CONDITIONS PRECEDENT TO COMPANY'S INITIAL PURCHASE. The obligation of the Company to purchase Receivables and Receivables Property hereunder on the Effective Date from the Sellers is subject to the conditions precedent that the Company shall have received on or before the date of such purchase the following, each (unless otherwise indicated) dated the day of such sale and in form and substance satisfactory to the Company:
Appears in 2 contracts
Sources: Receivables Sale and Contribution Agreement (Core Mark International Inc), Receivables Sale Agreement (Rykoff Sexton Inc)
CONDITIONS PRECEDENT TO COMPANY'S INITIAL PURCHASE. The obligation of the Company to purchase Receivables and Receivables Property hereunder on the Effective Date from the Sellers is subject to the conditions precedent that the Company shall have received on or before the date of such purchase the following, each (unless otherwise indicated) dated the day of such sale and in form and substance reasonably satisfactory to the Company:
Appears in 1 contract
Sources: Receivables Sale Agreement (United Stationers Supply Co)