Conditions to Purchasers’ Obligations at the Closing. The obligation of each Purchaser to purchase shares of Series B Preferred Shares at the Closing is subject to the fulfillment (or waiver by the Purchasers obligated to purchase sixty-six percent (66%) of the shares of Series B Preferred Shares to be issued at the Closing), on or before the Closing, of each of the following conditions:
Appears in 2 contracts
Sources: Series B Convertible Preferred Stock Purchase Agreement (Collegium Pharmaceutical, Inc), Series B Convertible Preferred Stock Purchase Agreement (Collegium Pharmaceutical Inc)
Conditions to Purchasers’ Obligations at the Closing. The obligation of each Purchaser hereunder to purchase shares of Series B Preferred Shares at the Closing Closing, is subject to the fulfillment (or waiver by the Purchasers obligated to purchase sixty-six percent (66%) of the shares of Series B Preferred Shares to be issued at the Closing), on or before prior to the Closing, Closing of each of the following conditions:, provided that these conditions are for such Purchaser's sole benefit and may be waived by the Purchasers at any time in their sole discretion by providing the Company with written notice thereof.
Appears in 2 contracts
Sources: Series B Preferred Stock Purchase Agreement (24/7 Media Inc), Series B Preferred Stock Purchase Agreement (Elbit LTD)
Conditions to Purchasers’ Obligations at the Closing. The obligation of each Purchaser hereunder to purchase shares of Series B Preferred Shares at the Closing is subject to the fulfillment (or waiver by the Purchasers obligated to purchase sixty-six percent (66%) of the shares of Series B Preferred Shares to be issued at the Closing), on or before prior to the Closing, Closing of each of the following conditions:, provided that these conditions are for each such Purchaser’s sole benefit and may be waived by such Purchaser at any time in its sole discretion by providing the Company with written notice thereof.
Appears in 1 contract
Conditions to Purchasers’ Obligations at the Closing. The obligation of each Purchaser to purchase shares of Series B D Preferred Shares at the Closing is subject to the fulfillment (or waiver by the Purchasers obligated to purchase sixty-six percent (66%) a majority of the shares of Series B D Preferred Shares to be issued at the Closing), on or before the Closing, of each of the following conditions:
Appears in 1 contract
Sources: Series D Convertible Preferred Stock Purchase Agreement (Collegium Pharmaceutical, Inc)