Common use of Unconditional Contract Clause in Contracts

Unconditional Contract. Notwithstanding any other provision in this Agreement, the Company and the Investor acknowledge and agree that upon the Investor’s receipt of a valid Advance Notice from the Company the Parties shall be deemed to have entered into an unconditional contract binding on both Parties for the purchase and sale of the applicable number of Advance Shares pursuant to such Advance Notice in accordance with the terms of this Agreement and (i) subject to Applicable Laws and (ii) subject to Section 6.18, the Investor may sell Ordinary Shares during the Pricing Period for such Advance Notice (including with respect to any Advance Shares subject to such Pricing Period); provided that, if the Company notifies Investor by e-mail that it wishes to stop all further sales prior to the end of the Pricing Period in respect of an outstanding Advance Notice, the applicable Pricing Period shall terminate, the Investor will stop all further sales, and that Advance Notice will be deemed to be terminated (other than in respect to such number of Ordinary Shares sold by the Investor prior to such termination).

Appears in 1 contract

Sources: Standby Equity Purchase Agreement (Inspira Technologies OXY B.H.N. LTD)

Unconditional Contract. Notwithstanding any other provision in this Agreement, the Company and the Investor acknowledge and agree that upon the Investor’s receipt of a valid Advance Notice from the Company the Parties shall be deemed to have entered into an unconditional contract binding on both Parties for the purchase and sale of the applicable number of Advance Shares pursuant to such Advance Notice in accordance with the terms of this Agreement and (i) subject to Applicable Laws and (ii) subject to Section 6.183.09 and Section 3.10, the Investor may sell Ordinary Shares during the Pricing Period for such Advance Notice (including with respect to any Advance Shares subject to such Pricing Period); provided that, if the Company notifies Investor by e-mail that it wishes to stop all further sales prior to the end of the Pricing Period in respect of an outstanding Advance Notice, the applicable Pricing Period shall terminate, the Investor will stop all further sales, and that Advance Notice will be deemed to be terminated (other than in respect to such number of Ordinary Shares sold by the Investor prior to such termination).

Appears in 1 contract

Sources: Standby Equity Purchase Agreement (Webull Corp)