Common use of PAYMENT TO BE MADE ON BUSINESS DAY Clause in Contracts

PAYMENT TO BE MADE ON BUSINESS DAY. If any payment is due on a day which is not a Business Day, the due date will be the next Business Day. SELLER LOAN AGREEMENT [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- 7. CONDITIONS PRECEDENT -------------------------------------------------------------------------------- (a) The right of the Trustee to give the initial Drawdown Notice and the obligations of the Approved Seller under this agreement are subject to the condition precedent that the Approved Seller receives all of the following in form and substance satisfactory to the Approved Seller: (i) (TRUST DOCUMENTS) from the Manager a certified copy of each duly executed and (where relevant) stamped Trust Document; (ii) (MASTER TRUST DEED CONDITIONS PRECEDENT) from the Manager evidence that the conditions precedent referred to in clause 6 of the Master Trust Deed have been satisfied; and (iii) (NOTES) evidence that the Notes have been issued. (b) The obligations of the Approved Seller to make available the Advance is subject to the further conditions precedent that: (i) (REPRESENTATIONS TRUE) the representations and warranties by the Trustee in clause 8 are true as at the date of the Drawdown Notice and the date of the Advance as though they had been made at that date in respect of the facts and circumstances then subsisting; and (ii) (NO DEFAULT) no Event of Default is subsisting at the date of the Drawdown Notice or of the Advance or will result from the provision of the Advance.

PAYMENT TO BE MADE ON BUSINESS DAY. If any payment is due on a day which is not a Business Day, the due date will be the next Business Day. SELLER LOAN AGREEMENT Seller Loan Agreement [Allens Xxxxxx Xxxxxxxx LOGO] -------------------------------------------------------------------------------- 7. CONDITIONS PRECEDENT -------------------------------------------------------------------------------- (a) The right of the Trustee to give the initial Drawdown Notice and the obligations of the Approved Seller under this agreement are subject to the condition precedent that the Approved Seller receives all of the following in form and substance satisfactory to the Approved Seller: (i) (TRUST DOCUMENTS) from the Manager a certified copy of each duly executed and (where relevant) stamped Trust Document; (ii) (MASTER TRUST DEED CONDITIONS PRECEDENT) from the Manager evidence that the conditions precedent referred to in clause 6 of the Master Trust Deed have been satisfied; and (iii) (NOTES) evidence that the Notes have been issued. (b) The obligations of the Approved Seller to make available the Advance is subject to the further conditions precedent that: (i) (REPRESENTATIONS TRUE) the representations and warranties by the Trustee in clause 8 are true as at the date of the Drawdown Notice and the date of the Advance as though they had been made at that date in respect of the facts and circumstances then subsisting; and (ii) (NO DEFAULT) no Event of Default is subsisting at the date of the Drawdown Notice or of the Advance or will result from the provision of the Advance.

PAYMENT TO BE MADE ON BUSINESS DAY. If any payment is due on a day which is not a Business Day, the due date will be the next Business Day. SELLER LOAN AGREEMENT Seller Loan Agreement [Allens Xxxxxx Xxxxxxxx LOGOlogo] -------------------------------------------------------------------------------- 7. CONDITIONS PRECEDENT -------------------------------------------------------------------------------- (a) The right of the Trustee to give the initial Drawdown Notice and the obligations of the Approved Seller under this agreement are subject to the condition precedent that the Approved Seller receives all of the following in form and substance satisfactory to the Approved Seller: (i) (TRUST DOCUMENTS) from the Manager a certified copy of each duly executed and (where relevant) stamped Trust Document; (ii) (MASTER TRUST DEED CONDITIONS PRECEDENT) from the Manager evidence that the conditions precedent referred to in clause 6 of the Master Trust Deed have been satisfied; and (iii) (NOTES) evidence that the Notes have been issued. (b) The obligations of the Approved Seller to make available the Advance is subject to the further conditions precedent that: (i) (REPRESENTATIONS TRUE) the representations and warranties by the Trustee in clause 8 are true as at the date of the Drawdown Notice and the date of the Advance as though they had been made at that date in respect of the facts and circumstances then subsisting; and (ii) (NO DEFAULT) no Event of Default is subsisting at the date of the Drawdown Notice or of the Advance or will result from the provision of the Advance.