Conditions Precedent to Purchases. Purchaser’s obligation to purchase each Eligible Loan in any Purchase Commitment shall be subject to all of the representations, warranties and covenants of Seller contained in this Agreement being true and correct in all material respects as of the applicable Purchase Date. Purchaser’s right to purchase each Eligible Loan hereunder shall be conditioned upon there being sufficient available funds in the Purchaser Online Account to meet any payment obligation.
Appears in 2 contracts
Sources: Loan Purchase Agreement, Loan Purchase Agreement (LendingClub Corp)