Common use of Conditions Precedent and Subsequent Clause in Contracts

Conditions Precedent and Subsequent. The willingness of Agent and Merchant to enter into the transactions contemplated under this Agreement are directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party: (a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default shall have occurred at and as of the date hereof and as of the Sale Commencement Date; and (b) to the extent necessary, Merchant having obtained the consent of its secured lenders to this Agreement.

Appears in 1 contract

Samples: Agency Agreement (Office Depot Inc)

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Conditions Precedent and Subsequent. The willingness of Agent and Merchant to enter into the transactions contemplated under this Agreement are directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party: (a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default (as defined herein) shall have occurred at and as of the date hereof and as of the Sale Commencement Date; and. (b) Merchant shall have obtained any necessary consent to the extent necessary, Merchant having obtained the consent of Sale from its secured lenders to this Agreementlenders.

Appears in 1 contract

Samples: Agency Agreement

Conditions Precedent and Subsequent. The willingness of Agent and Merchant to enter into the transactions contemplated under this Agreement are is directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party: (a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default shall have occurred at and as of the date hereof and as of the Sale Commencement Date; and. (b) to Merchant shall have obtained entry of the extent necessaryApproval Order on or before May 21, Merchant having obtained the consent of its secured lenders to this Agreement2009.

Appears in 1 contract

Samples: Agency Agreement

Conditions Precedent and Subsequent. The willingness of Agent and Merchant to enter into the transactions contemplated under this Agreement are directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party: (a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default shall have occurred at and as of the date hereof and as of the Sale Commencement Date; and (b) to the extent necessary, Merchant having obtained the consent of its secured lenders to this Agreement.

Appears in 1 contract

Samples: Agency Agreement (Linens 'N Things Center, Inc.)

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Conditions Precedent and Subsequent. The willingness of Agent and Merchant Xxxxxxxx to enter into the transactions contemplated under this Agreement are is directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party: (a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default shall have occurred at and as of the date hereof and as of the Sale Commencement Date; and (b) to the extent necessary, Merchant having shall have obtained the consent of its secured lenders to this AgreementApproval Order on or before June 21, 2011.

Appears in 1 contract

Samples: Agency Agreement

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