Common use of Conditions Precedent to Purchase Clause in Contracts

Conditions Precedent to Purchase. The Purchase from each Originator under this Agreement is subject to the conditions precedent that (a) Buyer (and its assigns) shall have received on or before the closing date of the Credit and Security Agreement those documents listed on Schedule A and (b) all of the conditions to effectiveness of the Credit and Security Agreement shall have been satisfied on or before the closing date thereof or waived in accordance with the terms thereof.

Conditions Precedent to Purchase. The Purchase from each Originator under this Agreement is subject to the conditions precedent that (a) Buyer shall have been capitalized with the Initial Contributed Assets, (and its assignsb) Buyer shall have received on or before the closing date of the Credit and Security Agreement those documents listed on Schedule A and (bc) all of the conditions to effectiveness of the initial purchase under the Credit and Security Agreement shall have been satisfied on or before the closing date thereof or waived in accordance with the terms thereof.