Conditions to Purchase and Sale. SECTION 3.01. Conditions Precedent to the Company's Purchase of Receivables on the Effective Date. The obligation of the Company to purchase the Receivables and the other Receivable Assets hereunder on the Effective Date from the Sellers is subject to the conditions precedent, which may be waived by the Company, that (a) each of the Sale Documents shall be in full force and effect and (b) the conditions set forth below shall have been satisfied on or before the Effective Date:
Conditions to Purchase and Sale. (a) The Seller’s obligation to sell and deliver the applicable Eligible Receivables hereunder as of any Purchase Date shall be subject to each of the following conditions precedent:
Conditions to Purchase and Sale. 3.1 Conditions Precedent to the Company's Initial Purchase of --------------------------------------------------------- Receivables. The obligation of the Company to purchase the Receivables and the ----------- other Receivable Assets hereunder on the Commencement Date from any Seller is subject to the conditions precedent, which may be waived by the Company, that (a) each of the Transaction Documents shall be in full force and effect and (b) the conditions set forth below shall have been satisfied on or before the Commencement Date:
Conditions to Purchase and Sale. The obligation of the Founder to ------------------------------- purchase Common Stock as set forth in Section 1.1 hereof shall be subject to the fulfillment of each of the following conditions: (i) the Private Placement (apart from the funding by the Founder of its Initial Investment) and the Debt Offering shall have been completed and the aggregate proceeds therefrom, together with the Investment of the Founder, shall be sufficient to complete the Acquisition; (ii) all conditions precedent to the consummation of the Acquisition (other than any such condition requiring funding by the Founder of its Initial Investments) shall have been fulfilled; and (iii) all regulatory approvals and consents necessary for consummation of the Acquisition and for the Company's operation as a unitary thrift holding company of the Bank shall have been obtained or made and shall be in full force and effect and all waiting periods required by any applicable law shall have expired. The obligation of the Company to sell the Common Stock shall be subject to the Founder's delivery to the Company of an executed Subscription Agreement.
Conditions to Purchase and Sale. (a) The obligation of the Purchaser to purchase the ABS Asset from the Seller on the Closing Date is subject to the satisfaction of the following conditions: (i) the representations and warranties of the Seller contained herein shall be true and correct on the Closing Date; and (ii) the Seller shall have performed all obligations to be performed by it hereunder on or before the Closing Date.
Conditions to Purchase and Sale. 11 3.1 Conditions Precedent to the Company's Initial Purchase of Receivables..........................11 3.2 Conditions Precedent to All the Company's Purchases of Receivables.............................12 3.3 Conditions Precedent to Sellers' Obligations...................................................13 3.4 Conditions Precedent to the Addition of a Seller...............................................13
Conditions to Purchase and Sale. 3.1 Conditions Precedent to the Company's Initial Purchase of Receivables.. 8 3.2 Conditions Precedent to All the Company's Purchases of Receivables..... 10 3.3
Conditions to Purchase and Sale. 3.1 Conditions Precedent to the First Purchase of Receivables......10 3.2 Conditions Precedent to each Purchase of Receivables...........10
Conditions to Purchase and Sale. 5.1. The respective obligations of the Purchasers to purchase, and Seller to sell, the Shares, shall be subject to the following conditions:
Conditions to Purchase and Sale. 7.1 Conditions to the Obligations of Each Party. The obligations of Seller and Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions:
