Common use of Conditions to the Purchasers’ Obligation Clause in Contracts

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Senior Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction of or delivery by or at the direction of the Company to such Purchaser (or, with respect to the Paying Agent Agreement, the Paying Agent, and with respect to the opinions of counsel, the Placement Agents), on or prior to the Closing Date, each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Sources: Senior Note Purchase Agreement (Patriot National Bancorp Inc)

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Senior Unsecured Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction of or delivery by or at the direction of the Company to such Purchaser (or, with respect to the Settlement Agent Agreement, the Settlement Agent, and with respect to the Paying Agent Agreement, the Paying Agent, and with respect to the opinions of counsel, the Placement Agents), on or prior to the Closing Date, Agent) of each of the following (unless or written waiver by such Purchaser shall have waived prior to the Closing of such satisfaction or delivery):

Appears in 1 contract

Sources: Senior Unsecured Note Purchase Agreement (Quaint Oak Bancorp, Inc.)

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Senior Notes to be purchased by such Purchaser them at Closing and to effect the Disbursement is subject to the satisfaction of or delivery by or at the direction of the Company to such Purchaser (or, with respect to the Paying Agent AgreementIndenture and the Global Note, the Paying Agent, and with respect to the opinions of counsel, the Placement Agents), on or prior to the Closing Date, Trustee) each of the following (unless or written waiver by such Purchaser shall have waived prior to the Closing of such satisfaction or delivery):): 3.

Appears in 1 contract

Sources: Senior Note Purchase Agreement (Eagle Bancorp Inc)

Conditions to the Purchasers’ Obligation. The obligation of each Purchaser to consummate the purchase of the Senior Subordinated Notes to be purchased by such Purchaser at Closing and to effect the Disbursement is subject to the satisfaction of or delivery by or at the direction of the Company to such Purchaser Purchaser, (or, with respect to the Paying Settlement Agent Agreement, the Paying Settlement Agent, and with respect to the opinions of counsel, the Placement Agents), Agent) on or prior to the Closing Date, of each of the following (unless such Purchaser shall have waived such satisfaction or delivery):

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc)