Common use of Conditions Precedent for Payment of the Purchase Price Clause in Contracts

Conditions Precedent for Payment of the Purchase Price. CAM shall have no obligation to pay the Purchase Price to Seller until each of the following obligations has been satisfied: (a) this Agreement has been fully executed by Seller, and Seller has further delivered an appropriate resolution authorizing execution of this Agreement and sale of the Accounts; (b) If applicable, Seller has delivered or caused to be delivered to CAM a fully acknowledged copy of the Notice of Purchase and Assignment with respect to the Accounts from Seller’s account debtor with respect to the Accounts in form and content fully satisfactory to CAM; (c) Seller shall have paid or caused to be paid to CAM or its legal counsel all of CAM’s legal fees and out of pocket expenses incurred by it with respect to this Agreement; (d) Seller shall have delivered to CAM copies of all of its organizational documents and a Certificate of Good Standing from the state of its organization and if necessary, a copy of its license or licenses required to conduct its business in the state where said business is being conducted.

Conditions Precedent for Payment of the Purchase Price. CAM shall have no obligation to pay the Purchase Price to Seller until each of the following obligations has been satisfied: (a) this Agreement has been fully executed by Seller, and Seller Xxxxxx has further delivered an appropriate resolution authorizing execution of this Agreement and sale of the Accounts; (b) If applicable, Seller has delivered or caused to be delivered to CAM a fully acknowledged copy of the Notice of Purchase and Assignment with respect to the Accounts from Seller’s 's account debtor with respect to the Accounts in form and content fully satisfactory to CAM; (c) Seller shall have paid or caused to be paid to CAM or its legal counsel all of CAM’s 's legal fees and out of pocket expenses incurred by it with respect to this Agreement; (d) Seller shall have delivered to CAM copies of all of its organizational documents and a Certificate of Good Standing from the state of its organization and if necessary, a copy of its license or licenses required to conduct its business in the state where said business is being conducted.