Common use of CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK Clause in Contracts

CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK. The obligation hereunder of the Company to issue and sell the Draw Down Shares to the Investor incident to each Settlement is subject to the satisfaction, at or before each such Settlement, of each of the conditions set forth below.

Appears in 2 contracts

Sources: Private Equity Line Financing Agreement (Corixa Corp), Equity Line Financing Agreement (Biopure Corp)

CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK. The obligation hereunder of the Company to issue and sell the Draw Down Shares to the Investor incident to each Settlement Draw Down Notice is subject to the satisfaction, at on or before each such Settlementany issuance of Draw Down Shares, of each of the conditions set forth below.

Appears in 1 contract

Sources: Equity Financing Agreement (Pantera Petroleum Inc.)

CONDITIONS PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE AND SELL COMMON STOCK. The obligation hereunder of the Company to issue and sell the Draw Down Shares to the Investor incident to each Settlement is subject to the satisfaction, at or before each such Settlement, satisfaction of each of the conditions set forth below.

Appears in 1 contract

Sources: Equity Line Financing Agreement (Cybermesh International Corp.)