Common use of Conditions to Closing of the Issuer Clause in Contracts

Conditions to Closing of the Issuer. The Issuer’s obligations to sell and issue the Shares and the Warrants, if applicable, at each of the First Step Investment Closing and the Second Step Investment Closing are subject to the fulfillment or (to the extent permitted by applicable law) written waiver by the Issuer, on or prior to the First Step Investment Closing Date or the Second Step Investment Closing Date, as applicable, of each of the following conditions:

Appears in 2 contracts

Sources: Subscription Agreement (Naspers LTD), Subscription Agreement (Churchill Capital Corp II)