Common use of CONDITIONS PRECEDENT TO BUYER'S PERFORMANCE Clause in Contracts

CONDITIONS PRECEDENT TO BUYER'S PERFORMANCE. The obligations of the Buyer pursuant this Agreement are subject to the satisfaction, at any time following the date hereof, of all the conditions set out below. The Buyer may waive any or all of these conditions, in whole or in part, without prior notice; provided, however, that no such waiver of a condition shall constitute a waiver by the Buyer of any of its other rights or remedies, at law or in equity, if the Seller shall be in default of any of its representations, warranties, or covenants under this Agreement: 6.1. The Company shall have obtained the approval of the Chief Scientist of the Ministry of Industry and Trade of the State of Israel, for all transactions contemplated in this Agreement. 6.2. The Company shall have obtained the approval of the Investment Center of the Ministry of Industry and Trade, for all transactions contemplated in this Agreement. 6.3. The Company shall have obtained the approval of the Industry Development Bank, for all transactions contemplated in this Agreement. 6.4. The Buyer shall have obtained the consent of the holders of 90% or more of the share capital of the Company to sell their shares to the Buyer pursuant to the terms and conditions of this Agreement. This Agreement shall not become effective until, and shall be deemed to have immediately and automatically come into effect at, such time that the Buyer notifies the Seller of either (i) the satisfaction of all of the conditions set forth above, (ii) the waiver, by the Buyer, of all conditions which were not satisfied as of such date.