Conditions Precedent to the Obligations of the Purchasers to Purchase Shares Sample Clauses
This clause defines the specific requirements that must be satisfied before the purchasers are obligated to complete the purchase of shares. Typically, these conditions may include the company obtaining necessary regulatory approvals, ensuring the accuracy of representations and warranties, or the absence of material adverse changes. By setting out these prerequisites, the clause protects purchasers from being forced to proceed with the transaction if key conditions are not met, thereby allocating risk and ensuring that both parties are aligned on the necessary steps before closing.
Conditions Precedent to the Obligations of the Purchasers to Purchase Shares. The obligation of each Purchaser to acquire Shares at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by such Purchaser (as to itself only):