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

Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchase, the Servicer shall have delivered to the Agent on or prior to the date of such purchase, in form and substance satisfactory to the Agent, all Monthly Reports as and when due under Section 6.5; (b) on the date of each such 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 3 contracts

Samples: Receivables Purchase Agreement (Metals Usa Inc), Receivables Purchase Agreement (Metals Usa Inc), Receivables Purchase Agreement (Bindley Western Industries Inc)

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Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchase, the Servicer shall have delivered to the Administrative Agent on or prior to the date of such purchase, in form and substance satisfactory to the Administrative Agent, all Monthly Settlement Reports as and when due under Section 6.5; (b) on the date of each such purchase or Reinvestment, the following statements shall be true both before and after giving effect to such Reinvestment (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 (Donnelly Corp)

Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchase, the Servicer shall have delivered to the Agent on or prior to the date of that is two (2) days prior to such purchase, in form and substance reasonably satisfactory to the AgentAgent and Purchaser, all Monthly Reports as and when theretofore due under Section 6.55.5 and a completed Daily Capital Report at least two (2) Business Days prior to such purchase; (b) on the date of each such 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 and, where indicated, TLC that such statements are then true):

Appears in 1 contract

Samples: Receivables Purchase Agreement (Learning Co Inc)

Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) hereunder and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchase, the Servicer Collection Agent shall have delivered to the Agent and each applicable Managing Agent on or prior to the date of such purchase, in form and substance satisfactory to the Agent and such Managing Agent, all Monthly Reports and WeeklyDaily Reports as and when due under Section 6.5; (b) on the date of each such purchase or Reinvestment, the following statements shall be true both before and after giving effect to such purchase or Reinvestment (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 (Bon Ton Stores Inc)

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Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) hereunder and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchase, the Servicer Collection Agent shall have delivered to the Agent and each applicable Managing Agent on or prior to the date of such purchase, in form and substance satisfactory to the Agent and such Managing Agent, all Monthly Reports and Weekly Reports as and when due under Section 6.5; (b) on the date of each such purchase or Reinvestment, the following statements shall be true both before and after giving effect to such purchase or Reinvestment (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 (Bon Ton Stores Inc)

Conditions Precedent to All Purchases and Reinvestments. Each purchase of a Receivable Interest (other than pursuant to Section 2.1) Incremental Purchase and each Reinvestment shall be subject to the further conditions precedent that (a) in the case of each such purchasePurchase, the Servicer shall have delivered to the Agent on or prior to the date of such purchasePurchase, in form and substance satisfactory to the Agent, all Monthly Reports as and when due under Section 6.58.5; (b) the Agent shall have received such other approvals, opinions or documents as it may reasonably request and (c) on the date of each such purchase or ReinvestmentPurchase Date, the following statements shall be true (and acceptance of the proceeds of such purchase Incremental 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 (Lafarge Corp)

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