Partial Purchase. The Founder shall not be obligated to purchase the Put Shares if the Founder shall be unable to do so without a breach or violation of the provisions of applicable law or the certificate of incorporation or bylaws of WaferGen US as in effect on such date. If the Founder is unable to purchase all of the Put Shares at one time due to any such restriction, the Founder shall purchase such securities as the Founder is able without a breach or violation of applicable law or the certificate of incorporation or bylaws of WaferGen US, and the Founder shall use reasonable efforts to remove any such limitations upon the Founder’s ability to effect such purchase.
Appears in 3 contracts
Sources: Put Option Agreement (WaferGen Bio-Systems, Inc.), Put Option Agreement (WaferGen Bio-Systems, Inc.), Put Option Agreement (WaferGen Bio-Systems, Inc.)