Common use of Conditions Precedent to Subsequent Payments Clause in Contracts

Conditions Precedent to Subsequent Payments. Buyer's obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Each Originator represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Sources: Receivables Sale Agreement (Jabil Circuit Inc)

Conditions Precedent to Subsequent Payments. Buyer's obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it or they may reasonably request. Each Originator represents and warrants that request pursuant to the representations and warranties set forth in Article II are true and correct on and as terms of Section 6.2 of the date each Receivable came into existence as though made on and as of such datePurchase Agreement.

Appears in 1 contract

Sources: Receivables Sale Agreement (Timken Co)

Conditions Precedent to Subsequent Payments. Buyer's ’s obligation to pay for Receivables coming into existence after the Initial Cutoff Date shall be subject to the further conditions precedent that (a) the Sale Termination Date shall not have occurred; and (b) Buyer (or its assigns) shall have received such other approvals, opinions or documents as it may reasonably request. Each Originator represents and warrants that the representations and warranties set forth in Article II are true and correct on and as of the date each Receivable came into existence as though made on and as of such date.

Appears in 1 contract

Sources: Receivables Sale Agreement (LKQ Corp)