Common use of Effect of Payment of Purchase Price Clause in Contracts

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, (whether in cash or through a capital contribution), title to the related Transferred Assets shall vest in the Buyer, whether or not the conditions precedent to such Purchase were in fact satisfied; provided, however, that the Buyer shall not be deemed to have waived any claim it may have under this Originator Purchase Agreement for the failure by the Originator in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (HPSC Inc)

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Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, (whether in cash or through a capital contribution), title to the related Transferred Acquired Assets shall vest in the BuyerPurchaser, whether or not the conditions precedent to such Purchase were in fact satisfied; provided, however, that the Buyer Purchaser shall not be deemed to have waived any claim it may have under this Originator Purchase Agreement for the failure by the Originator Seller in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Loan Agreement (Ag Services of America Inc)

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, (whether in cash or through by an increase in a Buyer Note pursuant to Section 3.1) for any Receivable or upon a transfer of a Receivable as a capital contribution), title to the related Transferred Assets Receivables included therein shall vest in the Buyer, whether or not the conditions precedent to such Purchase purchase or contribution were in fact satisfied; provided, however, that the Buyer shall not be deemed to have waived any claim it may have under this Originator Purchase Agreement for the failure by the Originator Seller in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Sale Agreement (Exide Corp)

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, (whether in cash or through a capital contribution), title to the related Transferred Assets shall vest in the Buyer, whether or not the conditions precedent to such Purchase were in fact satisfied; providedPROVIDED, howeverHOWEVER, that the Buyer shall not be deemed to have waived any claim it may have under this Originator Purchase Agreement for the failure by the Originator Seller in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (HPSC Inc)

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Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, Purchase (whether in cash or through a capital contributionby an increase in the applicable Seller's Subordinated Note), title to the related Transferred Receivables and the Related Assets included in such Purchase shall vest in the BuyerPurchaser, whether or not the conditions precedent to such Purchase were in fact satisfied; provided, however, that the Buyer Purchaser shall not be deemed to have waived any claim it may have under this Originator Purchase Agreement for the failure by the Originator any Seller in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lci International Inc /Va/)

Effect of Payment of Purchase Price. Upon the payment of the Purchase Price for any Purchase, (whether in cash or through a capital contribution), title to the related Transferred Assets shall vest in the Buyer, whether or not the conditions precedent to such Purchase were in fact satisfied; provided, however, that the Buyer shall not be deemed to have waived any claim it may have under this Originator Purchase Sale Agreement for the failure by the Originator Seller in fact to satisfy any such condition precedent.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (HPSC Inc)

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