Common use of Conditions Precedent to the Fourth Amendment and Restatement Effective Date Clause in Contracts

Conditions Precedent to the Fourth Amendment and Restatement Effective Date. The effectiveness of the Fourth Amendment and Restatement Effective Date shall be subject to the satisfaction or written waiver of the following conditions precedent, in the sole discretion of, the Administrative Agent: (a) This Agreement, the REO Pledge Agreement and the Account Control Agreement, each to be executed on the Fourth Amendment and Restatement Effective Date shall have been duly executed by, and delivered to, the parties thereto, and the Administrative Agent shall have received such other documents, instruments and agreements as the Administrative Agent shall reasonably request in connection with the transactions contemplated by this Agreement, including, without limitation, any original certificates of membership interests in the REO Asset Owner issued to the Seller, each in form and substance satisfactory to the Administrative Agent; (b) As of such date, the following statements shall be true, and the Seller shall be deemed to have certified that: