Common use of Conditions Precedent to Each Purchase and Reinvestment Clause in Contracts

Conditions Precedent to Each Purchase and Reinvestment. The obligation of each Buyer to purchase its Participation Interest from the Seller on the Closing Date, to make a Reinvestment on any date, or to increase the Aggregate Net Investment in the Receivables Pool on any date, is subject to the performance by each of the Originators and the Seller of its respective obligations hereunder on or before the Closing Date, such date on which a Reinvestment will be made or such date on which an increase in the Aggregate Net Investment will be made, and to the satisfaction of the following further conditions:

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)

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Conditions Precedent to Each Purchase and Reinvestment. The ------------------------------------------------------ obligation of each the Buyer to purchase its the Participation Interest from the Seller on the Closing Effective Date, to make a Reinvestment on any date, or to increase the Aggregate Net Investment in the Receivables Pool on any dateSettlement Date, is subject to the performance by each of the Originators Company and the Seller of its respective obligations hereunder on or before the Closing Effective Date, such date on which a Reinvestment will be made or such date on which an increase in the Aggregate Net Investment will be madeSettlement Date, and to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exide Corp)

Conditions Precedent to Each Purchase and Reinvestment. The obligation of each the Buyer to purchase its the Participation Interest from the Seller on the Closing Date, to make a Reinvestment on any date, or to increase the Aggregate Net Investment in the Receivables Pool on any dateSettlement Date, is subject to the performance by each of the Originators Company, the Servicer and the Seller of its respective obligations hereunder on or before the Closing Date, such date on which a Reinvestment will be made or such date on which an increase in the Aggregate Net Investment will be madeSettlement Date, and to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Volt Information Sciences Inc)

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Conditions Precedent to Each Purchase and Reinvestment. The obligation of each the Buyer to purchase its the Participation Interest from the Seller on the Closing Date, to make a Reinvestment on any date, or to increase the Aggregate Net Investment in the Receivables Pool on any dateSettlement Date, is subject to the performance by each of the Originators Company and the Seller of its respective obligations hereunder on or before the Closing Date, such date on which a Reinvestment will be made or such date on which an increase in the Aggregate Net Investment will be madeSettlement Date, and to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exide Corp)

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