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 Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request pursuant to the terms of Section 6.2 of the Purchase Agreement.

Appears in 1 contract

Samples: Receivables Sale Agreement (Timken Co)

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Conditions Precedent to Subsequent Payments. Buyer's obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) that: the Facility Termination Date shall not have occurredoccurred under the Credit Agreement; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request pursuant to and on the terms of Section 6.2 date such Receivable came into existence, the following statements shall be true (and acceptance of the Purchase Agreement.proceeds of any payment for such Receivable shall be deemed a representation and warranty by Originator that such statements are then true):

Appears in 1 contract

Samples: Receivables Sale Agreement (PPL Electric Utilities Corp)

Conditions Precedent to Subsequent Payments. Buyer's obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request pursuant to request. Each Originator represents and warrants that the terms of Section 6.2 representations and warranties set forth in Article II are true and correct on and as of the Purchase Agreementdate each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Samples: Receivables Sale Agreement (Jabil Circuit Inc)

Conditions Precedent to Subsequent Payments. Buyer's ’s obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that that: (a) the Facility Termination Date shall not have occurredoccurred under the Purchase Agreement; and (b) Buyer on the date such Receivable came into existence, the following statements shall be true (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request pursuant to the terms of Section 6.2 and acceptance of the Purchase Agreement.proceeds of any payment for such Receivable shall be deemed a representation and warranty by the applicable Originator that such statements are then true):

Appears in 1 contract

Samples: Receivables Sale Agreement (Henry Schein Inc)

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Conditions Precedent to Subsequent Payments. Buyer's ’s obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Sale Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request pursuant to request. Each Originator represents and warrants that the terms of Section 6.2 representations and warranties set forth in Article II are true and correct on and as of the Purchase Agreementdate each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Samples: Receivables Sale Agreement (LKQ Corp)

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