on the Closing Date to the Purchaser pursuant to this Agreement is conditioned upon the satisfaction or waiver by the Company of each of the following conditions: a. The accuracy on the Closing Date of the representations and warranties of the Purchaser contained in this Agreement as if made on the Closing Date and the performance by the Purchaser on or before the Closing Date of all covenants and agreements of the Purchaser required to be performed on or before the Closing Date. b. The absence or inapplicability of any and all laws, rules or regulations prohibiting or restricting the transactions contemplated hereby, or requiring any consent or approval which shall not have been obtained. c. The Purchaser shall have executed this Agreement and the Registration Rights Agreement and delivered the same to the Company. d. The Purchaser shall have paid the Consideration in accordance with Section 1.c. above.