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 Receivables on any Business Day shall be subject to the satisfaction of the following conditions: (a) All representations and warranties of the 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 3.3 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 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]

Conditions Precedent to the Seller’s Obligations. The obligations of each of the Seller Sellers to sell Receivables the related Home Equity Loans on the applicable Transfer Date and to sell any Business Day shall Eligible Substitute Home Equity Loans on the applicable Transfer Date therefor shall, in each case, be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Buyer Depositor 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 applicable Purchase Price in accordance with the provisions of Section 3.3 Article III 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 SellerSellers, and the Seller such Sellers shall have received from the Buyer Depositor copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller such Sellers may reasonably have requested. [END OF ARTICLE VII].

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell Receivables Purchased Assets on any Business Day shall be subject to the satisfaction of the following conditionsconditions with respect to such Purchased Assets: (a) All representations and warranties of the 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 (unless such representation or warranty specifically relates to an earlier date); (b) Payment or provision for payment of the Purchase Price in accordance with the provisions of Section 3.3 3.1 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 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].

Conditions Precedent to the Seller’s Obligations. The obligations of the Seller to sell the Receivables in the Initial Accounts on any Business Day the Closing Date shall be subject to the satisfaction of the following conditions: (a) All all representations and warranties of the Buyer Dryrock Funding 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 the provisions of Section 3.3 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 Buyer Dryrock Funding 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. [END OF ARTICLE VII].

Conditions Precedent to the Seller’s Obligations. The obligations of each of the Seller Sellers to sell Receivables the related Initial Home Equity Loans on the Closing Date and to sell any Business Day shall Eligible Substitute Home Equity Loans on the applicable Transfer Date therefor shall, in each case, be subject to the satisfaction of the following conditions: (a) All representations and warranties of the Buyer Depositor 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 applicable Purchase Price in accordance with the provisions of Section 3.3 Article III 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 SellerSellers, and the Seller such Sellers shall have received from the Buyer Depositor copies of all documents (including, without limitation, records of corporate proceedings) relevant to the transactions herein contemplated as the Seller such Sellers may reasonably have requested. [END OF ARTICLE VII].