Common use of Conditions Precedent to All Purchases and Reinvestments Clause in Contracts

Conditions Precedent to All Purchases and Reinvestments. Each Purchase (including the initial Purchase) and each reinvestment shall be subject to the further conditions precedent that (a) in the case of each Purchase, the Collection Agent shall have delivered to the Purchasers and the Administrative Agent on or prior to the date of such Purchase, in form and substance satisfactory to the Purchasers, all Investor Reports as and when due under Section 6.02(g) and, on or prior to the date of the initial Purchase, an Investor Report containing then current information acceptable to the Purchasers, and (b) on the date of each Purchase or reinvestment, the following statements shall be true (and acceptance of the proceeds of such Purchase or reinvestment shall be deemed a representation and warranty by the Seller that such statements are then true):

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp), Receivables Purchase Agreement (Georgia Pacific Corp)

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Conditions Precedent to All Purchases and Reinvestments. Each Purchase (including the initial Purchase) purchase of a Purchaser Interest and each reinvestment Reinvestment shall be subject to the further conditions precedent that (a) in the case of each Purchase, such purchase or Reinvestment the Collection Agent Servicer shall have delivered to the Purchasers and the Administrative Agent on or prior to the date of such Purchasepurchase, in form and substance satisfactory to each of the Purchasers, all Investor Receivables Reports as and when due under Section 6.02(g8.5; (b) andthe Facility Termination Date shall not have occurred; (c) the Administrative Agent and the Purchasers shall have received such other approvals, on opinions or prior to the date of the initial Purchase, an Investor Report containing then current information acceptable to the Purchasers, documents as it may reasonably request and (bd) on the date of each such Incremental Purchase or reinvestmentReinvestment, the following statements shall be true (and acceptance of the proceeds of such Incremental Purchase or reinvestment Reinvestment shall be deemed a representation and warranty by the Seller that such statements are then true):

Appears in 3 contracts

Samples: Receivables Purchase Agreement (RPM International Inc/De/), Receivables Purchase Agreement (RPM International Inc/De/), Receivables Purchase Agreement (RPM International Inc/De/)

Conditions Precedent to All Purchases and Reinvestments. Each Purchase purchase of a Purchaser Interest (including the initial Purchaseother than pursuant to Section 12.1) and each reinvestment Reinvestment shall be subject to the further conditions precedent that (a) in the case of each Purchase, such purchase or Reinvestment: (a) the Collection Agent Servicer shall have delivered to the Purchasers and the Administrative Agent on or prior to the date of such Purchasepurchase, in form and substance satisfactory to the PurchasersAgent, all Investor Periodic Reports as and when due under Section 6.02(g8.5; (b) and, on or prior to the date of the initial Purchase, an Investor Report containing then current information acceptable to the Purchasers, Commitment Termination Date shall not have occurred and (bc) on the date of each such Incremental Purchase or reinvestmentReinvestment, the following statements shall be true (and acceptance of the proceeds of such Incremental Purchase or reinvestment Reinvestment shall be deemed a representation and warranty by the Seller that such statements are then true):

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Pennsylvania Power Co), Receivables Purchase Agreement (Pennsylvania Electric Co), Receivables Purchase Agreement (Metropolitan Edison Co)

Conditions Precedent to All Purchases and Reinvestments. Each Purchase (including the initial PurchasePurchase and each acceptance of an assignment pursuant to Section 2.02(c) hereof) and each reinvestment shall be subject to the further conditions precedent that (a) in the case of each Purchase, the Collection Agent shall have delivered to the Secondary Purchasers and the Administrative Agent on or prior to the date of such Purchase, in form and substance satisfactory to the Secondary Purchasers, all Investor Reports as and when due under Section 6.02(g) and, on or prior to the date of the initial Purchase, an Investor Report containing then current information acceptable to the Secondary Purchasers, and (b) on the date of each Purchase or reinvestment, the following statements shall be true (and acceptance of the proceeds of such Purchase or reinvestment shall be deemed a representation and warranty by the Seller that such statements are then true):

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Pacific Corp)

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Conditions Precedent to All Purchases and Reinvestments. Each -------------------------------------------------------- Purchase (including the initial PurchasePurchase and each acceptance of an assignment pursuant to Section 2.02(d) hereof) and each reinvestment shall be subject to the further conditions precedent that (a) in the case of each Purchase, the Collection Agent shall have delivered to the Secondary Purchasers and the Administrative Agent on or prior to the date of such Purchase, in form and substance satisfactory to the Secondary Purchasers, all Investor Reports as and when due under Section 6.02(g) and, on or prior to the date of the initial Purchase, an Investor Report containing then current information acceptable to the Secondary Purchasers, and (b) on the date of each Purchase or reinvestment, the following statements shall be true (and acceptance of the proceeds of such Purchase or reinvestment shall be deemed a representation and warranty by the Seller that such statements are then true):

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Pacific Corp)

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