Common use of Conditions Precedent to the Seller’s Obligations Clause in Contracts

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with Section 3.01 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Goldman Sachs Asset Backed Securities Corp), Receivables Purchase Agreement (Bond Securitization LLC), Receivables Purchase Agreement (Bond Securitization LLC)

AutoNDA by SimpleDocs

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables on the Closing Date any Business Day shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Buyer contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date;, (b) Payment or provision for payment of the Purchase Price in accordance with the provisions of Section 3.01 hereof 3.2 shall have been made; , and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Buyer copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell Receivables in the Receivables Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company ACE contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provision of Section 3.01 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company ACE copies of all documents (including, without limitation, records of for corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ace Securities Corp)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables on the Closing Date any Business Day shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Buyer contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provisions of Section 3.01 3.2 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Buyer copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.. [END OF ARTICLE VII] 14

Appears in 1 contract

Samples: Purchase Agreement (Metris Companies Inc)

Conditions Precedent to the Seller’s Obligations. The obligations of the each Seller to sell Receivables in the Receivables Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provision of Section 3.01 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the each Seller, and the Seller Sellers shall have received from the Company copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the each Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Household Consumer Loan Corp Ii)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables on the Closing Date any Business Day shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Buyer contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price for all prior sales in accordance with Section 3.01 the provisions of SECTION 3.2 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Buyer copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables in the Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All all representations and warranties of the Company TRS contained in this Agreement shall be true and correct on the Closing Date with the same effect as though such representations and warranties had been made on such date (except that, to the extent any such representation or warranty expressly relates to an earlier date, such representation or warranty was true and correct on such earlier date); (b) Payment payment or provision for payment of the Purchase Price in accordance with Section 3.01 hereof shall have been made; and (c) All corporate and legal all company proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company TRS copies of all documents (including, without limitation, including records of corporate company proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Express Receivables Financing Corp VIII LLC)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell Receivables in the Receivables Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Purchaser contained in this Agreement shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provision of Section 3.01 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Purchaser copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Signet Jewelers LTD)

AutoNDA by SimpleDocs

Conditions Precedent to the Seller’s Obligations. The ------------------------------------------------ obligations of the Seller to sell Receivables in the Receivables Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company ABSC contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provision of Section 3.01 hereof shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company ABSC copies of all documents (including, without limitation, records of for corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Asset Backed Securities Corp)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables on the Closing Date any Business Day shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Buyer contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provisions of Section 3.01 hereof 3.2 shall have been made; and (c) All corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Buyer copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Metris Companies Inc)

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables in the Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All all representations and warranties of the Company Purchaser contained in this Agreement shall be true and correct on the Closing Date with the same effect as though such representations and warranties had been made on such date (except that, to the extent any such representation or warranty expressly relates to an earlier date, such representation or warranty was true and correct on such earlier date); (b) Payment payment or provision for payment of the Purchase Price in accordance with Section 3.01 hereof shall have been made; and (c) All corporate all company and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Seller, and the Seller shall have received from the Company Purchaser copies of all documents (including, without limitation, including records of corporate company proceedings) relevant to the transactions herein contemplated as the Seller may reasonably have requested.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Express Receivables Financing Corp Iv LLC)

Conditions Precedent to the Seller’s Obligations. The obligations of the each Seller to sell Transferred Receivables in the Receivables Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Company Purchaser contained in this Agreement shall be true and correct with the same effect as though such representations and warranties had been made on such date; (b) Payment or provision for payment of the Purchase Price in accordance with the provision of Section 3.01 hereof shall have been made; and (c) All corporate partnership and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the SellerSellers, and the Seller Sellers shall have received from the Company Purchaser copies of all documents (including, without limitation, including records of corporate partnership proceedings) relevant to the transactions herein contemplated as the Seller Sellers may reasonably have requested.. ARTICLE EIGHT

Appears in 1 contract

Samples: Master Indenture (Bon Ton Stores Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!