Common use of Conditions to All Purchases Clause in Contracts

Conditions to All Purchases. The Buyer's obligation to make a Purchase on any Purchase Date shall be subject to satisfaction of the following applicable conditions precedent: (a) The representations and warranties in Sections 3.01 and 3.02 hereof shall be true and correct as of such Purchase Date, as though made on and as of such date; (b) The Seller shall have taken all actions necessary or reasonably requested by the Buyer to maintain a perfected first priority ownership or security interest of the Buyer in and to the Transferred Assets (including in and to the Receivables purchased on such Purchase Date); and (c) No Termination Event, Unmatured Termination Event or Servicer Default shall exist on such date or would result from such Purchase.

Conditions to All Purchases. The Buyer's obligation to make a Purchase on any Purchase Date shall be subject to satisfaction of the following applicable conditions precedent: (a) The representations and warranties in Sections 3.01 and 3.02 hereof shall be true and correct as of such Purchase Date, as though made on and as of such date; (b) The Seller shall have taken all actions necessary or reasonably requested by the Buyer to maintain ownership or a perfected first priority ownership or security interest of the Buyer in and to the Transferred Assets (including in and to the Receivables purchased on such Purchase Date); and (c) No Termination Event, Unmatured Termination Event or Servicer Default shall exist on such date or would result from such Purchase.