Conditions Precedent to Purchase Sample Clauses
The "Conditions Precedent to Purchase" clause defines specific requirements or events that must be satisfied before a purchase transaction can be completed. These conditions might include obtaining regulatory approvals, securing financing, or the satisfactory completion of due diligence by the buyer. By setting out these prerequisites, the clause ensures that both parties are protected from being obligated to proceed with the purchase until all critical factors are addressed, thereby reducing risk and uncertainty in the transaction.
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Conditions Precedent to Purchase. The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.
Conditions Precedent to Purchase. The Purchase is subject to the satisfaction of each of the following conditions on or prior to the Effective Date (any or all of which (except Section 3.01(c)) may be waived by the Managing Agents in their sole and absolute discretion:
(a) The Managing Agents shall have received on or before the date hereof each of the items listed on Schedule I hereto, each (unless otherwise indicated) dated the date hereof, in form and substance reasonably satisfactory to the Managing Agents;
(b) Each of the representations and warranties of Cartus, CRC, the Issuer, the Servicer, Realogy or the Trustee made in this Agreement, the Indenture, and each other Transaction Document shall be true and correct in all material respects as of the date hereof as though made as of such time (except to the extent that they expressly relate to an earlier or later time);
(c) No Amortization Event, Servicer Default or Event of Default or event that with the giving of notice or lapse of time or both would constitute such an Amortization Event, Servicer Default or Event of Default shall have occurred and be continuing (before and after giving effect to the Purchase);
(d) Immediately after giving effect to the Purchase, no Asset Amount Deficiency shall exist and be continuing;
(e) All fees required to be paid on or prior to the date hereof in accordance with the Fee Letter and the Administrative Agent Fee Letter shall have been paid in full in accordance with the terms thereof; and
(f) Each Managing Agent shall have received a written confirmation from each of the Rating Agencies that the Purchase hereunder will not result in a downgrade or withdrawal of the rating of the Commercial Paper Notes of the Conduit Purchasers in the related Purchaser Group or shall have confirmed to the Administrative Agent that no such written confirmation from the Rating Agencies is necessary to maintain such rating.
Conditions Precedent to Purchase. The Purchases under this Agreement are subject to the conditions precedent that (a) Buyer shall have been capitalized with the Initial Contributed Receivables, (b) Buyer shall have received on or before the date of such purchase those documents listed on SCHEDULE A and (c) all of the conditions to the initial loan under the Credit and Security Agreement shall have been satisfied or waived in accordance with the terms thereof.
Conditions Precedent to Purchase. (A) Activities Prior to the Purchase Date ▇▇▇▇▇▇ ▇▇▇ shall provide any assistance requested by Funding in determining that all required documentation on the Loans is present and correct.
Conditions Precedent to Purchase. The Purchase from each Originator under this Agreement is subject to the conditions precedent that (a) Buyer (and its assigns) shall have received on or before the closing date of the Credit and Security Agreement those documents listed on Schedule A and (b) all of the conditions to effectiveness of the Credit and Security Agreement shall have been satisfied on or before the closing date thereof or waived in accordance with the terms thereof.
Conditions Precedent to Purchase. The following conditions must be satisfied before the Purchaser will make the Purchase:
Conditions Precedent to Purchase. The effectiveness of this Agreement is subject to the condition precedent that Buyer shall have received on or before the date of such purchase those documents listed on Schedule A.
Conditions Precedent to Purchase. The obligations of Buyer to purchase Receivables, Related Security and associated Collections from each Originator under this Agreement is subject to the satisfaction or waiver by Buyer of the conditions precedent that (a) Collection Account Agreements for each Lock-Box and Collection Account (other than any FX Collection Account) (or amendments to or assignments of existing Collection Account Agreements) in favor of PNC Bank, National Association, as Administrative Agent shall have been executed by the parties thereto and delivered to Buyer; (b) all of the conditions to effectiveness of the Credit and Security Agreement shall have been satisfied on or before the closing date thereunder or waived in accordance with the terms thereof; and (c) the Commencement Date shall have occurred with respect to such Originator.
Conditions Precedent to Purchase. The following conditions as outlined in Section 4.2 through Section 4.11 must be satisfied before the Purchaser will make the Purchase:
Conditions Precedent to Purchase. (A) Activities Prior to the Purchase Date SLMA shall provide any assistance requested by Funding in determining that all required documentation on the Loans is present and correct.