Common use of Conditions Precedent to Subsequent Payments Clause in Contracts

Conditions Precedent to Subsequent Payments. Buyer’s obligation to pay for Receivables coming into existence after the date hereof shall be subject to the further conditions precedent that (a) the Facility Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request.

Appears in 6 contracts

Samples: Receivables Sale Agreement (Johnsondiversey Holdings Inc), Receivables Sale Agreement (Johnson Polymer Inc), Receivables Sale Agreement (Johnson Polymer Inc)

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Conditions Precedent to Subsequent Payments. Buyer’s 's obligation to pay for Receivables coming into existence after the date hereof shall be subject to the further conditions precedent that (a) the Facility Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Originator represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Anixter International Inc), Receivables Sale Agreement (Anixter International Inc)

Conditions Precedent to Subsequent Payments. Buyer’s 's obligation to pay for Receivables coming into existence after the date hereof shall be subject to the further conditions precedent that (a) the Facility Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Each Originator represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 2 contracts

Samples: Receivables Sale Agreement, Receivables Sale Agreement (Jabil Circuit Inc)

Conditions Precedent to Subsequent Payments. Buyer’s obligation to pay for Receivables coming into existence after the date hereof shall be subject to the further conditions precedent that (a) the Facility Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Seller represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Samples: Receivables Sale Agreement (Anixter International Inc)

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Conditions Precedent to Subsequent Payments. Buyer’s 's obligation to pay for Receivables coming into existence after the date hereof shall be subject to the further conditions precedent that (a) the Facility Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Originator represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Samples: Receivables Sale Agreement (School Specialty Inc)

Conditions Precedent to Subsequent Payments. Buyer’s obligation to pay for Receivables coming into existence on or after the date hereof applicable Purchase Date shall be subject to the further conditions precedent that that: (a) the Facility Termination Date shall not have occurred; occurred under the Credit and Security Agreement and (b) Buyer on the date such Receivable came into existence, the following statements shall be true (or its assigns) and acceptance of the proceeds of any payment for such Receivable shall have received be deemed a representation and warranty by such other approvals, opinions or documents as it may reasonably request.Originator that such statements are then true):

Appears in 1 contract

Samples: Credit and Security Agreement (WestRock Co)

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