Common use of Limitation on Purchase Obligation Clause in Contracts

Limitation on Purchase Obligation. Purchaser shall have no obligation to purchase any Eligible Loan at any time after the termination of this Agreement (except those Eligible Loans for which outstanding Purchase Commitments were made prior to the termination of this Agreement).

Appears in 4 contracts

Samples: Master Loan Purchase Agreement (LendingClub Corp), Master Loan Purchase Agreement (LendingClub Corp), Master Loan Purchase Agreement (LendingClub Corp)

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Limitation on Purchase Obligation. Purchaser shall have no obligation to purchase any Eligible Loan Loan: (a) at any time after the termination of this Agreement (Agreement, except those Eligible Loans for which outstanding Purchase Commitments were made prior have been made; or (b) if any Event of Default by Seller has occurred and is continuing at the time of the sale to the termination of this Agreement)Purchaser.

Appears in 2 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement (LendingClub Corp)

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Limitation on Purchase Obligation. Purchaser shall have no obligation to purchase any Eligible Loan at any time after the termination of this Agreement (except those Eligible Loans for which outstanding Purchase Commitments were made prior to the termination of this Agreement).. 2.7

Appears in 1 contract

Samples: Master Loan Purchase Agreement

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