Common use of Conditions to Payment Clause in Contracts

Conditions to Payment. The obligation of Freddie Mac to pay the Capital Contribution Amount pursuant to Section 2 shall be subject to the following conditions precedent: (a) the Termination Date has not occurred as of any prior Payment Date; and (b) receipt by Freddie Mac of a Payment Notification pursuant to Section 5(a).

Appears in 28 contracts

Samples: Capital Contribution Agreement, Capital Contribution Agreement, Capital Contribution Agreement

AutoNDA by SimpleDocs

Conditions to Payment. The obligation of Freddie Mac to pay the any Capital Contribution Amount pursuant to Section 2 shall be subject to the following conditions precedent: (a) the Termination Date has not occurred as of any prior Payment Date; and (b) receipt by Freddie Mac of a Payment Notification pursuant to Section 5(a).

Appears in 1 contract

Samples: Capital Contribution Agreement

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