Common use of Conditions to Payment Clause in Contracts

Conditions to Payment. The obligations of the Capital Contribution Provider (or the Capital Contribution Assignee, if any) to make any Payment under Article II with respect to any Remittance Date will be subject to the following conditions precedent: (a) the CAA Termination Date has not occurred as of any prior Payment Date; and (b) the Capital Contribution Provider has received a Payment Notification pursuant to Section 3.02(a).

Conditions to Payment. The obligations of the Capital Contribution Provider (or the Capital Contribution Assignee, if any) to make any Payment under Article II with respect to any Remittance Date will be subject to the following conditions precedent:precedent:‌ (a) the CAA Termination Date has not occurred as of any prior Payment Date; and (b) the Capital Contribution Provider has received a Payment Notification pursuant to Section 3.02(a).