Common use of Conditions to Purchaser’s Obligation to Purchase Clause in Contracts

Conditions to Purchaser’s Obligation to Purchase. The Purchaser's obligation to purchase the Shares is conditioned upon: (a) Purchaser's receipt and acceptance of this agreement for all the Shares, as evidenced by execution of this agreement by the Purchaser, and delivery to Purchaser of certificates evidencing the Shares, bearing no legend except the Regulation S legend as described herein; and (b) The absence of any event or circumstance that could reasonably be expected to have a material adverse effect on the Company or on the market price of the Company's Common Stock. The Purchaser shall have the right to rescind the agreement should any such event come to pass during the pendency of this agreement.