Conditions Precedent to Obligations of Owner Clause Samples

Conditions Precedent to Obligations of Owner. The obligation of Owner to participate in the transaction contemplated hereby on the Closing Date is subject to the satisfaction or waiver by Owner, on or prior to the Closing Date, of the conditions precedent set forth below in this Section 4.3.
View SourceView Similar (48)
Conditions Precedent to Obligations of Owner. Participant. The obligation of the Owner Participant to make the Commitment ----------- available for payment as directed by the Owner Trustee on the Delivery Date is subject to satisfaction or waiver by the Owner Participant, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 3.01; provided, that it shall not be a condition precedent to the obligation of the -------- Owner Participant that any document be produced or action taken that is to be produced or taken by the Owner Participant or by a Person within the Owner Participant's control:
View Source
Conditions Precedent to Obligations of Owner. The obligation of Owner to tender Sold Program Contracts to the Servicer pursuant to this Servicing Agreement is subject to the conditions precedent that Owner shall have satisfactorily completed its due diligence review of the Servicer and its operations and that Owner shall have received the following, in form and substance satisfactory to Owner, by the Closing Date, or such other date as may be specified for the receipt of such document or instrument by the Owner. (a) The articles of incorporation of the Servicer certified, as of a date no more than ten (10) days prior to the Closing Date, by the Secretary of State of Delaware; (b) A good standing certificate from the State of Delaware, dated no later than ten (10) days prior to the Closing Date, and within twenty (20) days after the Closing Date, from each state in which the Servicer is required to qualify to do business as a foreign corporation, each of which shall be dated no later than thirty (30) days prior to the actual delivery date; (c) A list of states in which the Servicer is qualified to engage in business and, if necessary, has obtained a collection agency license or like or similar license and a copy of each such collection agency license or other authority to transact such business; (d) A certificate of the Secretary or Assistant Secretary of the Servicer (on which certificate the Owner may conclusively rely until such time as it shall receive from the Servicer
View Source
Conditions Precedent to Obligations of Owner. The obligation of Owner to tender Sold Program Contracts to the Servicer pursuant to this Servicing Agreement is subject to the conditions precedent that Owner shall have satisfactorily completed its due diligence review of the Servicer and its operations and that Owner shall have received the following, in form and substance satisfactory to Owner, by the Closing Date, or such other date as may be specified for the receipt of such document or instrument by the Owner. (a) The articles of incorporation of the Servicer certified, as of a date no more than ten (10) days prior to the Closing Date, by the Secretary of State of Delaware; (b) A good standing certificate from the State of Delaware, dated no later than ten (10) days prior to the Closing Date, and within twenty (20) days after the Closing Date, from each state in which the Servicer is required to qualify to do business as a foreign corporation, each of which shall be dated no later than thirty (30) days prior to the actual delivery date; (c) A list of states in which the Servicer is qualified to engage in business and, if necessary, has obtained a collection agency license or like or similar license and a copy of each such collection agency license or other authority to transact such business; (d) A certificate of the Secretary or Assistant Secretary of the Servicer (on which certificate the Owner may conclusively rely until such time as it shall receive from the Servicer a revised certificate meeting the requirements of this subsection) certifying as of the Closing Date: (i) the names and true signatures of the officers authorized on its behalf to sign this Servicing Agreement, (ii) a copy of the Servicer's articles of incorporation and bylaws, and (iii) a copy of the resolutions of the board of directors of the Servicer approving this Agreement and the transactions contemplated hereby; (e) An Officer's Certificate in the form of Exhibit E attached to the Sale Agreement; (f) The favorable Opinion of Servicer's outside counsel satisfactory to Owner, in substantially the form of Exhibit F attached to the Sale Agreement; (g) The Servicer's Servicing Policies and Procedures; (h) A list and detailed description of material pending and threatened litigation to which the Servicer or any of its Affiliates or assets may be subject; (i) The financial statements of Servicer required to be delivered by the Servicer to the Owner pursuant to Section 3.1(a) of the Sale Agreement; and (j) Such other approvals, cons...
View Source
Conditions Precedent to Obligations of Owner. The obligation of Owner to participate in the transaction contemplated hereby on the Class B Closing Date is subject to the satisfaction or waiver by Owner, on or prior to the Class B Closing Date, of the conditions precedent set forth below in this Section 4.3.
View Source
Conditions Precedent to Obligations of Owner 
View Source

Related to Conditions Precedent to Obligations of Owner

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Seller.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF DEVELOPER The obligations of Developer under this Agreement are conditioned upon the following:

  • Conditions Precedent to Obligations of Sellers The obligation of Sellers to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Sellers.

  • Conditions Precedent to Obligations of Each Party The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • Conditions Precedent to Obligations of the Purchaser The obligation of the Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by the Purchaser in whole or in part in its sole discretion):