CONDITIONS TO THE OBLIGATION OF THE PURCHASERS TO CLOSE. The obligation of each Purchaser to purchase the Securities, to pay the purchase price therefor and to perform any obligations hereunder shall be subject to the satisfaction as determined by, or waiver by, that Purchaser of the following conditions on or before the Closing Date. No Purchaser shall be obligated to purchase any Security unless the purchase and sale of all the other Securities occurs simultaneously therewith.
Appears in 2 contracts
Sources: Note, Warrant and Preferred Stock Purchase Agreement (Mce Companies Inc), Senior Subordinated Note and Warrant Purchase Agreement (Mce Companies Inc)