Common use of Conditions to Closing and Initial Loan Clause in Contracts

Conditions to Closing and Initial Loan. The Closing Date shall not occur and no Lender shall be obligated to make any Lender Advance hereunder on the occasion of the Initial Loan, nor shall any Secured Party, the Paying Agent or the Custodian be obligated to take, fulfill or perform any other action hereunder, until all of the following conditions have been satisfied, [***].

Appears in 3 contracts

Sources: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.)

Conditions to Closing and Initial Loan. The Closing Date shall not occur and no Lender shall be obligated to make any Lender Advance hereunder on the occasion of the Initial Loan, nor shall any Secured PartyLender, the Paying Agent Administrative Agent, the Backup Servicer, the Account Bank or the Custodian be obligated to take, fulfill or perform any other action hereunder, until all until, in the case of (i) the following Closing Date, the conditions have been satisfied, set forth [***].:

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)

Conditions to Closing and Initial Loan. The Closing Date shall not occur and no Lender shall be obligated to make any Lender Advance hereunder on the occasion of the Initial Loan, nor shall any Secured PartyLender, the Paying Agent Administrative Agent, any Agent, the Backup Servicer, the Account Bank or the Custodian be obligated to take, fulfill or perform any other action hereunder, until all until, in the case of (i) the following Closing Date, the conditions have been satisfied, set forth [***].

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)