Common use of Conditions to Obligation of the Depositor Clause in Contracts

Conditions to Obligation of the Depositor. The obligation of the Depositor to purchase the Receivables is subject to the satisfaction of the following conditions:

Appears in 159 contracts

Samples: Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-C), Receivables Purchase Agreement (Hyundai Auto Receivables Trust 2024-B)

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Conditions to Obligation of the Depositor. The obligation of the Depositor to purchase take receipt of the Receivables under this Agreement is subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Receivables Acquisition Agreement (Acc Consumer Finance Corp), Receivables Acquisition Agreement (Advanta Auto Finance Corp)

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