Common use of Conditions Precedent to Purchaser’s Initial Purchase Clause in Contracts

Conditions Precedent to Purchaser’s Initial Purchase. The obligation of the Purchaser to purchase Receivables hereunder on the occasion of the Closing Date is subject to the conditions precedent (any one or more of which can be waived by the Purchaser) that (a) the Loan Agreement and the other Transaction Documents shall be in full force and effect and all conditions to the initial advance under the Loan Agreement shall have been satisfied or waived, (b) the Purchaser shall have received on or before the Closing Date the following, each (unless otherwise indicated) dated the day of such sale and in form and substance satisfactory to the Purchaser and (c) the conditions set forth in clauses (iii), (iv) and (v) shall have been satisfied:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Covenant Transport Inc)

AutoNDA by SimpleDocs

Conditions Precedent to Purchaser’s Initial Purchase. The obligation of the Purchaser to purchase Receivables hereunder on the occasion of the Initial Closing Date is subject to the conditions precedent (any one or more of which can be waived by the Purchaser) that (a) the Loan Agreement Indenture and the other Transaction Documents shall be in full force and effect and all conditions to the initial advance under the Loan Agreement Indenture shall have been satisfied or waived, (b) the Purchaser shall have received on or before the Closing such Purchase Date the following, each (unless otherwise indicated) dated the day of such sale Purchase Date and in form and substance satisfactory to the Purchaser and (c) the conditions set forth in clauses (iii), (iv) and (v) shall have been satisfied:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Conns Inc)

Conditions Precedent to Purchaser’s Initial Purchase. The obligation of the Purchaser to purchase Receivables hereunder on the occasion of the Closing Date is subject to the conditions precedent (any one or more of which can be waived by the Purchaser) that (a) the Loan Agreement and the other Transaction Documents shall be in full force and effect and all conditions to the initial advance under the Loan Agreement shall have been satisfied or waived, (b) the Purchaser shall have received on or before the Closing Date the following, each (unless otherwise indicated) dated the day of such sale and in form and substance satisfactory to the Purchaser and (c) the conditions set forth in clauses (iii), (iv) and (v) shall have been satisfied:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Central Freight Lines Inc/Tx)

AutoNDA by SimpleDocs

Conditions Precedent to Purchaser’s Initial Purchase. The ---------------------------------------------------- obligation of the Purchaser to purchase Receivables hereunder on the occasion of the Closing Date is subject to the conditions precedent (any one or more of which can be waived by the Purchaser) that (a) the Loan Agreement and the other Transaction Documents shall be in full force and effect and all conditions to the initial advance under the Loan Agreement shall have been satisfied or waived, (b) the Purchaser shall have received on or before the Closing Date the following, each (unless otherwise indicated) dated the day of such sale and in form and substance satisfactory to the Purchaser and (c) the conditions set forth in clauses (iii), (iv) and (v) shall have been satisfied:: ------------- ---- ---

Appears in 1 contract

Samples: Receivables Purchase Agreement (Dixie Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.