Purchase Condition Sample Clauses
A Purchase Condition clause sets specific requirements or criteria that must be satisfied before a purchase transaction can be completed. These conditions may include obtaining regulatory approvals, securing financing, or the satisfactory completion of due diligence. By clearly outlining what must occur before the sale is finalized, this clause helps ensure that both parties are protected and that the transaction only proceeds when all necessary prerequisites are met, thereby reducing the risk of disputes or incomplete agreements.
Purchase Condition. ▇▇▇▇▇▇▇’▇ obligation to purchase materials, components, or finished Product under this Section 14 does not apply to materials, components, or Product not in compliance with applicable Specifications.
Purchase Condition. The Offer and the sale of the Series A-2 Preferred Stock to the Offerees is conditioned upon, among other things, the purchase of all of the shares of the Series A-2 Preferred Stock by the Offerees. In the event that the Company does not receive valid subscriptions from Offerees to purchase the entirety of the shares of the Series A-2 Preferred Stock being offered by the Offer by the Expiration Date and receive $100 million for the purchase of the shares by the Offerees by the Funding Date, the Company will sell all of the shares of the Series A-2 Preferred Stock to the Standby Purchaser pursuant to the Commitment Agreement and will not sell any of the shares of the Series A-2 Preferred Stock to any of the Offerees.
Purchase Condition. Fingerhut agrees to purchase the Accounts, subject to any Securitization agreements or arrangements that Direct Merchants Bank or its Affiliate may have entered into and subject to any necessary approvals of rating agencies, trustees or other parties as set forth in such Securitization transaction. Fingerhut and Direct Merchants Bank agree to cooperate to take the reasonable necessary actions to effectuate an orderly transition of the Accounts, including the Securitized Accounts, to Fingerhut. Direct Merchants Bank further agrees to take reasonable necessary actions to remove the Securitized Accounts from the Securitization to enable Fingerhut to complete the purchase of the Accounts. ARTICLE 8 - MISCELLANEOUS 8.1
Purchase Condition. Participant must purchase at least $1,000,000 in Company Shares on the open market during the open trading window for Company insiders starting on the second business day following the Company’s release of earnings for the second fiscal quarter for fiscal 2022 and continuing until the close of business on October 14, 2022. If Participant is blacked out from trading during said trading window, then Participant shall make such purchase in the next available trading window in which he is not blacked out. If Participant fails to comply with this condition, the Option shall immediately terminate and be forfeited without consideration.
Purchase Condition. As consideration for the transfer of Purchased Assets to Buyer and Seller's other covenants in this Agreement, Buyer shall pay to Seller the following (the "Purchase Price"):