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

Conditions Precedent to All Purchases and Remittances of Collections. Each Purchase (including the Initial Purchase) from the Seller by a Purchaser, the right of the Servicer to remit Collections to the Seller pursuant to Section 2.7(b) and each Incremental Purchase (each, a "Transaction") shall be subject to the further conditions precedent that (a) with respect to any Purchase (including the Initial Purchase) or Incremental Purchase, the Servicer shall have delivered to the Deal Agent, on or prior to the date of such Purchase or Incremental Purchase in form and substance satisfactory to the Deal Agent, (i) a Purchase Notice (Exhibit A), (ii) a Purchase Certificate (Exhibit G), and (iii) a Certificate of Assignment (Exhibit A to the Purchase and Sale Agreement) including Schedule I, thereto dated within 10 days prior to the date of such Purchase (other than the Initial Purchase, in which case such items shall be dated within 5 days prior to the date of such Initial Purchase) or Incremental Purchase and containing such additional information as may be reasonably requested by the Deal Agent; (b) on the date of such Transaction the following statements shall be true and the Seller shall be deemed to have certified that:

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Resource America Inc)

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Conditions Precedent to All Purchases and Remittances of Collections. Each Purchase (including the Initial Purchase) from the Seller by a Purchaser, the right of the Servicer to remit Collections to the Seller pursuant to Section 2.7(b) and each Incremental Purchase (each, a "Transaction") shall be subject to the further conditions precedent that (a) with respect to any Purchase (including the Initial Purchase) or Incremental Purchase, the Servicer shall have delivered to the Deal Agent, on or at least one (1) Business Day prior to the initial Purchase and at least five (5) Business Days prior to the date of such Purchase or any Incremental Purchase in form and substance satisfactory to the Deal Agent, (i) a Purchase Notice (Exhibit A), (ii) a Purchase Certificate (Exhibit GH), and (iii) a Certificate of Sale Assignment (Exhibit A to the Purchase and Sale Agreement) including Schedule I, I thereto dated within 10 days prior to the date of such Purchase (other than the Initial Purchase, in which case such items shall be dated within 5 days prior to the date of such Initial Purchase) or Incremental Purchase and containing such additional information as may be reasonably requested by 43 49 the Deal Agent; (b) on the date of such Transaction the following statements shall be true and the Seller shall be deemed to have certified that:

Appears in 1 contract

Samples: Purchase and Servicing Agreement (First International Bancorp Inc)

Conditions Precedent to All Purchases and Remittances of Collections. Each Purchase (including the Initial Purchase) from the Seller by a Purchaser, the right of the Servicer to remit Collections to the Seller pursuant to Section 2.7(b) and each Incremental Purchase (each, a "Transaction") shall be subject to the further conditions precedent that (a) with respect to any Purchase (including the Initial Purchase) or Incremental Purchase, the Servicer shall have delivered to the Deal Agent, on or at least one (1) Business Day prior to the initial Purchase and at least five (5) Business Days prior to the date of such Purchase or any Incremental Purchase in form and substance satisfactory to the Deal Agent, (i) a Purchase Notice (Exhibit A), (ii) a Purchase Certificate (Exhibit GH), and (iii) a Certificate of Assignment (Exhibit A to the Purchase and Sale Agreement) including Schedule I, I thereto dated within 10 days prior to the date of such Purchase (other than the Initial Purchase, in which case such items shall be dated within 5 days prior to the date of such Initial Purchase) or Incremental Purchase and containing such additional information as may be reasonably requested by the Deal Agent; (b) on the date of such Transaction the following statements shall be true and the Seller shall be deemed to have certified that:

Appears in 1 contract

Samples: Purchase and Servicing Agreement (First International Bancorp Inc)

Conditions Precedent to All Purchases and Remittances of Collections. Each Purchase (including the Initial initial Purchase) from the Seller by a Purchaser, the right of the Servicer to remit Collections to the Seller pursuant to Section 2.7(b) and each Incremental Purchase (each, a "Transaction") shall be subject to the further conditions precedent that (a) with respect to any Purchase (including the Initial initial Purchase) or Incremental Purchase, the Servicer shall have delivered to the Deal Agent, on or prior to the date of such Purchase or Incremental Purchase in form and substance satisfactory to the Deal Agent, (i) a Purchase Notice (Exhibit A), (ii) a Purchase Certificate (Exhibit G), and (iii) a Certificate of Assignment (Exhibit A to the Purchase and Sale Agreement) including Schedule I, thereto dated within 10 at least 5 days prior to the date of such Purchase (other than the Initial initial Purchase, in which case such items shall be dated within at least 5 days prior to the date of such Initial initial Purchase) or Incremental Purchase and containing such additional information as may be reasonably requested by the Deal Agent; (b) on the date of such Transaction the following statements shall be true and the Seller shall be deemed to have certified that:

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Business Financial Services Inc /De/)

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Conditions Precedent to All Purchases and Remittances of Collections. Each Purchase (including the Initial initial Purchase) from the Seller by a Purchaser, MSFC the right of the Servicer to remit Collections to the Seller pursuant to Section 2.7(b) and each Incremental Purchase (each, a "Transaction") shall be subject to the further conditions precedent that (a) with respect to any Purchase (including the Initial initial Purchase) or Incremental Purchase, the Servicer shall have delivered to the Deal AgentAdministrator, on or prior to the date of such Purchase or Incremental Purchase in form and substance satisfactory to the Deal AgentAdministrator, (i) a Purchase Notice (Exhibit A), (ii) a Purchase Certificate (Exhibit G), and (iii) a Certificate of Assignment (Exhibit A to the Purchase and Sale Agreement) including Schedule II thereto, thereto dated within 10 days prior to the date of such Purchase (other than the Initial initial Purchase, in which case such items shall be dated within 5 days prior to the date of such Initial initial Purchase) or Incremental Purchase and containing such additional information as may be reasonably requested by the Deal AgentAdministrator; (b) on the date of such Transaction the following statements shall be true and the Seller and the Servicer shall be deemed to have certified that:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

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