Conditions Precedent to the Sale of the Certificates. The obligation of the Transferor to sell the Certificates to the Administrative Agent on the Closing Date for the benefit of the Purchaser and the subsequent Owners from time to time is subject to the satisfaction at the time of the Closing of the following conditions:
Appears in 2 contracts
Samples: Certificate Purchase Agreement (Nextcard Inc), Certificate Purchase Agreement (Nextcard Inc)
Conditions Precedent to the Sale of the Certificates. The obligation of the Transferor to sell the Certificates to the Administrative Agent on the Closing Date for the benefit of the Purchaser and the subsequent Owners from time to time is subject to the satisfaction at the time of the Closing of the following conditions:
Appears in 2 contracts
Samples: Certificate Purchase Agreement (Nextcard Inc), Certificate Purchase Agreement (Nextcard Inc)