Common use of Condition to Payments Clause in Contracts

Condition to Payments. Seller's obligations under Section 2.1 shall be subject to the condition that the Securities that are deliverable under the Underwriting Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 3 contracts

Samples: Fund Indemnity Agreement (Tenth Automatic Common Exchange Security Trust), Indemnity Agreement (Amdocs Automatic Common Exchange Security Trust), Fund Indemnity Agreement (Eleventh Automatic Common Exchange Security Trust)

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Condition to Payments. Seller's and Underwriters' obligations under Section 2.1 shall be subject to the condition that the Securities that are deliverable under the Underwriting Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Indemnity Agreement (Nbci Automatic Common Exchange Security Trust)

Condition to Payments. Seller's ’s obligations under Section 2.1 shall be subject to the condition that the Securities that are deliverable under the Underwriting Securities Purchase Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Indemnity Agreement (2009 Dole Food Automatic Common Exchange Security Trust)

Condition to Payments. The Seller's obligations under Section Sections 2.1 and 2.2 shall be subject to the condition that the Securities that are deliverable under the Underwriting Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Expense Agreement (Tenth Automatic Common Exchange Security Trust)

Condition to Payments. Seller's Seller[S]'[s] obligations under Section 2.1 shall be subject to the condition that the Securities that are deliverable under the Underwriting Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Indemnity Agreement (Ameritrade Automatic Common Exchange Security Tr)

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Condition to Payments. Seller's The Sellers’ obligations under Section 2.1 shall be subject to the condition that the Securities that are deliverable under the Underwriting Securities Purchase Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Indemnity Agreement (2010 Swift Mandatory Common Exchange Security Trust)

Condition to Payments. The Seller's and the Underwriters' obligations under Section Sections 2.1 and 2.2 shall be subject to the condition that the Securities that are deliverable under the Underwriting Agreement at the First Time of Delivery shall have been issued and paid for at the First Time of Delivery.

Appears in 1 contract

Samples: Fund Expense Agreement (Nbci Automatic Common Exchange Security Trust)

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