Common use of Conditions Precedent to Initial Transaction Clause in Contracts

Conditions Precedent to Initial Transaction. The Effective Date hereof is subject to the satisfaction, immediately prior to or concurrently with such Effective Date, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the following documents, each of which shall be satisfactory in form and substance to Buyer and its counsel: (1) The following Repurchase Documents, as well as certain other documents, delivered to Buyer:

Appears in 2 contracts

Sources: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP)