First Payment Date Conditions Sample Clauses

First Payment Date Conditions. The obligation of Purchaser to pay Seller the First Payment Amount shall be conditioned upon the satisfaction (or waiver by Purchaser, in its sole discretion) of the following conditions (the “First Payment Conditions Precedent”): (a) each of the representations and warranties of Seller set forth in Article IV shall be true and correct in all material respects (except for such representations and warranties that are qualified by materiality, Material Adverse Effect or any similar qualification or exception, which shall be true and correct in all respects) on the First Payment Date, in each case except to the extent that any such representation or warranty was expressly made only as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date in all material respects (except for such representations and warranties that are qualified by materiality, Material Adverse Effect or any similar qualification or exception, which shall be true and correct in all respects); (b) Seller shall have performed or complied in all material respects with the covenants applicable to it that are required by this Agreement to be performed or complied with by Seller on or before the First Payment Date; (c) Purchaser shall receive a draft Transfer Election Statement for each Eligible Facility that has been completed with as much information as is readily available at the time of First Payment Date; and (d) Purchaser shall receive a certificate dated as of the First Payment Date and executed by a duly authorized signatory of Seller in substantially the form attached as Exhibit A.
AutoNDA by SimpleDocs

Related to First Payment Date Conditions

  • Interest Payment Dates Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Final Repayment Date On the final Repayment Date, the Borrowers shall additionally pay to the Agent for the account of the Creditor Parties all other sums then accrued or owing under any Finance Document.

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